The Hong Kong Mandatory Provident Fund Schemes Authority published provisional investment return data for Mandatory Provident Fund (MPF) funds as at the end of March 2025, summarising average net returns by fund type and long-term performance since system inception. Equity Fund and Mixed Asset Fund, which together accounted for close to 80% of total MPF assets, recorded average net returns of 16.1% and 6.4% over the previous 12 months, with average annualised net returns since MPF system inception of 4.5% and 4.0%. Core Accumulation Fund under the default investment strategy (DIS) showed an average net return of 3.9% over the previous 12 months and an average annualised net return of 5.7% since launch. The MPFA noted that these annualised returns exceeded the annualised inflation rate for the respective periods (1.8%) and reiterated guidance that MPF is a long-term investment, that average fund-type returns are indicative only, and that members should review objectives, risk tolerance, expense ratios and performance over different time horizons. It also highlighted DIS features including diversified global equity and bond exposure, an automatic de-risking mechanism, and a fee cap of 0.95% of net asset value, to be reduced to 0.85% after the relevant MPF scheme joins the eMPF Platform.
Hong Kong Mandatory Provident Fund Schemes Authority2025-04-03
Hong Kong Mandatory Provident Fund Schemes Authority releases provisional MPF return data to end-March 2025
The Hong Kong Mandatory Provident Fund Schemes Authority released provisional investment return data for MPF funds as of March 2025, detailing average net returns by fund type and long-term performance. Equity Fund and Mixed Asset Fund, comprising nearly 80% of MPF assets, reported average net returns of 16.1% and 6.4% over the past year. The Authority emphasized the long-term nature of MPF investments and advised members to consider objectives, risk tolerance, and performance across different time horizons.