Core Insights - The total assets of the Mandatory Provident Fund (MPF) market in Hong Kong increased by 1.8% to HKD 1.48 trillion as of the end of August [1] - There was a net inflow of HKD 2.02 billion into stock funds in August, while mixed asset funds and lower-risk assets experienced net outflows of HKD 150 million and HKD 1.87 billion, respectively [1] - A total of HKD 3 billion flowed into stock funds over July and August [1] Fund Inflows - The top five asset categories with the highest net inflows were "US Stock Funds," "Pre-set Investment Strategy - Core Accumulation Funds," "Hong Kong Stock Funds (Index Tracking)," "Global Stock Funds," and "Japanese Stock Funds" [1] - The US Stock Funds, DIS Core Funds, and Hong Kong Stock Funds (Index Tracking) have consistently been the top three categories for net inflows for two consecutive months, maintaining the same ranking as in July [1] Fund Outflows - The top five asset categories with the highest net outflows were "MPF Conservative Funds," "Mixed Asset Funds (80% to 100% Stocks)," "Guaranteed Funds," "Mixed Asset Funds (60% to 80% Stocks)," and "Other Stock Funds" [1] - The trend indicates a shift in investment attitudes, with members becoming more aggressive in their allocations towards stock funds [2] Market Sentiment - The investment sentiment has shifted positively, with members increasingly allocating funds to US and Hong Kong stock funds, reflecting a recovery in confidence towards the Hong Kong market influenced by the strong performance of the Hang Seng Index [2] - In August, US stock funds recorded a net inflow of HKD 920 million, indicating a gradual return to US stock funds after significant outflows earlier in the year [2] - Hong Kong stock funds (index tracking) saw a net inflow of HKD 820 million, suggesting a renewed confidence among members [2]

对于踏入40岁、希望在强积金投资方面迎头赶上的成员，他建议：40岁的成员在退休规划旅程上其实只 走了一半，距离65岁退休仍有约20年时间，绝对有空间追回进度。此阶段的理财策略应更积极，成员应 密切留意环球市场走势，并至少每半年检视一次自己的投资组合，根据风险承受能力及市场变化作出适 时调整。 此外，他建议：成员亦可考虑作出自愿性供款，透过"雪球效应"及"平均成本法"逐步累积资产。只要策 略得宜，持之以恒，强积金不仅是基本保障，更可成为稳健的退休储备工具。 BCT业务定位及客户方案高级总监王玉麟表示，7月的 AQUMON MPF(法定强制性退休计划)"综合基金 指数+通胀指数"继5及6月的升势后再接再厉，达到0.81%的正回报，显示市场持续回稳，成功打破 了"五穷六绝"的负面预期。尽管7月回报相对较低，但整体仍属"七翻身"的表现。市场三连升，印证投 资者若采取长线策略部署，不受短期波动影响，更有机会实现稳健回报。 根据香港积金局于今年7月公布截至2024年年底的数据，累积资产达100万港元或以上的强积金帐户已突 破12.5万个，较5年前的6.3万个几乎倍增，充份反映强积金具备稳健的长线增值潜力，越来越多市民积 ...

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]