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The MPFA today (2 December) released the September 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 September 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.

An MPFA spokesperson said that starting from this issue of the Statistical Digest, more detailed figures related to the annualized net returns of funds under six MPF fund types as well as those under the default investment strategy (DIS) for different periods were added. This aims to enhance scheme members’ understanding of the performance of different fund types. Members should take this into consideration when making investment decisions based on their individual circumstances.

Key findings in the September 2024 issue of the Statistical Digest are as follows:

• As at the end of September 2024, total MPF assets amounted to $1,330 billion, increasing by 143% 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 annualized net returns of 4.5% and 4.2% respectively, exceeding the annualized inflation rate of 1.8% for the same period.

• As at the end of September 2024, there were 3.41 million MPF accounts with investment in the constituent funds under the DIS, accounting for 30% of the total number of 11.18 million MPF accounts at the time. The total assets invested amounted to $133.2 billion, accounting for 10% of total MPF assets.

• As at the end of September 2024, the average annualized net returns since the launch of the DIS on 1 April 2017 for the Core Accumulation Fund (CAF) and Age 65 Plus Fund (A65F) were 6.4% and 2.3% respectively.

• As at 30 September 2024, the number of tax-deductible voluntary contributions (TVC) accounts was 79 000, reflecting a year-on-year growth of 12%. The cumulative amount of contributions received from such accounts since inception of TVC in April 2019 was $11.2 billion.

• In the third quarter of 2024, the total MPF contributions received amounted to $22.0 billion. Of the total, $16.8 billion (76%) was mandatory contributions and $5.3 billion (24%) was voluntary contributions. The benefits paid amounted to $11.7 billion.

_{* “Highest” and “Lowest” refer to the highest and lowest annualized net return among individual funds in each fund type during the relevant period respectively.}

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2 December 2024