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The MPFA today (29 August) released the June 2024 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 2024, 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 2024 issue of the Statistical Digest are as follows:

• As at the end of June 2024, total MPF assets amounted to $1,230 billion, increasing by 126% over the past 10 years.  

• Since the inception of the MPF System in 2000, MPF equity funds and mixed assets funds, which together accounted for nearly 80% of total MPF assets, registered on average an annualized net return of 3.9% and 3.8% respectively, exceeding the annualized inflation rate of 1.8% for the same period. The cumulative net returns of MPF equity funds and mixed assets funds were 149% and 140% respectively.

• As at the end of June 2024, there were 3.36 million MPF accounts with investment in the constituent funds under the default investment strategy (DIS), accounting for 30% of the total number of 11.14 million MPF accounts at the time. The total assets invested amounted to $122.61 billion, accounting for 10% of total MPF assets.

• As at the end of June 2024, the average annualized net returns since the launch of the DIS on 1 April 2017 for the Core Accumulation Fund (CAF)¹ and Age 65 Plus Fund (A65F) were 6.0% and 1.9% respectively. The cumulative net returns of CAF and A65F were 52.1% and 14.5% respectively.

• As at 30 June 2024, the number of tax-deductible voluntary contributions (TVC) accounts was 77 000, reflecting a year-on-year growth of 11%. The cumulative amount of contributions received from such accounts since inception of TVC in April 2019 was $10.95 billion.

• In the second quarter of 2024, the total MPF contributions received amounted to $22.09 billion. Of the total, $16.79 billion (76%) was mandatory contributions and $5.31 billion (24%) was voluntary contributions. The benefits paid amounted to $10.37 billion.

－Ends－
29 August 2024

_{1. CAF accounts for three quarters of the total asset value of DIS constituent funds.}