The Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) released provisional Mandatory Provident Fund (MPF) investment return data as at end-March 2026, alongside performance context over longer horizons and guidance for scheme members on portfolio reviews and investment approach. MPFA noted that return figures are net of fees and charges, and that “highest” and “lowest” refer to the range of annualized net returns among individual funds within each fund type over the relevant period. Since the inception of the MPF system, Equity Funds and Mixed Assets Funds, which together account for about 80% of total MPF assets, recorded average annualized net returns of 4.8% and 4.4% respectively, compared with an annualized inflation rate of 1.8% over the same period. For the Core Accumulation Fund under the Default Investment Strategy (DIS), the average annualized net return since its 2017 launch was 6.4%, versus an annualized inflation rate of 1.8% for that period; MPFA also cited inflation of 1.7% over the past 12 months (figures up to February 2026). The release reiterated that MPF is a long-term investment and warned against short-term market timing. For members considering DIS, MPFA highlighted its diversified exposure to global equity and bond markets and its “automatic de-risking” mechanism, and noted that fees for DIS funds are capped at 0.85% of net asset value for MPF schemes after onboarding to the eMPF Platform.
Hong Kong Mandatory Provident Fund Schemes Authority 2026-04-08
Hong Kong Mandatory Provident Fund Schemes Authority publishes provisional MPF investment return data through March 2026
The Hong Kong Mandatory Provident Fund Schemes Authority released provisional MPF investment return data as at end-March 2026, highlighting long-term performance relative to inflation. Since inception, Equity and Mixed Assets Funds recorded average annualized net returns of 4.8% and 4.4% versus 1.8% inflation, while the Core Accumulation Fund under the Default Investment Strategy has delivered 6.4% annually since 2017. The authority reiterated the long-term nature of MPF investing, promoted the Default Investment Strategy’s diversified, automatic de-risking features, and noted that fees for these funds will be capped at 0.85% of net asset value after onboarding to the eMPF Platform.