MPF assets up nearly 4pc to over $1.3t in first quarter

Hong Kong’s Mandatory Provident Fund Schemes saw its total assets grow nearly 4 percent to HK$1.34 trillion during the first quarter of the month, with the stock market rally helping improve returns.

Total assets as of March were up by 125 percent from ten years ago, according to the Mandatory Provident Fund Schemes Authority. However, growth in December 2024 stood at 128 percent.

Since the inception of the MPF System in 2000, MPF equity funds and mixed assets funds – which together accounted for nearly 80 percent of total MPF assets – on average registered annualized net returns of 4.5 and 4.0 percent respectively as of March. The returns of equity funds had increased from a 4.3 percent rise seen last December.

This came as Hong Kong’s market benchmark Hang Seng Index rebounded 15 percent during the first quarter.

Though the total number of scheme members has remained unchanged at 4.79 million, the number of registered employers and employees declined by about 3.3 percent and 0.3 percent to 356,000 and 2.64 million respectively.

STAFF REPORTER