HK$8,456 loss in July for each MPF member

Each member of mandatory provident fund schemes lost HK$8,456 on average in July, Gain Miles said.

As of end-July, the Gain Miles MPF Composite Index fell 3.1 percent to 262 points.

Gain Miles MPF Equity Fund Index fell by 6 percent. Gain Miles MPF Mixed Asset Fund Index fell by 1.6 percent.

Gain Miles MPF Fixed Income Fund Index inched up by 0.1 percent. So far this year, each member has gained HK$4,809.