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- MPFA releases 2019 MPF System investment performance report
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MPFA releases 2019 MPF System investment performance report
The MPFA released a report titled Investment Performance of the MPF System in 2019 today (25 February). As at end December 2019, the total assets of the MPF System were $970 billion, representing, net of fees and charges, a return of 12.2% in 2019 and an annualized return of 4.1% since the inception of the MPF System in 2000.
The report showed that in 2019, all six MPF fund types – equity funds, mixed asset funds, bond funds, guaranteed funds, MPF conservative funds and money market funds – posted positive returns. Equity funds and mixed asset funds performed better than the other fund types, registering returns of 16.7% and 14.7% respectively in 2019.
MPFA Chief Corporate Affairs Officer and Executive Director Cheng Yan-chee said, “Although the global economy and the local social environment faced many uncertainties last year, the total assets of the MPF System recorded considerable year-on-year growth of $150 billion in 2019, reflecting the resilience and stability of the MPF System.”
He also reminded scheme members that the MPF is an investment spanning 30 to 40 years and that the investment returns of their MPF will inevitably be affected by short-term volatility in the financial markets from time to time. It is important that they should not try to time the market. He encouraged scheme members with insufficient investment knowledge or time to manage their MPF to consider the Default Investment Strategy (DIS), which charges with a fee cap, diversifies investment to balance between short-term volatility and long-term investment returns, and automatically adjust the investment portfolio to reduce investment risk according to one’s age. In 2019, the two funds under the DIS, the Core Accumulation Fund and the Age 65 Plus Fund, yielded returns of 16.6% and 9.7%, respectively.
The full report is available on the MPFA website.
To reduce the risk of the spread of the novel coronavirus in the community, MPFA Chief Corporate Affairs Officer and Executive Director Cheng Yan-chee and MPFA General Manager (Research & Statistics) Mr Edwin Lee hold a briefing via video conference to announce 2019 MPF investment performance.
－Ends－
25 February 2020
The report showed that in 2019, all six MPF fund types – equity funds, mixed asset funds, bond funds, guaranteed funds, MPF conservative funds and money market funds – posted positive returns. Equity funds and mixed asset funds performed better than the other fund types, registering returns of 16.7% and 14.7% respectively in 2019.
MPFA Chief Corporate Affairs Officer and Executive Director Cheng Yan-chee said, “Although the global economy and the local social environment faced many uncertainties last year, the total assets of the MPF System recorded considerable year-on-year growth of $150 billion in 2019, reflecting the resilience and stability of the MPF System.”
He also reminded scheme members that the MPF is an investment spanning 30 to 40 years and that the investment returns of their MPF will inevitably be affected by short-term volatility in the financial markets from time to time. It is important that they should not try to time the market. He encouraged scheme members with insufficient investment knowledge or time to manage their MPF to consider the Default Investment Strategy (DIS), which charges with a fee cap, diversifies investment to balance between short-term volatility and long-term investment returns, and automatically adjust the investment portfolio to reduce investment risk according to one’s age. In 2019, the two funds under the DIS, the Core Accumulation Fund and the Age 65 Plus Fund, yielded returns of 16.6% and 9.7%, respectively.
The full report is available on the MPFA website.
To reduce the risk of the spread of the novel coronavirus in the community, MPFA Chief Corporate Affairs Officer and Executive Director Cheng Yan-chee and MPFA General Manager (Research & Statistics) Mr Edwin Lee hold a briefing via video conference to announce 2019 MPF investment performance.
－Ends－
25 February 2020
