HK MPF average growth slows to 6.31%

HK MPF average growth slows to 6.31% – press

Hong Kong Mandatory Provident Funds gained 6.31% on average this year as at December 21,much lower than the record-high growth of 25.79% in 2009, according to data from Thomson Reuters.
Equity funds of Korea, Asia Pacific ex-Japan and North America led the gains, jumping 14.37%, 12.9% and 11.44%.
“The modest growth of MPF funds was well expected because of the high base a year earlier,” fund consultancy Gain Mile general manager Gloria Siu Mei-fung said.
(The Standard)