MPF back in black for September

04 October 2013   Category: News, Hong Kong   By Asia Asset Management

As a result of the US Fed pushing back the withdrawal of quantitative easing, the average return of Hong Kong’s Mandatory Provident Fund (MPF) turned to the black in September with average returns of 4.18%, up from a loss of 0.84% in the previous month. The MPF’s accumulated return for the first nine months of this year was 5.34%, according to a report from fund consultancy Lipper. 
Japan equity-related funds were the best performing mandates between January and September with accumulated returns of 28.99%. Next best were pharmacy & health sector equity and US equity mandates, which delivered accumulated returns of 20.62% and 19.06%, respectively. 
Among the 458 MPF products on the market, the AIA MPF Prime Value Choice-Equity fund topped its peers for the first nine months to secure a return of 34.54%. This was compared to the fact that about 16% of MPF products suffered negative returns during the same period.