GUM︰1月香港强积金人均赚11085港元 亚洲股票基金回报高达8.7%

Core Viewpoint - GUM's strong performance in January indicates a positive start for the year, with significant gains in various fund indices, particularly in Asian stock funds driven by AI demand [1] Performance Summary - The "GUM MPF Composite Index" rose by 3.4% to 296.2 points in January 2026 [1] - The "GUM MPF Equity Fund Index" increased by 4.8% to 431.1 points [1] - The "GUM MPF Mixed Asset Fund Index" saw a rise of 3.5% to 297.5 points [1] - The "GUM MPF Fixed Income Fund Index" grew by 0.3% to 133.2 points [1] - The average gain per person in the MPF for January was HKD 11,085 [1] Market Insights - The Chief Investment Officer, Liu Jia-hong, noted that the demand for memory and semiconductors driven by AI development is strong in China, Japan, and South Korea, contributing to a robust growth momentum in the AI supply chain [1] - There is an expectation of a weakening US dollar, which is attracting funds into Asia [1] - Liu believes that global stock markets are in an upward trend, with Asian markets being the most attractive, followed by Europe, which is susceptible to changes in US-EU relations, as evidenced by recent trade disputes over Greenland [1] Asset Allocation Strategy - GUM's Strategy and Investment Analysis Director, Yun Tianhui, pointed out that the S&P 500's price-to-earnings ratio is approximately 27 times, indicating a relatively high level [1] - Unless US corporate earnings growth significantly exceeds expectations, there is limited upside potential for US stocks [1] - It is suggested that funds heavily invested in US equities should consider diversifying into lower-valued Asian or European funds [1]