Hong Kong Mandatory Provident Fund Schemes Authority releases provisional June 2026 MPF return data with equity and mixed assets funds ahead of inflation since inception

The Hong Kong Mandatory Provident Fund Schemes Authority published provisional MPF investment return data as of the end of June 2026, highlighting that the system’s largest fund categories continued to exceed inflation over the long term. Since the inception of the MPF System, Equity Fund and Mixed Assets Fund, which together accounted for 81% of total MPF assets, recorded average annualized net returns of 5.1% and 4.8%, respectively, compared with annualized inflation of 1.8%. The Core Accumulation Fund under the Default Investment Strategy, launched in 2017, posted an average annualized net return of 7.3%, also above the 1.8% annualized inflation rate for that period. The figures are net of fees and charges. Alongside the data release, the authority reiterated that MPF should be managed as a long-term investment rather than through short-term market timing. It also pointed members to the eMPF Platform, which has been fully operational since the end of April, as a single access point for reviewing overall MPF performance and account status. Investment decisions, it said, should reflect life stage, financial situation, risk tolerance, fund expense ratios and performance over different time horizons. Members who do not want to manage their MPF actively can consider the Default Investment Strategy, which invests across global equity and bond markets, includes automatic de-risking and caps fund fees at 0.85% of net asset value.