Trillions of MPF consultant company GUM announced that in March, the overall loss of Trillions of MPF was 6.3%, with average returns turning from profit to loss. At the end of February, the average profit per person was 14,813 Hong Kong dollars, but in March, due to the US-Iran conflict, the average loss per person for the month was 21,334 Hong Kong dollars. In the first quarter of this year, Trillions of MPF fell by 2% overall; stock fund index fell by 3.3%; mixed asset fund index fell by 1.5%; fixed income fund index rose by 0.2%; with an average loss per person of 6,521 Hong Kong dollars. In March alone, among the three main indexes, the stock fund index fell by 8.2%; mixed asset fund index fell by 6.9%; fixed income fund index dropped by 0.5%. Looking back at the first quarter, the first two months saw impressive returns for Trillions of MPF, with the continuous development of AI boosting demand for storage and semiconductors, leading to Asian stock funds continuously leading the way; coupled with market expectations of a weakening US dollar, attracting funds to flow into Asia, Asian stock funds once broke through a 15% increase for the year. However, the escalation of tensions between the US and Iran in March, along with blockages in the Strait of Hormuz affecting the global supply chain, led to substantial volatility in global financial markets; Asia's reliance on energy imports caused Asian stock funds to suffer heavy losses. In March, Trillions of MPF saw a widespread decline in all funds except conservative funds. With the US-Iran reaching a two-week ceasefire agreement and the temporary reopening of the Strait of Hormuz, it is believed that the market will improve. GUM's Chief Investment Officer, Liu Jiahong, stated that the company's outlook on the development of the US-Iran situation is cautiously optimistic. With the current temporary easing of tensions, for those who prefer high-risk assets, they may consider global stock funds, which can diversify regional risks and help hedge against the trend of funds shifting towards "non-US assets", making it a relatively stable choice among high-risk funds. Additionally, he is optimistic about the continued strength of the Renminbi, which is favorable for China-Hong Kong or Greater China stock funds. GUM's Director of Strategy and Investment Analysis, Yun Tianhui, noted that based on past data, members often make switches during market panic; however, during market rebounds, there has been no significant influx of funds into stock funds, leading to missed opportunities. Given that Trillions of MPF is for long-term investment, members are advised to avoid emotional panic selling or blindly chasing highs during rebounds.