Reading Time: 8 minutes GUM announces the MPF performance of July today. The GUM MPF Equity Index Fund experienced a slight decline of 0.3% in July, ending a 5-month consecutive rise. But the fixed income funds performed well, with all 8 fund categories recording positive returns. In July 2024, the average gain per member in the MPF was HK$ 1,160, with a total gain of HK$ 13,835 for the year.

For the asset allocation, GUM’s Strategy and Investment Analyst, Martin Wan, stated, “Given the increased volatility in the global stock markets, investors may consider increasing their allocation to fixed income funds in order to reduce the risk of their investment portfolio. Among fixed income options, the “MPF Conservative Fund” is a stable choice that can generate stable returns in a high-interest environment. Additionally, “bond funds” are also a good option, as bond prices are expected to rise with the approaching interest rate cut cycle, although investors should be aware that the volatility of bond funds may be higher than that of the “MPF Conservative Fund”.”