Hong Kong MPF returns 6.2% in first three quarters, average member gains HK$20,287
Hong Kong's Mandatory Provident Fund (MPF) saw a 6.2% return in the first three quarters of 2026, with the average member earning HK$20,287, according to consultant GUM. Asian equity funds led with 24.3% returns, while Hong Kong equity funds posted a 3.8% loss.
Mandatory Provident Fund (MPF) consultant GUM reported that the MPF composite index rose 6.2 per cent in the first three quarters of 2026. Within this period, the equity fund index gained 8.3 per cent, the mixed-asset fund index rose 6.9 per cent, and the fixed-income fund index increased 0.4 per cent.
In the third quarter alone, the MPF composite index rose 0.5 per cent, marking the second consecutive quarter of positive returns. The average MPF member earned HK$1,762 in the third quarter, bringing the cumulative gain for the first three quarters to HK$20,287.
Asian equity funds delivered the strongest performance among asset classes, with a 24.3 per cent return in the first three quarters. GUM attributed this to robust demand for artificial-intelligence infrastructure, memory chips and semiconductors. However, returns moderated in the third quarter after AI valuation concerns triggered a pullback in semiconductor stocks in July.
Hong Kong equity funds were the worst-performing category, posting a negative 3.8 per cent return in the first three quarters. However, they rebounded strongly in the third quarter with an 8.3 per cent gain, making them the best-performing fund category in that period.
Fund switching in the first eight months of 2026 reached approximately HK$49.8 billion, with GUM projecting a full-year total of HK$74.7 billion. That would represent an increase of more than 25 per cent year-on-year, the highest in five years. GUM said the rise was driven by all MPF schemes gaining access to the e-Platform, making switching easier, and by widening return gaps between asset classes prompting more members to actively manage their MPF.