Hong Kong MPF 'lazy funds' to extend their strong gains into 2024
Even as Hong Kong and Chinese equities underperformed in 2023 and uncertainties persist in the year ahead, the city's public pension scheme members are advised to watch its default investment strategy funds instead, which outperformed last year.
The Hong Kong Mandatory Provident Fund (MPF) rewarded members who didn’t actively allocate their retirement money to asset class, or market-specific funds in 2023 as its default investment strategy (DIS) funds delivered strong returns alongside foreign equity funds.
DIS funds, with a low-fee nature and diversified investment approach, were one of the best performers that contributed to MPF's first positive annual return in three years in 2023.
That trend is largely expected to c…
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