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MPF Ratings: Apr MPF per Member Loss $600; 4M24 per Member Gain $5,400
Recommend 2 Positive 3 Negative 7 |
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MPF Ratings announced that the Hong Kong and Chinese equity funds recorded a return of about 5.89% in April, topping the investment return list of MPF asset classes and marking the third consecutive month of gains. MPF recorded a slight loss of about 0.24% in April, but its year-to-date investment return was still about 2.23%. On the other hand, US equity funds were the worst-performing MPF asset class in April. This happened after MPF members injected a record HK$9.2 billion into the US equity fund, highlighting the difficulty and high risk of capturing market opportunities. MPF members should focus on diversification and long-term investment rather than market timing, the research firm said. MPF Ratings added that MPF as a whole suffered an investment loss of about HK$2.85 billion in April, which means an average loss of about HK$600 per member. Still, in terms of the first 4 months of this year, the investment gain was about HK$25.7 billion, which is equivalent to an average gain of about HK$5,400 for each member. Taking into account the contributions made in April, it is estimated that as at the end of April, the total MPF assets amounted to about HK$1.18 trillion, which is equivalent to an average account balance of about HK$249,100 for MPF members. AAStocks Financial News |
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