Lipper: MPF up 0.37% in August, mixed funds beat equity and bond

This article is a rewrite of a report from September 2012.

Era context: The original was short — Lipper Hong Kong’s routine August 2012 fund report. The ECB, the Fed and the Bank of Japan had just announced fresh monetary stimulus, lifting optimism — but the report cautioned it was too early to call the optimism durable.

Lipper’s August mpf fund performance report showed Hong Kong MPF up an average 0.37%:

Mixed-asset outperformed both bond and equity.

Lipper’s Hong Kong authorised-funds report for August showed a 1.24% average gain, driven by equity funds (+1.40%) and mixed funds (+0.95%); bond funds rose 1.09%.

Would the optimism last?

The report said the ECB, Fed and BOJ stimulus had successfully lifted investor optimism and the global market outlook. But looking further ahead, calling the optimism sustainable was premature — subsequent events could easily undo the stimulus’s positive effects.