GUM: Hong Kong's MPF Dropped in November, with an Average Loss of HK$4042 per Person in the First Half of the Month.

Trillions of MPF consultant institution GUM stated that as of November 18, 2025, the Hong Kong Trillions of MPF market experienced an adjustment in November, with the overall performance shifting from an increase to a decrease. According to the GUM Trillions of MPF Composite Index, a return of -1.3% was recorded in November, with the index standing at 281.3. Despite short-term market fluctuations, the Trillions of MPF has still accumulated a 14.7% increase since the beginning of the year, maintaining overall stability. In terms of per capita returns, an average loss of HK$4,042 was recorded in the first half of November, bringing the cumulative return for the year to HK$40,155. GUM pointed out that the recent adjustment was mainly influenced by global stock market trends, changes in interest rate expectations, and investor sentiment towards the economic outlook, with short-term fluctuations being a normal market reaction. GUM stated that despite the decline in November, the overall annual performance of the Trillions of MPF remains positive, largely benefiting from strong gains in major global markets earlier in the year, and some asset categories showing improved performance under a better policy environment. The institution reminded that the Trillions of MPF is a long-term retirement savings tool, and members should avoid frequent changes to their investment portfolios due to short-term fluctuations. GUM recommended that members regularly review their asset allocation strategies based on their risk tolerance and retirement planning goals to balance short-term market fluctuations with long-term growth potential. Additionally, diversifying investments moderately across different regions and asset categories can help improve portfolio stability and reduce the impact of changes in a single market.