Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
MPF Ratings: HK Oct MPF Investment Loss $37.8B; -$7,900/ Member
Recommend 2 Positive 3 Negative 5 |
||||
|
||||
|
A report released by MPF Ratings pointed out that, after hitting all-time MPF total asset and average account sizes in September, the system recorded a monthly loss of -2.85% in October, reducing MPF’s YTD gain to about 9.56%, marking a return which still ranks as the best calendar YTD performance since 2017. In HKD terms, October’s investment loss is equivalent to about -$37.8 billion (or -$7,900 per MPF’s 4.75 million members), cutting YTD gains within the MPF system to $111.1 billion (or $23,400 per member). Francis Chung, Chairman of MPF Ratings, said that, despite October’s return fallback, MPF Ratings still forecasts the MPF system to post record asset and account balances by the end of 2024. If the system maintains its 2024 average monthly return in November and December then MPF’s total asset size should excel the previous high of $1.327 trillion-mark which was notched in 3Q24. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
