Francis Chung

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 »

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 »

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 …

Have MPF returns bottomed? Read More »

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 …

Leading MPF commentator calls for further savings incentives Read More »

6th April 2022 “March Madness” adds to MPF’s $76bn loss MPF Ratings’ March MPF Performance Survey has now been uploaded. Key points are as follows: March MPF loss totalled -$15bn as the system recorded a quarterly loss of -$76.2bn. The worst quarterly loss in two years. On a per member basis, average losses exceeded -$3,200 …

MPF’s worst quarterly loss in two years Read More »

24th March 2022 Members to see their MPF accounts shrink by $16,000 Key points are as follows: MPF on track for a 3rd consecutive monthly loss with March losses currently exceeding -$12.7bn, taking 2022 first quarter losses to beyond -$74bn. The worst three month start since the first quarter of 2020. On a per member …

MPF losses set to blow out to $74bn Read More »

14th March 2022 Latest inflow data shows strong support for MPF MPF Ratings’ February MPF Asset Class Fund Flows Summary has now been uploaded. Key points are as follows: MPF recorded exceptionally strong net fund inflows in February; totalling $5bn (See table 1); the 3rd highest monthly net inflow since 2018. February inflows were 17% …

MPF system produces surprise result as market uncertainties grow Read More »

8th March 2022 Clean Waterways Programme sees HSBC win inaugural Environmentally Responsible award Key points are as follows: HSBC SuperTrust Plus selected as MPF’s Employers’ Choice award for the 1st time ever at the 2022 edition of “The MPF Awards”. HSBC SuperTrust Plus is MPF’s 2nd largest MPF scheme (See Table 1). The “Employer’s Choice” …

HSBC is MPF’s Employers’ Choice Read More »

4th March 2022 MPF’s largest player scoops awards at 2022’s “The MPF Awards” Key points are as follows: MPF’s largest scheme (See Table 1), Manulife Global Select (MPF) Scheme, is crowned the MPF Scheme of the Year at the 2022 edition of “The MPF Awards”. Manulife Global Select’s assets grew 10.3% in % terms (compared …

Manulife wins MPF’s Scheme of the Year title Read More »