MPF Ratings: Q2 Net Inflows HK$12.05bn — HSBC & Sun Life Biggest Winners

Hong Kong, 19 July 2026 — MPF Ratings has released its Q2 2026 MPF Asset Class Fund Flows Summary. The MPF system attracted estimated net inflows of approximately HK$12.05 billion in Q2 2026 — 9.41% higher than Q2 2025 and only 2.3% below the 5-year historical quarterly average of HK$12.33 billion.

US Equities Dominate Net Inflows at 78%

US equities attracted over 78% of MPF’s net inflows in Q2, while Conservative Funds suffered 46% in net outflows, as MPF members appeared to ride the AI and technology wave. Asian equities remained the best-performing asset class for both the quarter and first half of 2026.

HSBC and Sun Life — Biggest Fund Flow Winners

Francis Chung (叢川普), Chairman of MPF Ratings, highlighted HSBC and Sun Life as the biggest net-inflow winners, with both attracting shares of net-inflow significantly higher than their overall market share. Meanwhile, the Manulife MPF North American Equity Fund topped the Constituent Fund net-inflow table with over HK$1.88 billion in net inflows for the quarter.

DIS Funds Remain Well Supported

The Default Investment Strategy (DIS) funds continued to be well supported, receiving over 40% of net inflows this quarter. At the end of June, the MPF system recorded Q2 and year-to-date gains of 7.81% and 5.67% respectively, with total MPF assets at approximately HK$1.67 trillion, equivalent to an average account balance of HK$347,500 for 4.79 million MPF members.

💡 Note: MPF is a long-term investment. Members are advised to review their portfolios regularly and adjust allocations according to their personal risk tolerance.