Hong Kong MPF equity fund returns 10.3 per cent over 12 months, regulator says
Hong Kong's Mandatory Provident Fund Authority reported a 10.3 per cent average return for the equity fund in the year to September 2026, with top performers exceeding 98 per cent and the worst losing 15.7 per cent. The regulator urged members to avoid short-term market timing.
The equity fund of Hong Kong's Mandatory Provident Fund (MPF), which accounts for nearly half of the pension fund's total net assets, posted an average return of 10.3 per cent in the 12 months through September, according to provisional figures released by the Mandatory Provident Fund Authority (MPFA) on Tuesday. The best-performing fund logged a return of more than 98.4 per cent over the period, while the worst suffered a 15.7 per cent loss.
The mixed assets fund, which makes up 34 per cent of fund assets, recorded an average gain of 8.5 per cent over the same 12 months. The core accumulation fund under the default investment strategy, commonly referred to as "funds for lazy people," posted an average annualised net return of 9.5 per cent.
Since the MPF system's inception, the equity fund and mixed assets fund have registered average annualised net returns of 5.1 per cent and 4.7 per cent, respectively. These figures outperformed the annualised inflation rate of 1.8 per cent over the same period, the regulator said. The core accumulation fund has achieved an average annualised net return of 7.1 per cent since its launch in 2017.
The MPFA reminded scheme members that MPF is a long-term investment spanning more than 40 years. It advised members to avoid adopting a short-term investment approach in managing their MPF or attempting to time the market, warning that such strategies could lead to "buying high, selling low" and adversely affect investment returns.