MPF Ratings: Per-Capita Gain Hits HK$6,258 in August

HONG KONG — Independent MPF research provider MPF Ratings Ltd has released its latest report, showing that as markets approach August’s final trading week, the MPF system is currently showing an investment gain of approximately 1.85% (as measured by the MPFR All Fund Performance Index as at 21 August), a result which sees MPF tracking a year-to-date return of 8.21%.

Steady Per-Capita Gains

Driven by August’s expected gain, the MPF system is projected to record a monthly investment gain of $31.1bn, bringing year-to-date investment gains to $128.7bn — equivalent to an average monthly and year-to-date gain of HK$6,258 and HK$26,561 per MPF’s 4.97 million scheme members.

Total Assets Near $1.713tr

After factoring in contributions and investment results, total MPF assets are set to end August at approximately $1.713tr (up $34.1bn from end of July and up $159bn year-to-date), equivalent to an average MPF account balance of $344,760 per MPF’s 4.97m members.

Performance by Asset Class

At the asset class level, Asian equities continue to lead year-to-date returns on the back of strong but highly volatile returns from the tech-dominant Korean and Taiwan markets, while RMB bonds are recording their highest year-to-date returns since MPF’s inception. Francis Chung, Chairman of MPF Ratings Ltd, noted that if MPF ends the month positively it will be the 7th time the system has recorded 6 positive months out of a possible 8, and only on one occasion (in 2021) has the system ended the year with a loss.

Investment Takeaway

Chung emphasised that this year shows large dispersions between asset class returns — ranging from roughly 26% for Asian equities to losses in some bond funds — highlighting the critical role diversification plays in helping MPF members achieve their retirement objectives. Members are encouraged to remain invested and well diversified, and may consider the MPFA-mandated low-fee Default Investment Strategy (DIS) funds.

Sources: MPF Ratings report on August MPF performance (26 August 2026); Mandatory Provident Fund Schemes Authority (MPFA).