MPF members miss record global equity market rebound

14 December 2020

While global equities produced best ever returns MPF members invested in Money Market funds

MPF Ratings’ November MPF Asset Class Fund Flows Summary has now been uploaded on our website.

Key points are as follows (please also refer to Table 1):

  • MPF assets increased 6.57%, reaching HK$1.097 trillion, by the end of November.
  • According to MPF Ratings’ November MPF Performance Survey, its MPFR Index of Equity Fund (Global) returned 11.26% in November. The best 1-month Equity Fund (Global) return since MPF launched.
  • Despite the record rebound in equities, 2/3rds of MPF’s November net-inflows were invested in Money Market and Guaranteed Funds.
  • Despite recording a record 11th consecutive month of net-outflows in 2020, Mixed Asset (81-100% Equity) surpassed Money Market Fund (MPF Conservative Fund) in November to become the 2nd largest MPF asset class.

Table 1: MPF Assets and 1-Month MPF Fund Flows as at 30 November 2020 (by Fund Types)

Source: MPF Ratings

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