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Fund performance

MPF Fund Performance

RP Performance

Reference Portfolios for Constituent Funds under the Default Investment Strategy

Introduction

After due consultation with the respective memberships and the Mandatory Provident Fund Schemes Authority (MPFA), the Hong Kong Investment Funds Association (HKIFA) and the Hong Kong Trustees’ Association Limited (HKTA) have worked with Willis Towers Watson (WTW) to develop the reference portfolio (RP) for each of the constituent funds under the Default Investment Strategy (DIS). Effective 1 April, 2019, FTSE is the RP benchmark administrator.

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For the purposes of paragraph 18 of Guidelines III.14 on the DIS, we set out below the RPs for each of those constituent funds, namely, the Core Accumulation Fund (CAF) and the Age 65 Plus Fund (A65F) which have been recognised for this purpose by MPFA. The RPs are used for performance measurement and reporting purposes as set out in paragraph D2.3 of the MPFA Code on Disclosure for MPF Investment Funds.

  • RP for CAF: 60% FTSE MPF All-World Index (HKD unhedged total return) + 37% FTSE MPF World Government Bond Index (HKD hedged total return) + 3% cash or money market instruments providing a return at MPF Prescribed Savings Rate (HKD unhedged total return)*
  • RP for A65F: 20% FTSE MPF All-World Index (HKD unhedged total return) + 77% FTSE MPF World Government Bond Index (HKD hedged total return) + 3% cash or money market instruments providing a return at MPF Prescribed Savings Rate (HKD unhedged total return)*
* Inclusive of re-investment of dividends/coupons/other incomes. The reference portfolio is reported net-of fees on a calendar day basis, assuming a payment of services (e.g. management fees) of 0.75% p.a. of NAV and out-of-pocket expenses of 0.20% p.a. of NAV.

Asset Allocation

Proportions by asset classes (%)

Reference Portfolio Global Equity Global Bond HK Cash
FTSE MPF All-World Index (HKD unhedged total return) FTSE MPF World Government Bond Index (HKD hedged total return) MPFA Prescribed savings rate
FTSE MPF DIS Core Accumulation Fund RP (FRMPFCAF) 60 37 3
FTSE MPF DIS Age 65 Plus Fund RP (FRMPFAPF) 20 77 3

Performance Data

Daily Performance

Data as of 11/07/2024

Core Accumulation Fund (FRMPFCAF)

Index value

152.77

Month to date return

↑ 1.99%

Daily return

↑ 0.12%

Age 65 Plus Fund (FRMPFAPF)

Index value

113.55

Month to date return

↑ 1.19%

Daily return

↑ 0.31%

Download Daily Performance Data (.csv)

(Updated before 5:30 p.m. on the next Hong Kong business day)
Source: FTSE Russell

Historical Daily Performance (2017-2022)

Please select a year

Download data (.xlsx)

Monthly Performance

Data as of 06/2024

Download Monthly Performance Data (.csv)

(Updated before 5:30 p.m. on the second Hong Kong business day of each month)
Source: FTSE Russell

RP Performance Disclaimer:

The Reference Portfolio for each of the constituent funds under the Default Investment Strategy (“Reference Portfolio”) is calculated by FTSE Russell using the data contained in the FTSE MPF All-World Index (the “FTSE Index”) and the FTSE MPF World Government Bond Index (the “FTSE FI Index”). The FTSE Index is owned by FTSE and/or its licensors. The FTSE FI Index is owned by FTSE FI and/or its licensors.

“FTSE®”, “Russell®” and “FTSE Russell®” are trademarks of the London Stock Exchange Group companies and are used by FTSE Russell under licence. Neither FTSE Russell nor its licensors or affiliates are connected to or sponsor, advise, solicit, recommend, endorse or promote the Reference Portfolio or accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error or omission in the Reference Portfolio, FTSE Index or FTSE FI Index (collectively, the “Index Materials”); or (b) the calculation or operation of, reliance on, or any use made of, the Index Materials. Neither FTSE Russell, nor its licensors or affiliates make any claim, prediction, warranty or representation as to the results to be obtained from the use of the Index Materials, or give any representations or warranties of merchantability or fitness for a particular purpose regarding the Index Materials or their accuracy, adequacy, completeness or availability.

Fund Performance

Fund performance

MPF Monthly Performance

Download Fund Performance Data (.pdf)

(Updated on the second Hong Kong business day after the 14th of each month)
Source: Lipper, a Thomson Reuters Company/Willis Towers Watson/FTSE

Fund Performance Disclaimer:

Copyright © Refinitiv 2024 S.A. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

© FTSE International Limited (“FTSE”) 2024. All rights reserved.

All rights in and to the FTSE MPF Index series (including currency adjusted indices) are vested in FTSE. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by FTSE for any errors or for any loss arising from use of this publication. “FTSE®” is a trade mark of London Stock Exchange Plc and is used by FTSE under licence.

All rights reserved. Any copying, republication or redistribution of the content is expressly prohibited without the prior written consent of data source. Data source shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

More Statistics

MPF Fund Price

(Updated by the middle of every month)

MPF constituent fund price data are available at the MPFA's website.

View MPF Fund Price

ORSO Statistics

(Quarterly report)

ORSO Scheme Statistics are provided by the MPFA.

View ORSO Statistics Report

MPF Statistics

(Quarterly report)

MPF Schemes Statistical Digests are provided by the MPFA.

View MPF Statistics Report

Market Statistics

(Updated quarterly)

More statistics provided by MPF Ratings are available for download below (.csv).

Fee Data at MPF Scheme LevelFund Flow by Asset ClassMarket Share by MPF Scheme Sponsor

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13 07 2024 02:49:51am