Skip to main content
February 2025
CURRENT ISSUE
AAM Magazine
February 2025
Back to news

Hong Kong’s MPF posts 8.6% investment return in “favourable” 2024

MPF
By Hui Ching-hoo   
January 14, 2025

Hong Kong’s Mandatory Provident Fund (MPF) investments had a “favourable” 2024 with a “good” return of 8.6% driven by equity funds, more than double the 3.4% earned in the prior year.

Equity funds, which account for 45% of total MPF assets, returned 15.3% while mixed asset funds, the second-best performer, trailed with a return of 7.3%.

Ayesha Macpherson Lau, chairman of the Mandatory Provident Fund Schemes Authority, the MPF industry supervisor, announced the figures in a blog post published on the MPF’s website on January 12.

She criticised early estimates published by several investment consulting as having led to a “confusing array of information”, saying that “the overall performance of the MPF was good”.

She reminded MPF members not to try to predict future market trends, urging them to focus instead on diversifying investments to mitigate potential risks and impacts amid market volatility.

“Although the overall performance of MPF last year was favourable, attempts to predict the future market trend would prove to be futile,” she warns.

Lau also says the MPFA continues to review and refine regulations of fund investments to further expand the scope of permissible asset classes.

As an example, she pointed to the MPFA’s decision to allow investments in China-listed real estate investments trusts and to lift limits on REIT investments in Singapore, Japan, Canada, France and the Netherlands after completing a review last year.

The MPF had around HK$1.3 trillion (US$166.4 billion) of assets as of end-December, up from HK$1.14 trillion in 2023.