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MPF Ratings: MPF System Records 8.82% 2024 Annual Return w/ Avg. Earnings $21,500 per Member
Recommend 3 Positive 4 Negative 1 |
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The MPF system recorded a December monthly loss of 0.81%, and recorded an 8.82% 2024 annual return, its best calendar year performance since 2020, according to MPF Ratings' announcement. In absolute dollar terms, the system has delivered annual earnings of $102.4 billion, or $21,500 per MPF's 4.75 million members. After factoring in contributions, MPF Ratings expected MPF's total asset size to be $1.29 trillion, the 4th highest level since MPF's launch, and equivalent to $271,500 per MPF's 4.75 million members. Investment highlights for 2024 include Hong Kong and China equities ending its 3-year losing streak and US equities recording its 2nd consecutive annual gain exceeding 20%, according to MPF Ratings. While local equities is MPF's most important asset class, immediate focus now turns to US President-Elect, Donald Trump's inauguration. 2025 threatens to be about protectionism and deregulation and while this rhetoric has proved popular for US equities, a US bias in MPF portfolios could come with consequences. Diversification minimizes uncertainty and the Mandatory Provident Fund Schemes Authority (MPFA)'s mandated DIS funds continue to be MPF Ratings' preferred investment option for MPF's 4.75 million members. AAStocks Financial News |
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