Hong Kong's Trillions of MPF advisory company GUM announced that the Trillions of MPF market continued its upward trend after a rebound in April, but the overall momentum is turning moderate. The GUM Trillions of MPF composite index rose by 1.1% in the month, reaching 301.6, further expanding the year-to-date return to 5.3%. In terms of per capita return, a profit of HK$3682 was made in May, with a cumulative return of HK$17424 year-to-date. The trends of the three major asset classes are slightly diverging. Equity funds continued to record positive returns, rising by 1.6% in May, with a year-to-date increase of 7.1%, still the main driver of overall returns; mixed asset funds also rose by 1.1%, with a year-to-date return of 6%; fixed income funds saw a slight decline of 0.1%, reflecting the gradual impact of interest rates and exchange rate factors. GUM's Chief Investment Officer, Lau Ka Hung, pointed out that Asian funds continue to lead under the support of the AI industry chain, widening the gap in returns with other regions in May, with a year-to-date return exceeding 22%.