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Hong Kong MPF members each lose HKD6,900 in May

The Mandatory Provident Fund (MPF) members in Hong Kong suffered a significant loss in May, with each member's investments diminishing by roughly HKD6,900, according to MPF Ratings. This brought the year's investment gains down to just HKD500 per member. The research firm attributes these losses to market uncertainties such as the potential US debt default, interest rate hikes, and inflation. Despite the dismal performance of the Hong Kong & China Equity Funds, the largest MPF asset class, Sun Life recommends MPF members to augment their bond holdings in the latter half of the year. Additionally, Sun Life has introduced three new MPF funds, one of which emphasizes a global low-carbon index, while the other two primarily cover US and European equities.

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