The Hong Kong Mandatory Provident Fund Schemes Authority announced that total Mandatory Provident Fund (MPF) assets surpassed HKD 1.5 trillion, reaching a provisional HKD 1.53 trillion as at end-September 2025, and released provisional MPF investment return figures by fund type. More than HKD 200 billion of the increase in total MPF assets so far in 2025 was attributed to net investment returns. Equity funds and mixed assets funds, which together account for close to 80% of total MPF assets, recorded average net returns of 18.8% and 10.6% respectively over the previous 12 months, and average annualized net returns of 5.1% and 4.5% respectively since the inception of the MPF System. Under the Default Investment Strategy (DIS), the Core Accumulation Fund recorded an average net return of 9.8% over the previous 12 months and an average annualized net return of 6.8% since its 2017 launch, with the MPFA noting these annualized returns exceeded the annualized inflation rate of 1.8% for the respective periods. The MPFA also reminded members that MPF investing is long term and advised portfolio reviews that consider objectives, risk class, fund expense ratios and performance over different horizons. For DIS funds, fees are capped at 0.95% of net asset value and the cap is set to fall further to 0.85% after the relevant MPF scheme joins the eMPF Platform.
Hong Kong Mandatory Provident Fund Schemes Authority 2025-10-06
Hong Kong Mandatory Provident Fund Schemes Authority reports total MPF assets exceeding HKD 1.5 trillion
The Hong Kong Mandatory Provident Fund Schemes Authority reported total MPF assets reached HKD 1.53 trillion as of September 2025, with over HKD 200 billion from net investment returns. Equity and mixed assets funds showed strong performance, with average net returns of 18.8% and 10.6% respectively over the past year. The MPFA highlighted the importance of long-term investing and advised members to review portfolios considering objectives, risk, and fund performance.