Hong Kong’s Mandatory Provident Fund (MPF) earned a combined HK$148.8 billion (US$19 billion) in the year’s first nine months, equivalent to HK$31,300 for each member, marking the best performance in seven years and the fourth best ever.
The 379 MPF investment funds generated an average return of 12.8 per cent in the year to September, on the back of the recent market rally driven by the interest rate cut and China’s stimulus package, according to MPF Ratings, an independent research firm.
