GUM Says MPF Members Lost HK$5,219 Each in October
SingTao · 2 SOURCESabout 3 hours ago4 MIN
Summary
GUM said Hong Kong’s Mandatory Provident Fund system remained in retreat for a second consecutive month as of October 20, with the GUM MPF Composite Index at 299.5 points and down 1.5% for the month. Average paper losses for October reached HK$5,219 per member, while year-to-date gains narrowed to HK$15,068.
Key Points
- GUM reported the composite MPF index at 299.5 points as of October 20, with month-to-date performance down 1.5% and year-to-date returns narrowing to 4.6%
- GUM chief investment officer Lau Ka-hung (劉嘉鴻) said the MPF market had corrected for a second straight month, but year-to-date average gains still exceeded HK$15,000.
- Among the three main asset classes, equity funds fell 2.3%, mixed-asset funds dropped 1.4%, while fixed-income funds edged up 0.2% in October.
- Asian equity funds were the worst-performing stock category, down 7.5% in October, while Greater China equity funds fell 5.7% and Hong Kong equity funds lost 4.4%.
- In contrast, US equity funds rose 0.6% and other equity funds gained 4.3%, while bond categories broadly rebounded, led by global bond funds up 0.8%
Why It Matters
For MPF members in Hong Kong, the latest figures show how sharply retirement savings can diverge across regions and asset classes even within the same month. GUM’s breakdown also suggests diversified allocations helped cushion volatility, as gains in US equities and bonds partly offset weakness in Asia- and Hong Kong-focused funds.