MPF Rating: Hong Kong's Mandatory Provident Fund returned 15.8% in the first three quarters.

On October 16, the research institution for Hong Kong's Mandatory Provident Fund released data showing that as of the end of September, the third quarter return rate of the Trillions of MPF system reached 6.4%, with a return rate of 15.8% year-to-date, driving the total assets of the Trillions of MPF to a new high of approximately HK$1.5 trillion. This is equivalent to an average account balance of HK$319,000 for the 4.79 million members of the Trillions of MPF. The research institution pointed out that there was a net inflow of approximately HK$8 billion in the third quarter, the lowest since the third quarter of 2021. This decrease has led to an estimated net inflow of HK$31.6 billion for the year-to-date period ending in 2025, the lowest since 2021. Regarding the historical decline in net inflow of the Trillions of MPF, the Chairman of the research institution for Hong Kong's Mandatory Provident Fund, Francis Chung, stated that there are multiple factors, rather than a single reason, that may be causing the slowdown. Factors such as permanent emigration, reduced voluntary contributions, and retirees withdrawing funds may all contribute to capital outflows. The DIS (Default Investment Strategy) funds received over 50% net inflow in a quarter for the first time since 2023, accounting for 55.4%, or HK$48.2 billion. Additionally, there continues to be interest in U.S stock funds, with a rebound in net inflows from the low point on "Liberation Day". Approximately HK$3.9 billion, or 44.3% of the total net inflow in the third quarter, was invested in the U.S market. The research institution for Hong Kong's Mandatory Provident Fund stated that as the Trillions of MPF system transitions to the MPF eChannel, a trend towards the dominance of the four major providers- Manulife, HSBC, Sun Life, and AIA- is establishing itself.