The MPF Ratings announced today (Nov. 22) that as of November 19, the MPF's return for November has fallen by approximately 0.38%. It is estimated that there has been an investment loss of around HK$7.1 billion from November to date, which is equivalent to an average loss of about HK$1,500 for the 4.75 million MPF members. However, the MPF has still maintained positive growth this year, which increases by approximately 9.15%, marking the best performance for the first 11 months since 2017.

MPF Ratings stated that influenced by the results of the U.S. elections, U.S. equity funds have been the best-performing fund category so far this month, rising by 3.93%. This is followed by global equity funds, which increased by 1.95%, and the DIS Core Accumulation Fund, which rose by 1.2%. It is worth noting that the asset allocation of these two types of funds is heavily weighted towards U.S. stocks.

Additionally, concerns over potential tariffs and trade restrictions from the U.S. have made mainland and Hong Kong equity funds the second worst-performing asset category this month, with a loss of about 2.82%. However, they remain the fourth best-performing asset class so far this year, with a return of approximately 14.63%.

Due to the anticipated monthly loss in November, MPF Ratings expects total MPF assets to decline to around HK$12.87 trillion. This would still be the third highest level since the MPF's inception, down by approximately HK$4.5 billion from October. However, year-to-date, there has still been an increase of about HK$146.4 billion. The average account balance for members is expected to drop to around HK$270,700, a decrease of about HK$900 from October, but still an increase of approximately HK$30,800 year-to-date.

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