MPFGo: MPF Funds Hit Near 15% Gains in July as Korea Funds Plunge
SingTao · 1 SOURCESabout 3 hours ago1 MIN
Summary
MPFGo, a Mandatory Provident Fund (MPF) analysis platform, released its July MPF research report showing extreme divergence in fund performance. As of July 29, the East Asia China Tracker Index Fund topped monthly returns with a 14.67% gain, while the Haitong Korea Fund – Class T plummeted 34.26% . The top ten performing funds averaged 13.18% returns, while the ten worst performers averaged losses of 20.24% .
Key Points
- All top ten gainers were Hong Kong or China equity funds, with every fund posting double-digit returns .
- The Hang Seng China Enterprises Index Fund ranked second with a 14.38% monthly return .
- Manulife MPF Hang Seng Index ESG Fund and My Hong Kong Tracker Index Fund both gained 12.88% .
- The Haitong Korea Fund's year-to-date return remained strongly positive at 38.98% despite its July crash .
- Haitong Asia Pacific Fund – Class T fell 27.41%, while multiple East Asia Asia equity funds dropped over 22% .
Why It Matters
Hong Kong workers relying on MPF for retirement face significant risks from chasing short-term performance. The dramatic reversal in Korea-focused funds demonstrates how monthly rankings can mislead investors about underlying fund quality, making longer-term evaluation essential for retirement planning .
Hong Kong workers relying on MPF for retirement face significant risks from chasing short-term performance. The dramatic reversal in Korea-focused funds demonstrates how monthly rankings can mislead investors about underlying fund quality, making longer-term evaluation essential for retirement planning .