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GUM: 2024 Total MPF Assets Drop 0.5% to $1.29T
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GUM released the December 2024 MPF market analysis report, which shows that total MPF assets declined by 0.5% to $1.29 trillion as of 31 December 2024. In 2024, MPF members primarily directed their funds into equity funds. In the second and third quarters, the Fed's interest rate cuts, combined with an August surge in JPY short-covering, led to stock market adjustments, attracting funds toward fixed-income funds. In 4Q24, net inflows into equity funds were approx. $3.46 billion, largely from outflows from mixed-asset funds of around $2.34 billion, while fixed-income funds saw a slight outflow of about $1.12 billion. AAStocks Financial News |
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