How Much Did MPF Earn in the First Half of 2011?

What did Wen Wei Po report?

A July 2011 roundup: MPF returned just 0.01% in the first half — HK$14.50 per worker on average, under half the minimum-wage hourly rate; 2.5 million workers had little to smile about. On MPFA end-2010 data, average pots were HK$145,000; the best fund was Manulife’s Healthcare Fund (+9.45%), with three Europe equity funds in the top five (UK/Germany-focused, not the PIIGS); beloved mainland and HK equity funds averaged –5%.

Why so poor?

Mainland inflation plus Europe’s debt crisis: June saw Greater China equities –6.02%, HK equities –5.85%, overall June –2.9%; over the half, bond funds were steadiest at +3.15%.

What did experts say?

The next 18 months looked promising; MPF is long-term, so buy the dip. Don’t fear a weak half — long-term fund choice matters, starting at MPF fund comparison.