Each mandatory provident fund scheme member earned around HK$10,900 on average in September, with Hong Kong and mainland China equity funds leading the gains in the period, MPF Ratings said.
MPFR All Fund Performance Index was up 3.56 percent for September, lifting third-quarter returns to 6.41 percent and year-to-date gains to 15.83 percent — the strongest performance for the first nine months of a year since 2009, according to MPF Ratings, a Hong Kong independent provider of MPF research.
September’s investment gain was HK$52.5 billion, or HK$10,942 per MPF’s 4.79 million members. That brought third-quarter investment gains to HK$19,150 per member, and year-to-date gains to HK$43,225 per member.
Hong Kong and China equity funds continued to outperform, returning 8.47 percent in September. Their third-quarter and year-to-date returns reached 15.85 percent and 37.28 percent, respectively, the third-best nine-month performance in MPF history and the strongest since 2009.
Francis Chung, chairman of MPF Ratings, said that MPF has reached an all-time record size of approximately HK$1.53 trillion on the back of an all-time record HK$207 billion in investment earnings.
STAFF REPORTER
