GUM: Total assets of the Hong Kong Mandatory Provident Fund market rose by 1.3% to HK$1.45 trillion in July.

Trillions of MPF Consultant GUM published the market analysis report for July 2025. As of July 31, the total assets of the Trillions of MPF market in Hong Kong rose by 1.3% to HK$1.45 trillion. In terms of market share, Manulife led with a 27.3% share, followed by HSBC (18.1%) and AIA (11.0%) in second and third place. GUM Director of Strategy and Investment Analysis John Yuen pointed out that in July, Hong Kong and US stocks hit new highs, with US funds seeing net inflows of HK$1.3 billion. On the other hand, Hong Kong funds (tracking the index) recorded net inflows of HK$500 million, with members showing a preference for index-tracking Hong Kong funds over actively managed ones. Additionally, conservative funds saw net outflows for the first time this year, amounting to approximately HK$600 million, due to factors such as the decline in HIBOR rates and expectations of interest rate cuts.