GUM releases its May analysis report on the MPF market. As of May 31, total assets in the MPF market increased by 2.4% to HKD 1.21 trillion. In terms of market share, Manulife (00945.HK) ranked first with a share of 27.8%, while HSBC (17.7%) and AIA (10.9%) continued to rank second and third. Together with the fourth and fifth-ranked BOC Life (01299.HK) (9.1%) and China Life (7.3%), the top five suppliers accounted for over 72% of the MPF market.

From the beginning of the year to May, the market share of Manulife and HSBC increased more significantly, with Manulife's market share rising by 0.17%, mainly driven by inflow of capital. While HSBC's market share rose by 0.08%, mainly driven by investment returns. The market share of AIA and BCT UnionPay declined more, by 0.13% and 0.1% respectively.

In terms of capital trend, GUM's strategist and investment analyst Yun Tianhui pointed out that as of May, the recorded capital inflow into US fund was approximately HKD 9.6 billion, nearly approaching the total inflow into US funds for the whole of last year. Except for April, US funds were the most attractive asset category in other months this year, reflecting members' confidence in US stocks. On the other hand, 'fixed income funds' recorded net inflows for two consecutive months, indicating that some members have begun to adopt a more conservative investment approach. As the MPF is a long-term investment plan, members should appropriately diversify risks to avoid overconcentration in a single market in order to balance returns and risks.