Our Reports

• Review of MPF market performance and fund analysis in the first three quarters of 2026
• 5 Key investment global markets analysis
• AI-driven investment opportunities and fund flow trends
• Q4 2026 market outlook and portfolio strategies for different types of investors

Q3 2026 Market Highlights

• MPF recorded a 6.2% gain in the first three quarters, average gains per MPF member exceeding HK$20k^{Note 1,2}
• Full-year net switching is projected to reach HK$74.7 billion, a five-year high
• Continued AI momentum attracted HK$17 billion flowing into U.S., Asian and Japanese equity funds
• Return gaps among major equity fund widened to double digits, prompting members to actively review and adjust fund allocations

Key Investment Takeaways for Q4

• Asian equity funds returned 24.3% YTD. Is there still upside ahead?
• Hong Kong equity funds remain in negative return. Opportunity or value trap?
• Performance dispersion among U.S. equity funds reached 13%. Did you choose the right fund?
• With interest rates staying elevated, could conservative funds offer a better risk-return profile than global bond funds?

Download the Report Now and Prepare for What's Next.

Notes：
1. Average return per member is calculated based on the MPF market asset value as at the end of the previous month and the total number of MPF scheme members of 4,968,000 (MPFA Mandatory Provident Fund Schemes Statistical Digest, June 2026). Asset value: HK$1,706,043 million (as of 31 August 2026), representing an estimated average assets per member: HK$343,406 (as of 31 August 2026). The GUM MPF Composite Index and 2026 year-to-date returns are as of 30 September 2026.
2. All fund index returns are asset-weighted and calculated on a point-to-point basis. September returns cover the period from 1 September to 30 September 2026. 2026 year-to-date returns cover the period from 1 January to 30 September 2026.
3. Before making any investment decision, scheme members should carefully consider their personal circumstances and financial situation, as well as their risk tolerance and stage of life.
4. For more information, scheme member shall refer to the fund fact sheets provided by the fund providers or at the MPFA fund platform.
5. Scheme member shall also note that MPF is a long-term investment. Investment decisions should not be made based on predictions of short-term market trends.