Hong Kong MPF on course for best return in 4 years this year; outlook ‘positive’ for 2025

The Mandatory Provident Fund is on course to report its best performance in four years in 2024, while most analysts believe next year’s performance will remain on a positive trajectory.

As of December 18, the MPF’s 379 investment funds had an estimated gain of HK$102.8 billion (US$13.2 billion) for this year, the third time the fund’s gain has exceeded HK$100 billion, according to MPF Ratings, an independent research firm.

The US stock funds were the best performers so far this year, boasting a 21.5 per cent gain, with Japan stock funds second at 18.7 per cent. China and Hong Kong stock funds ranked third at 15.5 per cent.

Established in 2000, MPF is a compulsory retirement scheme that covers 4.7 million current and former workers.

Looking ahead, Francis Chung, chairman of MPF Ratings, said the incoming Trump administration should make for an interesting 2025.