Impressive 2.47% Gain for Hong Kong's MPF Retirement Fund in Q1 Fueled by US and Japanese Equity Markets

Monday, 8 April 2024, 03:14

The MPF retirement fund in Hong Kong saw a significant 2.47% gain in the first quarter, amounting to HK$28.5 billion (US$3.6 billion) in earnings, or HK$6,000 per scheme member. The stellar performance was driven by strong rallies in US and Japanese equity markets, with funds focused on these regions emerging as the top performers. This positive growth underscores the resilience and potential of the fund amidst dynamic market conditions.
https://store.livarava.com/43169ffd-f556-11ee-897a-87cc5c87fb08.jpg
Impressive 2.47% Gain for Hong Kong's MPF Retirement Fund in Q1 Fueled by US and Japanese Equity Markets

MPF: Hong Kong retirement fund delivers 2.47% gain in first quarter with super rallies in US, Japan equity markets

The retirement scheme earned HK$28.5 billion (US$3.6 billion) last quarter, or HK$6,000 per scheme member, according to MPF Ratings. Funds focused on Japanese and US equities were the best performers.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe