April rebound for MPF, but four-month losses at HK$14,829Business | 8 May 2020 2:21 pm
Gain Miles said returns for the Mandatory Provident Fund in April was 5.5 percent and each member earned HK$10,934 on average.
Among three major indices, the share fund index gained by 7.8 percent; the mixed assets fund index increased by 6.3 percent, and the fixed return fund index grew by 0.5 percent.
For the first four months this year, the Gain Miles MPF composite index fell by 6.8 percent. A member lost HK$14,829 on average.
The group says global markets were volatile mainly due to Sino-US tensions and the coronavirus pandemic.