The investment market weakened in February, and the MPF accounts of many wage earners were affected.
According to the latest MPF rating report, as of February 20, the average MPF investment loss was 1.77%.
Although it is expected that the MPF account will record a loss in February, the MPF account of wage earners has still made money so far this year.
Cong Trump, Chairman of MPF Ratings, predicted that after taking into account contributions, the total assets of Hong Kong’s MPF at the end of February were 1.091 trillion yuan. Based on 4.57 million accounts, the average balance of each account was 238,600 yuan.
Not surprised by China and Hong Kong stock market correction
MPF Ratings pointed out that after Hong Kong and China stock funds recorded the best returns in history in January this year, some of the gains have been taken back, and the cumulative decline from February 1 to February 20 was 4.41%.
Cong Trump pointed out that he is not surprised by the corrections in the mainland and Hong Kong stock markets this month, because Hong Kong stocks are not only affected by the global stock market's concerns about inflation, rising interest rates and possible long-term economic slowdown, but also by the budget announced on Wednesday (22nd).
He also pointed out that in November last year, the MPFA announced the reform of fund approval measures to promote more diversified investment.
In February, the performance of Hong Kong and China stock funds reversed, reflecting the risk of short-term investment and not diversifying investment.
MPF members need to be reminded that each MPF scheme provides a Distributed Investment Strategy (DIS) fund.
They are low-fee, ready-made diversified fund options that are smart long-term investing options that most members can consider.
MPF Ratings data shows that as of February 20, MPF Rated Equity Funds (European Index) were the best performers, returning 1.7%.
This was followed by the MPF Rated Money Market Fund (MPF Conservative Fund) Index returning 0.17%.
However, several stock indexes recorded losses during the month, among which the MPF Rated Stock Fund (Hong Kong and China) Index performed the worst, recording a loss of 4.41%.
As for the MPF Rated Stock Fund (Asia) Index, it lost 2.67%, and the MPF Rated Bond Fund Index lost 1.78%.
MPF Rating Expects MPF to earn 18,000 per capita in January. China and Hong Kong stock funds are expected to achieve double-digit return MPF｜MPF Rating: The overall loss last year was 186.9 billion yuan or 15.7%. The worst MPF rating after 2008: It is expected that this year the MPF will accumulate The loss reached 190.7 billion and the contribution per capita loss was 29,000 budget｜Nearly 95% of respondents’ MPF suffered losses last year More than 40% lost ground