26th June 2026
Strong result despite local equity market underperformance highlights MPF’s diversity
Key points are as follows:
- With markets heading into June’s final week, MPF is currently showing an investment loss of approximately -1.93% (as measured by the MPFR All Fund Performance Index as at 23rd of June), only MPF’s 2nd negative month for 2026. (See table 1)
- MPF is set to return 5.16% for the first half of 2026, MPF’s 8th best first half year result and well above its first half average return of 1.73%. (See table 1)
- Despite MPF’s expected monthly investment loss the system is still expected to produce a Q2 and year-to-date investment gain of $111.5bn and $80.5bn (or $23,302 and $16,796 per MPF’s 4.79m members respectively).
- Notwithstanding expected losses in June, Japanese and Asian equities are leading both MPF’s year-to-date results, with Asian equities set to record its best first half result ever. (See table 1)
- After factoring in contributions and investment results, total MPF assets are forecasted to end June at approximately $1.658tr (down $29.5bn from end of May, but up $123.2bn and $103.9bn for Q2 and year-to-date respectively), equivalent to an average MPF account balance of $345,799 per MPF’s 4.79m members.
With markets heading into June’s final week, Francis Chung (叢川普), Chairman of MPF Ratings Ltd, Hong Kong’s independent provider of MPF research, views and education today said that despite an expected loss of -1.93% in June, MPF is on track to generate $80.5bn in investment gains for the first half of 2026, equivalent to $16,796 per MPF’s 4.79m members. After factoring contributions, total MPF assets are forecasted to end June at approximately $1.658tr, a result driven by Asian equities which is set to record its best first half investment result since MPF’s inception.
Quotes
5% return for the first half of 2026. Members should be happy
“Despite an expected June investment loss of -1.93%, MPF is set to return 5.16% for the first half of 2026. This would be MPF’s 8th best first half result, and well above its first half average return of 1.73%. Members should be happy.”
Asian equities set to record its best ever first half result
“Asian equities is on track to deliver its best first ever half performance. An expected return of 27.65% for the first 6 months of 2026 is being driven by outstanding returns from Korea and Taiwan’s technology sectors.”
MPF largest and fastest growing asset classes have been the system’s disappointment
“US, and Hong Kong and China equities, historically MPF’s most popular and largest equity asset classes are amongst June’s worst performers, however, such short-term results only serve to highlight the importance of long term investing and diversification, reinforcing our view that the MPFA mandated low Default Investment Strategy (DIS) funds remain an excellent option for MPF members to consider.”
Table 1: MPF Ratings’ MPFR Index returns by asset class (as at 23rd June 2026)
Source: MPF Ratings
