Hong Kong's MPF assets hit HK$1.5 trillion after record gain in first 9 months
The outlook remained positive as the US Federal Reserve was expected to continue cutting the key interest rate, while the earnings of hi-tech firms continued to expand, Chung said.
No category of MPF funds suffered a loss in the first nine months, but the poorest performer was the money market fund. Photo: Jelly Tse alt=No category of MPF funds suffered a loss in the first nine months, but the poorest performer was the money market fund. Photo: Jelly Tse>
"However, as the market has reflected these positive factors, MPF members would need to be prepared for possible market adjustments," he added.
"MPF's 25th year of operation is delivering numerous milestones, all of which will leave a positive retirement legacy for all of Hong Kong," said Francis Chung, chairman of MPF Ratings.
However, he urged MPF members not to blindly believe that the market would always go up.
"We warn members against complacency. Our message to MPF members is to remain well diversified and invest for the long term," Chung said.
He said for those who did not know how to invest, the default investment strategy fund (DIS), which automatically switches investments between stocks and bonds according to age-based risk profiles, would be the best choice.
The DIS with higher stock exposure reported a gain of 11.6 per cent in the first nine months and 4 per cent in the third quarter, while the DIS with higher bond investments gained 5.2 per cent and 1.3 per cent, respectively, the MPF Ratings data showed.
No category of MPF funds suffered a loss in the first nine months, but the poorest performer was the money market fund, which only invests in bank deposits, with a 1.7 per cent gain. However, in the third quarter, global bond funds lost 0.4 per cent while the Hong Kong dollar market funds lost 0.1 per cent, MPF Ratings said.
This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.
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