Assets were up 3.6% from the previous record of HK$1.554 set at the end of last year when global stock markets rallied on the back of the artificial intelligence boom.
There are more than 20 categories of MPF funds.
The index-tracking Hong Kong equity fund and Hong Kong equity fund categories saw the highest net outflows of HK$1.81 billion and HK$1.03 billion, respectively, last month, GUM says in a statement on January 13.
The pullout occurred in spite of the fact that the benchmark Hang Seng Index rose another 3.98% in January, extending its 17.8% gain from 2025.
MPF members switched out of the equity funds into the retirement scheme’s default investment strategy (DIS) funds last month, suggesting that some “are inclined to gradually lock in profits during market rallies, or are diversifying their allocations”, according to Martin Wan, strategy and investment analytics director at GUM.
Contributions of MPF members who don’t actively make investment decisions are automatically channelled into two DIS funds, though risk-averse members can also opt for the default strategy.
Last month, the Core Accumulation Fund of the default strategy attracted the largest inflow of HK$931 million. The MPF’s conservative fund category drew the second largest inflow of HK861 million.
