The Hong Kong Mandatory Provident Fund Schemes Authority released official provisional data showing the Mandatory Provident Fund (MPF) delivered an overall net return of 16.5% in 2025, its third consecutive year of positive performance, and total MPF assets rose to around HKD 1,550 billion at end-December 2025, a new high. All MPF fund types recorded positive returns over the year, including equity, mixed assets, bond, guaranteed, MPF Conservative and other money market funds. The 2025 result follows net returns of 8.6% in 2024 and 3.4% in 2023, with figures stated net of fees and charges. Since MPF inception, equity and mixed-assets funds, which together account for 80% of MPF assets, have recorded average annualised net returns of 5.0% and 4.5% respectively, exceeding the annualised inflation rate of 1.8% over the same period; the Core Accumulation Fund under the Default Investment Strategy has averaged 6.9% a year since its 2017 launch against annualised inflation of 1.8%. MPFA reiterated that MPF is a long-term investment spanning more than 40 years and pointed members to the Default Investment Strategy’s diversification and automatic de-risking, noting that fees for Default Investment Strategy funds are capped at 0.85% of net asset value for schemes that have joined the eMPF Platform.
Hong Kong Mandatory Provident Fund Schemes Authority 2026-01-06
Hong Kong Mandatory Provident Fund Schemes Authority reports 16.5% MPF net return in 2025 with assets at HKD 1.55 trillion
The Hong Kong Mandatory Provident Fund Schemes Authority reported a 16.5% net return for the Mandatory Provident Fund in 2025, marking the third consecutive year of positive performance, with total assets reaching HKD 1,550 billion. Equity and mixed-assets funds, comprising 80% of MPF assets, have consistently outperformed inflation since inception, while the Core Accumulation Fund under the Default Investment Strategy has averaged 6.9% annual returns since 2017.