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MPF Ratings Expects MPF System Feb Investment Gain to Be 3.49%, Investment Gain per Member to Be $9,900
Recommend 5 Positive 7 Negative 1 |
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As at 19 February, data shows that the MPF system is tracking towards a February investment gain of approx. 3.49%, which would take YTD gains to 5.15%, a third best first 2-month result since MPF's launch, according to MPF Ratings' announcement. Should the current trend prevail, MPF Ratings said that February's MTD investment gain would be approx. $47.2 billion, or $9,900 per MPF's 4.75 million members, the highest absolute dollar gain since September 2024 to take YTD investment gains to $67.9 billion, or $14,300 per member. In addition, MPF Ratings added that Hong Kong and China equities lead the way in February, posting a MTD return of 11.63%. After factoring in contributions, total MPF assets are presently forecasted to end February at approx. $1.367 trillion, up $50.7 billion from the end of January, equivalent to an average MPF account balance of $287,500. AAStocks Financial News |
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