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.
Smaller trustees within Hong Kong’s public pension scheme believe the eMPF reform will push them as well as fund managers for better investment performance and services.
Hong Kong’s retirement fund industry has discussed streamlining the administration for managers and members since 2014. The eMPF platform planned for 2025 is set to resolve a major “pain point”.
A strong rebound in performance in November - likely to continue in December - could save the retirement scheme from experiencing the worst-performing year on record.
Hong Kong’s Mandatory Provident Fund scheme gets three more investment options; Korea's National Pension Service reportedly has two frontrunners to head its investment operations; new report says asset owners around the world are passively invested in companies that might be involved in Uyghur Muslims repression in China’s Xinjiang region; and more.