Francis Chung

5th December 2022 Despite the system’s rebound annual losses still total $190bn MPF Ratings’ November MPF Performance Survey has now been uploaded. Key points are as follows: Led by Hong Kong/China equity’s best monthly performance in MPF’s history, November saw MPF break several records as returns rebound strongly. While releasing its latest performance survey, MPF …

Multiple records broken as MPF climbs back above $1 trillion Read More »

24th November 2022 Latest estimated results reinforce key MPF member message Key points are as follows: MPF returns are rebounding strongly in November with an estimated aggregate investment gain at the time of writing of $69.9bn (or $15,300 per MPF’s 4.57m MPF members) reducing the system’s estimated year-to-date loss to -$213.7bn. After factoring in MPF …

MPF performance records set to tumble Read More »

26th October 2022 Local equity performance is MPF’s key wealth factor Key points are as follows: MPF’s October estimated aggregate investment loss at the time of writing is approximately -$27bn (or -$5,900 per MPF’s 4.57m MPF members) taking the system’s estimated year-to-date loss to approximately -$286bn, or -$62,400 per MPF member. After factoring in MPF …

Impact of 13 year low cannot be underestimated Read More »

17th October 2022 Inflow data suggests members expect further interest rate hikes MPF Ratings’ September quarter MPF Asset Class Fund Flows Summary has now been uploaded. Key points are as follows: As previously reported, MPF’s accumulated 2022 YTD loss is approximately -21.48% while total assets have fallen below the $1tr level to approximately $965bn. The …

MPF attracts strong support despite falling below $1tr Read More »

6th October 2022 September’s equities declines highlight the importance of diversification MPF Ratings’ September MPF Performance Survey has now been uploaded. Key points are as follows: Following a September MPF monthly investment loss of -$82.1 billion, MPF’s quarterly and year-to-date losses have ballooned to -$106.2 billion and -$258.9 billion respectively. Monthly, quarterly and Year-to-date paper …

MPF falls below $1 trillion Read More »

28th September 2022 Market losses drive MPF total assets below major threshold Key points are as follows: September estimated MPF investment loss at the time of writing is -$69.7bn (or -$15,200 per MPF’s 4.57m MPF members). September MPF loss is the 8th monthly loss out of 9 in 2022. Estimated Year-to-date loss is approximately -$246.5bn, …

MPF wealth unravels as global markets sell off Read More »

15th September 2022 Requirements raise accountability and is industry best practice according to leading MPF commentator Key points are as follows: MPF regulator, the Mandatory Provident Fund Schemes Authority (MPFA), announces proposal to enhance transparency of governance reporting. Notably, Governance Reports are to be signed off by Trustee boards and made public on MPFA and …

New “Value for Money” disclosures set to benefit MPF members Read More »

5th September 2022 Annual average MPF loss exceeds $38,000 after August’s $5,000 decline MPF Ratings’ August MPF Performance Survey has now been uploaded. Key points are as follows: MPF produces a loss of -2.16% or -$23bn in the month of August (the equivalent of -$5,000 per MPF’s 4.59m MPF members). Year-to-date losses have grown to …

Interest rate concerns put brakes on MPF returns Read More »