Francis Chung

5th August 2021 HSBC surprises market as small players show size is no barrier to lower costs Key points are as follows: MPF Ratings’ highlights key outcomes in a busy fee reporting period for MPF schemes. 13 out of 27 MPF schemes announced updated Fund Expense Ratios (FER) in Q2 2021 with 67 constituent funds […]

4th August 2021 Biggest MPF loss since pandemic recovery MPF Ratings’ July MPF Performance Survey has now been uploaded. Key points are as follows: • MPF Ratings’ MPFR All Fund Performance Index recorded a loss of -2.18% in July (See Table 1), as sharp July local equity losses wipe out year-to-date gains in Hong Kong

29th July 2021 MPF members brace themselves for significant losses Key points are as follows: MPF Ratings is expecting the MPF system to produce a significant loss for the month of July. The MPF system is expected to deliver a collective loss of approximately -$38bn for July, an equivalent average investment loss of -$8,400 per

21st July 2021 MPF commentator releases 1st half performance scorecard MPF Ratings’ June MPF Scheme Net Returns Summary is now available. Key points are as follows: June’s MPF assets grew 0.4% to an end-of-month record $1.221 trillion (See Table 1), an increase of $5.169 billion over 1-month. The quarterly and year-to-date (YTD) growth of MPF

6th July 2021 Significant loss overshadows record MPF earnings MPF Ratings’ June MPF Performance Survey has now been uploaded. Key points are as follows: MPF Ratings’ MPFR All Fund Performance Index gained 0.11% in June, 3.15% for the June quarter, and 4.47% for the first 6 months of 2021 (See Table 1), the 7th best

29th June 2021 Past 5 quarter results surprise MPF members Key points are as follows: MPF Ratings is forecasting the MPF system to produce positive MPF investment gains for the 2nd quarter of 2021; a 5th consecutive quarterly gain. Quarterly investment gains are expected to reach $43.204bn for the June quarter, an equivalent average investment

23rd June 2021 One Scheme Sponsor dominates MPF performance league table MPF Ratings’ May MPF Scheme Net Returns Summary is now available. Key points are as follows: All MPF schemes generated positive monthly investment performance in May 2021, but the dispersion between the best and worst was 1.6%, as the MPF industry generated a median

16th June 2021 MPF members continue to show confidence in equities MPF Ratings’ May MPF Asset Class Fund Flows Summary has now been uploaded to MPF Ratings’ media education portal. Key points are as follows: MPF saw $3.934bn in net inflows in May to reach an asset size of $1.216tr, an end of month all-time

3rd June 2021 Pandemic period sees average MPF balances grow by almost $75,000 MPF Ratings’ May MPF Performance Survey has now been uploaded. May MPF average return (as measured by the MPFR All Fund Performance Index) was 1.13%, the 12th positive month of returns since markets bottomed in March 2020 (See Table 1). 1.13% return