Francis Chung

8.9% US equity return reinforces critical MPF lesson

3rd August 2022 Key points are as follows: MPF’s Equity Fund (US) category produces best monthly returns since November 2020. Supported by a rebound in European and US equities MPF records only a modest investment loss of -0.10% (as measured by the MPFR All Fund Performance Index) or approximately -$1.1bn (or -$200 per MPF’s 4.59m MPF members) in July. …

8.9% US equity return reinforces critical MPF lesson Read More »

US equities is giving joy to MPF members in July

27th July 2022 BUT MAJOR EARNINGS AND ECONOMIC DATA COULD PROVE CRUCIAL Key points are as follows: Major US earnings and economic announcements could prove crucial to MPF account balances. July’s estimated MPF investment loss at the time of writing is -$3.4bn (or -$700 per MPF’s 4.59m MPF members), stemming year-to-date losses, which is still estimated to exceed …

US equities is giving joy to MPF members in July Read More »

MPF inflows at odds with performance woes

14th July 2022 1H 2022’S DATA HIGHLIGHTS MPF’S STRENGTH MPF Ratings’ June quarter MPF Asset Class Fund Flows Summary has now been uploaded. Key points are as follows: MPF’s estimated loss of -12.96% (as measured by MPF Ratings’ MPFR All Fund Performance Index) is worst 1H calendar year return since its December 2000 inception. MPF total assets are currently …

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It’s the worst of times and the best of times for MPF members

6th July 2022 MPF PROVEN TO BE STRONG DEFENDER AGAINST INFLATION SINCE INCEPTION MPF Ratings’ June MPF Performance Survey has now been uploaded. Key points are as follows: MPF Ratings’ MPFR All Fund Performance Index lost -3.02% in June, -7.29% for the June quarter, and -12.96% for the first 6 months of 2022 (See Table 1), the worst …

It’s the worst of times and the best of times for MPF members Read More »

Victim not the bear

27th June 2022 MPF HALF YEAR LOSSES EXPECT TO TOTAL $150BN AS SLIDE CONTINUES IN JUNE Key points are as follows: Major global equity markets leading MPF to another monthly loss. June’s estimated MPF monthly, quarterly and year-to-date investment losses are estimated to be -$23.1bn, -$72.6bn and -$148.8bn. After factoring in MPF contributions, June’s average MPF member account balance is …

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Final week bounds sees MPF produce 1st positive monthly return in 2022

6th June 2022 HISTORY SUGGESTS MARKETS ARE NEAR BOTTOM MPF Ratings’ May MPF Performance Survey has now been uploaded. Key points are as follows: A late May equity market rebound sees MPF record a return of 0.32% in May (as measured by the MPFR All Fund Performance Index) to modestly narrow MPF’s 2022 accumulated investment loss to approximately -$125.7bn …

Final week bounds sees MPF produce 1st positive monthly return in 2022 Read More »

MPFA’s eMPF and sustainable investment ambitions provide solace from May’s market losses

26th May 2022 Key points are as follows: May’s estimated MPF accumulated year-to-date loss is approximately -$157bn resulting from a 5thconsecutive monthly asset value decline. May’s average MPF member loss expected to exceed -$5,900 and -$34,200 YTD. Average MPF member account balance is forecasted to fall to $228,500, a decline of -$40,400 from its peak in June 2021 ($268,900), …

MPFA’s eMPF and sustainable investment ambitions provide solace from May’s market losses Read More »

Have MPF returns bottomed?

5th May 2022 HISTORY SAYS “YES” AS EMPF AND SUSTAINABLE INVESTING PRINCIPLES OPEN UP BETTER RETURN OUTCOMES MPF Ratings’ April MPF Performance Survey has now been uploaded. MPF, as measured by the MPFR All Fund Performance Index, saw a -4.71% decline in April equivalent to monthly dollar loss of -$53.9bnand a 2022 accumulated loss of -$130.1bn or -10.54% (See Table …

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Leading MPF commentator calls for further savings incentives

19th April 2022 Tax deductions underpin strong MPF inflows MPF Ratings’ March MPF Asset Class Fund Flows Summary has now been uploaded. Key points are as follows: MPF records highest monthly and quarterly net fund inflows since the introduction of Tax Deductible Voluntary Contributions (TVC) in April 2019. March and Q1 2022 saw estimated inflows …

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