Table 1: Overall performance of MPF and average return in May Half-Month (as of 15 May 2024)
| Index | Value | Returns for May 2024 (Half-Month) | 2024 YTD Return |
| GUM MPF Composite Index | 237.96 | 3.3% | 5.6% |
| GUM MPF Equity Fund Index | 319.65 | 4.9% | 8.9% |
| GUM MPF Mixed Asset Fund Index | 240.33 | 2.9% | 4.5% |
| GUM MPF Fixed Income Fund Index | 126.35 | 0.4% | 0.6% |
| Average MPF Gain/Loss Per Member Note 1 (HK$) | +8,099 | +13,548 | |
Table 2: Performance of MPF Sub-Category Funds Index with Top 2 Assets Under Management (AUM) in Each Category (as of 15 May 2024)
| Category | Sub-category Fund Index | Returns for May 2024 (Half-month) | 2024 YTD Return |
| Equity Fund | United States Equity Fund | 4.2% | 9.8% |
| Hong Kong Equity Fund | 7.2% | 10.3% | |
| Mixed Asset Fund | Mixed Asset Fund (>80-100% Equity) | 3.8% | 7.3% |
| Mixed Asset Fund (>60 – 80% Equity) | 3.2% | 5.1% | |
| Fixed Income Fund | MPF Conservative Fund | 0.1% | 1.4% |
| Guaranteed Fund | 0.7% | 0.7% | |
| Default Investment Strategy (DIS) Fund | DIS Core Accumulation Fund | 2.6% | 4.4% |
| DIS Age 65 Plus Fund | 1.4% | 0.2% |
As of 15th May:
- In May (Half Month), “GUM MPF Composite Index” experienced a 3.3% increase, with an average per-member gain of HKD $8,099 and a YTD total gain of HKD $13,548.
- “GUM MPF Equity Fund Index” showed the strongest performance growth by 4.9% in May, while “GUM MPF Mixed Asset Fund Index” and ” GUM MPF Fixed Income Fund Index” also had positive returns YTD, increasing by 2.9% and 0.4% respectively.
- “Hong Kong Equity Fund” rose by 7.2% in May, contributing to the strong performance of MPF equity funds. In addition, “US Equity Fund” also rebounded 4.2% after April’s adjustment.
- Despite US inflation remaining at 3.4% in April, Federal Reserve Chairman Powell’s comments on maintaining high interest rates for a longer period, while expressing an unlikely scenario of a rate hike, contributed to a recovery in bond funds.
- “MPF Conservative Fund” maintained stable returns, with a 0.1% gain in May and a YTD return of 1.4% in 2024.
- “Default Investment Strategy (DIS) Fund” benefited from the rise in stock and bond markets. “Core Accumulation Fund” increased by 2.6% in May, with a YTD return of 4.4%. “Age 65 Plus Fund” rose by 1.4% in May, with a YTD return increase of 0.2%.
Note:
- Calculation based on total MPF assets HKD 1,184,728 million as of April 30 2024, and total MPF Scheme members 4,754,000 as of 31 December 2023. The latest average assets per member was HK$249,207 as of 30 April 2024. Return of GUM MPF Composite Index is as of 15 May 2024.
*The growth of all fund categories indexes is calculated by asset-weighted point-to-point growth. The data for May 2024 return is summarized from 1 May to 15 May 2024.
中文版本：
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About GUM
GUM is a boutique consulting firm that provides solutions to corporate on MPF and employee benefits. We focus on people and that is why we put “U” in the very core of our brand “GUM”. Our priorities are always meeting the needs of our corporate clients and their employees, our strategic partners as well as all MPF members of Hong Kong. With our vast market experience and expert teams around actuarial, investment and employee communication, GUM leads the market to innovate, walking hand in hand with our clients to go faster and further.
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This document provided the information on an “AS IS” basis. The Company undertakes no obligation to update any of the information contained in this document. Some information contained in this document contains forward-looking statements. The words “believe”, “expect” and similar expressions are also intended to identify forward-looking statements. These forward-looking statements are not historical facts. Rather, these forward-looking statements are based on the current beliefs, assumptions, expectations, estimates, and projections of our management. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Consequently, actual results could differ materially from those expressed, implied or forecasted in these forward-looking statements. Reliance should not be placed on these forward-looking statements.