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- MPFA releases the June 2023 Issue of the Mandatory Provident Fund Schemes Statistical Digest quarterly report
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MPFA releases the June 2023 Issue of the Mandatory Provident Fund Schemes Statistical Digest quarterly report
The MPFA today (31 August) released the June 2023 issue of the Mandatory Provident Fund Schemes Statistical Digest (Statistical Digest), a quarterly report which covers key statistical data of the MPF System up to the end of June 2023, including scheme member enrolment, number of accounts, total MPF assets and investment performance.
The Statistical Digest aims to enhance information transparency of the MPF by showing the general situation and progress of the MPF System in different areas.
Key findings in the June 2023 issue of the Statistical Digest are as follows:
- As at the end of June 2023, total MPF assets amounted to $1,110 billion, increasing by 146% over the past 10 years. $250 billion of the total MPF assets was investment returns, net of fees and charges.
- Since the inception of the MPF System in 2000, MPF equity funds and mixed assets funds, which accounted for nearly 80% of the total net asset value of the MPF System, registered on average an annualized net rate of return of 3.8% and 3.7% respectively, exceeding the annualized inflation rate of 1.8% for the same period. The cumulative net rates of return of MPF equity funds and mixed assets funds were 135% and 125% respectively.
- Total MPF contributions amounted to $21.17 billion in the second quarter of 2023, of which $16.27 billion (77%) was mandatory contributions and $4.89 billion (23%) was voluntary contributions.
- As at the end of June 2023, there were 2.97 million MPF accounts investing all or part of their assets according to the default investment strategy (DIS) or in the two constituent funds under the DIS, accounting for 27% of the total number of 10.95 million MPF accounts at the time. The total assets invested amounted to $94.4 billion, accounting for 8% of total MPF assets.
- In the second quarter of 2023, the total number of claims for MPF on various grounds (such as retirement) was 58 000, an increase of 6% from the previous quarter. The number of claims for MPF on the grounds of permanent departure from Hong Kong in the second quarter of 2023 was 7 300, representing a quarter-on-quarter increase of 9% but a year-on-year decrease of 15%.
- As at 30 June 2023, the total amount of tax-deductible voluntary contributions (TVC) received was $8.9 billion. The number of TVC accounts was 70 000, reflecting a year-on-year growth of 11%.
－Ends－
31 August 2023
