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 [bdf00a53][eb49a737]. 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 [eb49a737].
Francis Chung, chairman of MPF Ratings, expressed optimism for 2025, noting that the incoming Trump administration could significantly influence market dynamics [bdf00a53]. Meanwhile, Martin Wan from GUM highlighted that US equity funds attracted HK$17.8 billion, reflecting strong investor confidence [eb49a737]. 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 [eb49a737]. 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 [eb49a737].