17 December 2020
Haitong outperforms all MPF schemes in November
MPF Ratings’ November MPF Scheme Net Returns Summary has now been uploaded on our website.
Key points are as follows:
- November MPF industry median net return of 6% is the best 1-month result since April 2015.
- Bronze rated Haitong MPF Retirement Fund produced a best net return of 8.8% in November.
- Silver rated AIA MPF – Prime Value Choice produced the biggest YTD ranking improvement, improving 6 places.
- Gold rated Fidelity Retirement Master Trust produced the biggest quarterly ranking improvement, improving 10 places.
- MPF assets are at a record $1.097 trillion, an increase of $67.616 billion from the previous month, and equating to an average MPF member account balance of $245,932, which is an increase of $15,164 from October.