The Mandatory Provident Fund (MPF) in Hong Kong is set to deliver its best performance in four years, with each member expected to earn an average of HK$22,869 (approximately US$2,940) for 2024. This marks the highest gain since 2020 and is part of an overall estimated gain of HK$102.8 billion (around US$13.2 billion) as of December 18, 2024 21. The gains are attributed to a robust recovery in global markets, with equity funds leading the performance with over 10% growth, particularly driven by US stock market funds, which reported a remarkable 23.3% increase 1.
Francis Chung, chairman of MPF Ratings, expressed optimism for 2025, noting that the incoming Trump administration could significantly influence market dynamics 2. Meanwhile, Martin Wan from GUM highlighted that US equity funds attracted HK$17.8 billion, reflecting strong investor confidence 1. Michael Chan, GUM's managing director, anticipates continued upward trends into the first quarter of 2025, buoyed by expected GDP growth in China of 5.4 to 5.5% in Q4 2024 1. Chan advises medium and high-risk investors to seize opportunities in the markets next year, expressing optimism about US stocks while remaining cautious about European stocks 1.
