Core Insights - The overall MPF market remained stable in February 2026, with the GUM MPF Composite Index slightly increasing by 0.1% and a year-to-date growth of 3.5% [1] Fund Performance - Mixed asset funds performed well, recording a 0.8% increase in February, while fixed income funds saw a modest growth of 0.3% [1] - Conversely, the stock fund index experienced a slight decline of 0.5% in February, although it maintained a positive year-to-date growth of 4.3% [1] Member Returns - The average return per member in February was positive at 336 HKD, with a cumulative increase of 11,421 HKD year-to-date [1] - Overall, the MPF market in February 2026 showed resilience, with most fund categories achieving positive growth [1] Regional Performance - Stock funds faced some regional disparities due to underperformance in areas like Hong Kong and the United States, while Japanese and Asian region funds showed strong performance [1] - Mixed asset funds continued to provide stability, serving as an important buffer in volatile market conditions, while fixed income funds offered consistent low-risk returns [1]

Group 1 - The total assets of Hong Kong's Mandatory Provident Fund (MPF) market increased by 3.8% to HKD 1.39 trillion as of May 31 [1] - After three months of significant net inflows into low-risk assets and outflows from high-risk assets, the fund conversion activity in May became calmer, with a net inflow of approximately HKD 440 million into equity funds and a net outflow of HKD 370 million from fixed income funds [1][2] - The top five asset categories with the highest net outflows in May were "Global Bond Funds," "Mixed Asset Funds (80%-100% Equities)," "Greater China Equity Funds," "Other Equity Funds," and "Mixed Asset Funds (60%-80% Equities)" [1] Group 2 - The top five asset categories with the highest net inflows in May were "Pre-set Investment Strategy - Core Accumulation Fund," "US Equity Funds," "European Equity Funds," "MPF Conservative Funds," and "Hong Kong Equity Funds (Index Tracking)" [2] - Year-to-date, the Hong Kong and European stock markets have outperformed, while the US stock market has lagged behind, with a cautious attitude towards Hong Kong stock funds [2] - As of the end of May, Manulife held the largest market share at 27.4%, followed by HSBC at 18% and Sun Life at 10.9%, with the top five providers accounting for over 73.1% of the MPF market [2]