Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report
Hong Kong’s Mandatory Provident Fund (MPF) recorded a loss in September but still made overall gains of nearly HK$100 billion (US$12.8 billion) over the first nine months of the year, according to data from MPF Ratings released on Wednesday. The 382 investment funds under the MPF schemes delivered a 6.2 per cent average return in the first nine months, despite losing 1.47 per cent in September,…
The Mandatory Provident Fund (MPF) in Hong Kong has seen a significant gain of nearly HK$100 billion over the first nine months of the year, despite recording a loss in September, according to data from MPF Ratings. The 382 investment funds under the MPF schemes delivered an average return of 6.2%, despite a 1.47% loss in September.
The total MPF assets stood at HK$1.68 trillion as of the end of September, reflecting investment gains and ongoing member contributions. Francis Chung, chairman of MPF Ratings, urged investors to maintain their long-term investment views and not worry too much about short-term market volatility.
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