Did MPF Beat the Hang Seng Index in 2010?

What was MPF’s overall 2010 return?

MPF averaged 7.15% in 2010, beating the Hang Seng Index’s 5.32% gain. Thomson Reuters Lipper’s survey of 374 Hong Kong MPF funds showed equity funds at 10.22%, mixed-asset at 7.6%, and bond and guaranteed funds at 3.87% and 2.84%. Far below 2009’s near-26% surge, but respectable amid roller-coaster markets — positive and ahead of inflation.

Which equity funds led?

Korean funds topped at 17.15% average, followed by Asia-Pacific ex-Japan at 15.19% and North America at 11.84%; Hong Kong and Greater China funds managed 10% and 9.86%, with China-only funds at just 7.81%. Compare regional funds at MPF fund comparison.

What was the 2011 outlook?

Lipper’s Huang Zeming saw a positive 2011 on ample liquidity, flagging US deficits and the euro debt crisis. Shangcheng’s Zeng Qinglin expected MPF to stay positive, possibly double-digit, stressing returns must beat inflation. JPMorgan’s Yang Yongshi favoured Asia, Greater China and emerging markets, warning of inflation, rate hikes, euro debt and QE effectiveness.