MPF Rating: Hong Kong's net inflow of MPF funds in the third quarter was approximately HK$11.51 billion

The Zhitong Finance App learned that MPF Research Institute's Provident Fund Rating estimates that Hong Kong's net inflow of MPF funds for the third quarter of this year was about HK$11.51 billion, about 11.1% lower than the quarterly average of about HK$12.95 billion in the last 5 years, and about 3.8% lower than the third-quarter average of about HK$11.96 billion in the last 5 years. The estimated net capital inflow so far this year is approximately HK$37.16 billion, which is about 5.8% lower than the average of HK$39.45 billion in the first nine months of the past five years. Furthermore, at the end of September, total MPF assets and average account balances of 4.75 million members reached record highs of around HK$1.327 trillion and HK$2791,000, respectively.

According to MPF ratings, as members sold off US and Japanese equity funds after a sharp market adjustment in August, MPF conservative funds attracted the highest net inflow share in 5 years in the third quarter (about 63.6%), followed by global bond funds (about 40%).

The net capital outflow of US equity funds in August was approximately HK$1.83 billion, causing it to record its first quarterly net outflow in five years in the third quarter.

In the third quarter, Hong Kong and China Equity Funds recorded a net outflow of approximately HK$5.11 billion, which is equivalent to about 44.4% of the total net capital inflow. Among all fund classes, Hong Kong and China equity funds recorded the highest net outflows in the three quarters of this year.

On the positive side, the DIS fund promoted by the Hong Kong Provident Fund Council continues to attract significant financial support. The DIS Core Accumulation Fund and the After 65 Fund ranked third and fifth respectively in net capital inflows in the third quarter.