259 MPF funds hold HK$12.8b worth shares in HSBC and StanChart

The Tracker Fund of Hong Kong, an exchange-traded fund, has 7.89 percent of its portfolio in HSBC shares, while 259 MPF funds have invested 1.5 percent of total assets, or HK$12.8 billion in HSBC and Standard Chartered Bank shares, the Secretary for Financial Services and the Treasury, Christopher Hui, said.

The Tracker Fund invests in 50 constituent stocks of the Hang Seng Index. As of May 20 this year, the investment in HSBC shares accounted for 7.89 per cent of the portfolio value of TraHK. As at end of April this year, the 1-month and 3-month return of TraHK were 4.4 percent and -6.4 percent respectively, Hui said. 
According to the information provided by the Mandatory Provident Fund (MPF) scheme trustees, as at end of March this year, there were 259 MPF funds investing in the shares of HSBC and Standard Chartered Bank, amounting to HK$12.8 billion, or 1.5 percent of the total MPF assets, he said, in response to a question by Luk Chung-hung, on the  percentages of the stocks of the two banks in the investment portfolios of the Exchange Fund and the Tracker Fund of Hong Kong, and the Mandatory Provident Fund schemes and occupational retirement schemes whose investment portfolios comprise the stocks of the two banks.-The Standard