BCT数据：2025年上半年香港强积金市场平均回报约8.9%

Core Insights - The average return of Hong Kong's Mandatory Provident Fund (MPF) market in the first half of 2025 is approximately 8.9% [1] - The top-performing MPF investor, referred to as "MPF King," achieved a return of 58.9% through three fund switches, while the lowest performer, "MPF Lantern God," recorded a negative return of -19.2% despite four fund switches [1] - The contrasting strategies of "MPF King" and "MPF Lantern God" on April 7, the day the US announced tariff policies, highlight the importance of timing and strategy in fund switching [1][2] Performance Analysis - The AQUMON MPF Composite Fund Index plus inflation recorded a positive return of 2.86% in June, indicating a strong performance in May that broke the "five poor months" curse [1] - All fund categories showed positive growth, challenging the notion of "five poor and six absolute" market trends [1] Investment Strategy - The significant difference in returns between the top and bottom performers, nearly 80 percentage points, underscores the importance of strategic fund switching over frequent trading [2] - Investors are encouraged to remain calm and rational amidst market uncertainties, focusing on global economic dynamics and enhancing their investment knowledge [2]