Junlong announced the MPF market share report today (14th), and the top three industry leaders are Manulife (26.9%), HSBC (17.9%) and Sun Life (10.9%).
In the past 12 months, Manulife (+1.2%) and Sun Life (+0.5%) recorded the largest market share gains, while HSBC (-0.7%) recorded the largest market share decline.
Regarding the overall capital flow and the performance of individual funds, Wang Yulin, executive director of Junlong Group, pointed out that MPF members had about HK$6.7 billion of funds flowing into the stock market in March, and the main sources were bonds and money markets (HK$4.3 billion). Hong Kong equity (active) funds were the asset class with the highest net inflows, while conservative funds had the highest net outflows.
Hong Kong equity (active) funds were the asset class with the highest net inflows in March.
(Provided by Junlong)
He suggested that MPF members should consider longer-term investment horizons rather than short-term fluctuations when adjusting their MPF asset allocation.
In the medium term, the Russian-Ukrainian war, U.S. interest rate hikes and consideration of balance sheet reductions may continue to bring volatility to the credit market.
In addition to paying attention to market trends and understanding asset classes and sectors, members should also pay attention to whether the MPF schemes they participate in can provide target returns.
In terms of net flows of fund asset types, the market converted a total of approximately HK$3 billion to Hong Kong (active) equity funds and HK$2.2 billion to Hong Kong equity funds (tracking indices) in March.
The MPF Conservative Fund recorded a net outflow of HK$2.2 billion, indicating that members held a less optimistic view of it.