Core Viewpoint - Recent global risk appetite has increased, with significant net inflows into large-cap equity funds in the US and globally, while small-cap equity funds continue to experience net outflows [1] Group 1: Fund Flows - Large-cap growth equity funds in the US have seen substantial net inflows [1] - Global large-cap equity funds have also attracted considerable net inflows [1] - US fixed income funds recorded the highest net inflows, although the monthly inflow scale has decreased [1] Group 2: Market Trends - There is a notable trend of increased allocation to global risk assets [1] - Investment interest in emerging markets continues to rise [1] - Preference for large-cap stocks remains dominant in the current market environment [1] Group 3: Specific Fund Performance - QDII ETFs related to the Hang Seng Technology sector have received significant capital inflows [1] - The Hang Seng Index has experienced slight capital outflows [1]