Friday, December 19, 2014   

MPFA to seek public views over core fund
(06-24 16:04)

The Mandatory Provident Fund Schemes Authority has launched a consultation on the introduction of a core fund to keep fees lower. The consultation will last three months until September 30.
According to the recommendation, the core fund should be good value, in particular, the fees for the core fund should be 0.75 percent of assets per annum or under, and in the medium
term, the fund expense ratio for the core fund should be kept
at or under 1 percent. The use of passive investment strategies will help make low cost and low fee outcomes more achievable.
All MPF scheme members are free to choose the core fund, if
they consider that the investment strategy and the low fees of
the core fund suit their personal needs, the consultation paper said.
The MPFA seeks to launch the fund in 2016.
   
Other Hong Kong breaking news:
(SHKP trial) Thomas Kwok steps down as chairman (1 hr 34 mins ago)
(SHKP trial) Two middlemen detained after convicted (2 hrs 8 mins ago)
(SHKP trial) Verdicts for high profile bribery case of Rafael Hui, Kwok borthers (2 hrs 23 mins ago)
(SHKP trial) Rafael Hui: from top official to convicted (2 hrs 42 mins ago)
(SHKP trial) Billionaire brothers at heart of trial (2 hrs 47 mins ago)
(SHKP trial) ICAC remains unbiased in investigations (12-19 17:13)
(SHKP trial) Jurors exempted from jury duty in five years (12-19 17:00)
(SHKP trial) Raymond Kwok thankful his name cleared (12-19 16:42)
(SHKP trial) Alan Leong calls for improvement in vetting and disclaration system (12-19 16:35)
(SHKP trial) 'Black eye' for Hong Kong: analyst (12-19 16:32)

More breaking news >>

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