Table 1: Overall performance of MPF and average return in February (As of 18 February 2025)
| Index | Value | Returns for 1-18 February 2025 (%) |
| GUM MPF Composite Index | 258.1 | +3.6% |
| GUMMPF Equity Fund Index | 359.0 | +5.5% |
| GUM MPF Mixed Asset Fund Index | 257.6 | +3.0% |
| GUM MPF Fixed Income Fund Index | 129.4 | +0.3% |
| Average MPF Gain/Loss Per Member Note 1 (HK$) | +9,829 | |
Table 2: Performance of MPF Sub-Category Funds Index with Top 2 Assets Under Management (AUM) in Each Category (As of 18 February 2025)
| Category | Sub-category Fund Index | Returns for 1-18 February 2025 (%) |
| Equity Funds | United States Equity Fund | +0.2% |
| Hong Kong Equity Fund | +12.3% | |
| Global Equity Fund | +2.1% | |
| Greater China Equity Fund | +9.5% | |
| Hong Kong Equity Fund (Index Tracking) | +13.5% | |
| Asian Equity Fund | +3.6% | |
| Other Equity Fund | -1.0% | |
| European Equity Fund | +4.7% | |
| Japanese Equity Fund | +2.9% | |
| Mixed Asset Funds | Mixed Asset Fund – (>80-100% Equity) | +4.8% |
| Mixed Asset Fund – (>60-80% Equity) | +4.0% | |
| Mixed Asset Fund- (>40-60% Equity) | +2.9% | |
| Mixed Asset Fund – (>20-40% Equity) | +1.9% | |
| Target-Date Fund | +4.6% | |
| Dynamic Allocation Fund | +3.0% | |
| Other Mixed Asset Fund | +1.5% | |
| Fixed Income Funds | MPF Conservative Fund | +0.1% |
| Guaranteed Fund | +0.6% | |
| Global Bond Fund | +0.3% | |
| Hong Kong Dollar Bond Fund | -0.1% | |
| RMB bond Fund | -0.1% | |
| Asian Bond Fund | +0.3% | |
| HKD Money Market Fund | +0.1% | |
| RMB & HKD Money Market Fund | +0.0% | |
| DIS Funds | DIS Core Accumulation Fund | +1.3% |
| DIS Age 65 Plus Fund | +0.5% |
As of February 18, 2025:
MPF Market Performance in February 2025
The MPF market in February showed remarkable performance, with the Hong Kong Equity Fund and Greater China Equity Fund achieving returns of 12.3% and 9.5%, respectively, indicating strong growth momentum. Overall, equity funds and mixed asset funds stood out, providing substantial returns for investors. Such market performance undoubtedly boosts investor confidence, with hopes that the MPF market will continue this positive trend in the future.
Equity Fund Performance Analysis
The Hong Kong Equity Fund and Greater China Equity Fund were particularly outstanding in February, recording returns of 12.3% and 9.5%, respectively. This was mainly due to the strong performance of the stock markets in Hong Kong and Greater China, especially in the technology and financial sectors. The Hong Kong Equity Fund (Tracking Index) led the way with a return of 13.5%, demonstrating the advantages of passive management funds during market upswings.
Mixed Asset Fund Performance Analysis
Mixed asset funds also performed well in February, especially those Mixed Asset Fund – (>80-100% Equity), recording a return of 4.8%. These funds can fully benefit from rising stock markets while also reducing risk through diversified investments.
Fixed Income Fund Performance Analysis
In contrast, fixed income funds showed more stable performance. The MPF Conservative Fund and Global Bond Fund recorded returns of 0.1% and 0.3%, respectively, indicating that these funds can provide stable returns during market volatility.
Summary
Overall, the MPF market in February was strong, with outstanding performance from equity funds and mixed asset funds bringing substantial returns to investors. In the future, as the market continues to evolve, investors should maintain flexible investment strategies and adjust asset allocations according to market conditions to achieve optimal returns.
Notes:
- The average MPF return per member is calculated using total MPF assets HK$1,316,232 millions of the previous month (as of 31 December 2024). The number of MPF Scheme members was 4,754,000 as of 31 December 2023. The latest average assets per member was HK$276,868 as of 31 January 2024. The GUM MPF Composite Index return for February 2025 as of February 18, 2025.
*The growth of all fund categories indexes is calculated by asset-weighted point-to-point growth. The data for February return is summarized from 1 February to 18 February 2025.
－ The End －
About GUM
GUM is a boutique consulting firm that provides solutions to corporate on MPF and employee benefits. We focus on people and that is why we put “U” in the very core of our brand “GUM”. Our priorities are always meeting the needs of our corporate clients and their employees, our strategic partners as well as all MPF members of Hong Kong. With our vast market experience and expert teams around actuarial, investment and employee communication, GUM leads the market to innovate, walking hand in hand with our clients to go faster and further.
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Phone: (852) 9126-9332 / (852) 6011-5603
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Website: www.gumhk.com
This document provided the information on an “AS IS” basis. The Company undertakes no obligation to update any of the information contained in this document. Some information contained in this document contains forward-looking statements. The words “believe”, “expect” and similar expressions are also intended to identify forward-looking statements. These forward-looking statements are not historical facts. Rather, these forward-looking statements are based on the current beliefs, assumptions, expectations, estimates, and projections of our management. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Consequently, actual results could differ materially from those expressed, implied or forecasted in these forward-looking statements. Reliance should not be placed on these forward-looking statements.