MPF fund performance: November loss of HK$5,305 per member, down 8.67% over 11 months

Weighed down by unstable capital markets, Hong Kong MPF funds bled again in November 2011 after October’s rebound. According to Thomson Reuters Lipper data, MPF funds lost 3.8% in November alone — HK$5,305 per member on average, nearly wiping out the HK$6,000 government handout. Over the first 11 months of the year, the cumulative loss reached 8.67%, or HK$12,473.4 per member — easily a month’s salary.

How much did the average MPF member lose in November 2011?

According to Thomson Reuters Lipper data, MPF funds lost 3.8% in November 2011 — HK$5,305 per member on average, nearly wiping out the HK$6,000 government handout; over the first 11 months the cumulative loss reached 8.67%, or HK$12,473 per member, roughly a month’s pay.

November and year-to-date performance (as at end-November 2011)

Nearly every fund category was in the red in November, except healthcare equity funds (+1.16%) — though declines had narrowed from double digits to single digits. One small consolation: the Hang Seng Index fell 9.44% in November and 17.34% year-to-date, so MPF outperformed the broader market — losing less counts as a win. Total MPF assets stood at about HK$365.443 billion at end-2010.