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GUM: MPF Net Switching Out 5B in Funds from Greater CN/ HK Equity Funds in Sep
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MPF consultant GUM released the MPF market analysis report for September 2024. During the month, the asset classes with the highest net switching out included 'Hong Kong Equity Funds (index tracking)', 'Hong Kong Equity Funds' and 'Greater China Equity Funds'. In September, there was a continued net switching out of 5 billion in funds from Greater China or Hong Kong equity funds, Martin Wan, GUM's Strategy and Investment Analyst, said. However, after China launched a series of economic stimulus measures in September, market sentiment was significantly boosted. The HSI surged by 4,000 points, reaching 23,000, with trading volume exceeding 500 billion. The market generally believes that this round of trading included participation from northbound capital, foreign investors and local investors. Members should manage their MPF account from a long-term asset allocation perspective, rather than making trading decisions based on short-term volatility, Wan added. Instead, members should carefully consider whether there have been fundamental changes in the fundamentals of China and Hong Kong market, such as fundamental shifts in central government policies on real estate, the coordination of fiscal and monetary policies, etc.. If it is difficult to make a judgment, it may be better to continue diversifying risks across different stock regions. AAStocks Financial News |
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