MPF performance ranking: HK$1,562 per worker in July — but still down over the year

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

The long-underperforming MPF finally regained ground in mid-2012. Lipper data showed July staying positive after June’s return to profit — but celebrations were premature: the 12-month numbers were still red.

How much did July earn?

About HK$1,562 per worker. June’s 2.37% rebound proved fleeting; July slowed to 1.13%, barely beating the Hang Seng’s 0.31%. The first seven months returned 4.39% — roughly HK$6,068 per worker on HK$371.7 billion of assets across 2.58 million workers.

MPF performance ranking: which categories led?

Was it really a turnaround?

Not yet — the trailing 12 months were still down 6.28%, nearly HK$10,000 per worker. A false spring that had not erased the losses from late last year into early this, and clearly behind high-yield products on the market. Ground regained is good news — but not dry land.