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HK's MPF strategy gains popularity with 10% growth in accounts



The Mandatory Provident Fund Schemes Authority (MPFA) in Hong Kong announced a 10% year-on-year increase in accounts choosing the Default Investment Strategy (DIS), totaling 3.05 million as of September. This strategy, often termed the “lazy” portfolio, now accounts for 30% of all MPF accounts. MPFA chairwoman Ayesha Macpherson Lau revealed that DIS assets reached HKD94.7bn (USD12.12bn), 9% of the total net asset value. The Core Accumulation Fund and the Age 65 Plus Fund under DIS recorded annual net returns of 11.1% and 2.4%, respectively, highlighting the strategy's appeal for retirement planning.

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