Insurance companies dominate MPF’s latest fund flow data

16th June 2021

MPF members continue to show confidence in equities

MPF Ratings’ May MPF Asset Class Fund Flows Summary has now been uploaded to MPF Ratings’ media education portal.

Key points are as follows:

  • MPF saw $3.934bn in net inflows in May to reach an asset size of $1.216tr, an end of month all-time record (See Table 1), the equivalent of an all-time record high of average MPF account balance of $267,728 per member.
  • Largest inflows: HK & China Equity Funds attracted 25.1% of MPF’s net inflows in May, followed by Global Equity Funds with 20.2% of MPF’s net inflows (See table 1).
  • Largest outflows: MPF Conservative Funds and Guaranteed Funds accounted for -8.9% of May’s net flows (See table 1).
  • DIS Funds, which accounted for 6.3% of total MPF assets, continued to record large inflows receiving 22.9% of total net inflows in May (See table 1).
  • Manulife and Sun Life were the biggest MPF scheme sponsor winners in May, attracting almost 82% of MPF’s net inflows. (See Table 2).
  • Sun Life’s MPF Hong Kong Equity Fund and Greater China Equity Fund attracted the largest share of inflows at a fund level and accounting for 19.9% of net inflows in May (See Table 3).

MPF Ratings Ltd, Hong Kong’s independent Mandatory Provident Fund (MPF) research specialist today released their May MPF Asset Class Fund Flows Summary with the highlights being MPF members’ ongoing confidence in equities and the ongoing strength of insurance companies within MPF.

When releasing MPF Ratings’ monthly MPF Asset Class Fund Flows Summary, Francis Chung (叢川普), Chairman of MPF Ratings highlighted the ongoing confidence MPF members have in equities and the ongoing dominance of Sun Life and Manulife as key points of interest. 

Confidence in equities

“Hong Kong and China equity funds and global equity funds accounting for 45.2% of MPF’s May total inflows for May demonstrates an ongoing confidence MPF members have in equity markets.”

The dominance of insurance companies

“Sun Life and Manulife attracted almost $82 for every $100 invested across a diverse range of funds.  82% share of net inflows reflects a dominant position which was once held by the banks, but by leveraging their distribution and offering a wider selection of investment fund choices, Sun Life and Manulife have been able to retain assets, and also attract new assets and members.”

Table 1:  MPF Assets ranked by 1-Month Fund Flows as at 31 May 2021 (by Fund Types)

Source: MPF Ratings

Table 2:  MPF Assets ranked by 1-Month Fund Flows as at 31 May 2021 (by MPF Scheme Sponsor)

Source: MPF Ratings

Table 3: Top 10 Net Inflow Winners for May 2021

Source: MPF Ratings

Scroll to Top
Thank you! Your subscription has been confirmed. You'll hear from us soon.
Subscribe to the MPF Ratings newsletter