In June of last year, Sun Life launched three MPF funds involving global low-carbon indices, U.S. and European stocks. Pan Jihong, General Manager of Sun Life Financial Wealth and Retirement Business in Hong Kong, said that to celebrate the first anniversary of the establishment of the fund, they have launched selected funds with preferential management fee discounts to repay customer support, while embodying the company's commitment to promoting sustainable investment.
Yan Jianhua, CEO of Sun Life Asset Management (Hong Kong), said that since the launch of the three MPF funds, they have been well received by MPF members. As of May 31st, the total size of the funds has reached nearly HKD 7 billion. From the beginning of this year to June 14th, the global low-carbon index and European stocks funds have returned over 8%, and the U.S. stock fund has returned about 14%.
Gong Wei-yi, Chief Investment Strategist of Sun Life Asset Management (Hong Kong), suggested that MPF members adopt the "4+1 strategy", which includes investing in Hong Kong stock funds, U.S. stock funds, global bond funds, and global low-carbon index funds. In the second half of the year, they still prefer U.S. stocks, because the fundamentals and corporate earnings performance are ideal. In the latest quarterly performance, over 80% of the constituent stocks in the S&P 500 Index have outperformed market expectations, and it is expected that the earnings per share growth of the technology sector will increase by about 25% in the next 12 months, and corporate earnings momentum will continue to support the performance of U.S. stocks.
As for Hong Kong stocks, she holds a neutral and optimistic view because of the cheap valuations. If there is any bullish policy news from the Third Plenum in July, it may boost Hong Kong stocks.