Top 10 MPF funds’ performance by year-to-date investment return as of 31 March 2021:

Rank Fund Name Scheme Name / Trustee YTD return as of 31 March 2021
1 Manulife Global Select Japan Equity Fund Manulife Global Select 8.25%
2 AMTD Invesco Europe Fund AMTD 8.14%
3 SHKP MPF Fund SHKP Employer Sponsored 8.00%
4 Mass Global Equity Fund Mass MPF 7.98%
5 BCT (Industry) Global Equity Fund BCT (Industry) 7.93%
6 AIA Prime North American Equity Fund AIA Prime Value Choice 6.55%
7 Hang Seng SuperTrust Plus ValueChoice US Equity Fund Hang Seng SuperTrust Plus 6.41%
8 HSBC SuperTrust Plus ValueChoice US Equity Fund HSBC SuperTrust Plus 6.41%
9 AIA Prime European Equity Fund AIA Prime Value Choice 6.35%
10 Hang Seng SuperTrust Plus Global Equity Fund Hang Seng SuperTrust Plus 6.32%

Source: Mercer MPF Fund Performance Report

Note: Past performance is neither an adequate test of comparative performance nor a reliable indicator of absolute level of returns in the future.

   Speed Read 

  • In 2021 Q1, strong performance has been observed among equity funds, while bond funds faced headwinds.
  • North America Equity Fund has been the best-performing asset class year-to-date in 2021, followed by Global Equity and Europe Equity, with median return of 6.2%, 5.0% and 4.7% respectively. 
  • On the contrary, Global Bond Funds has been the worst-performing asset class, followed by Asia Bond Funds and HK Dollar Bond Funds, with median return of -4.6%, 3.0% and -2.2% respectively.
  • The market sentiment remained broadly optimistic as we saw a significant economic bound in Q1 2021, prompting the outperformance of equity asset classes, being more appealing than other asset classes such as bonds.
  • Does it Matter: A 1% difference in annual investment return can result in ~50% difference in accumulated retirement benefits over a 40-year saving period.

   What Mercer Can Do For You 

  • Review providers for best in market fees and services
    o   Negotiate with existing provider to improve fees and services
    o   Select new providers to replace or add for diversification from incumbent
  • Implementation MPF solutions and employee communications
  • Support employee engagement programs as it relates to MPF benefits
  • Bring you latest market insights from our vantage point in the industry

Please contact our consultants if you wish to discuss this further.

Ambrose Lau: (852) 3476 3961/ ambrose.lau@mercer.com

Rendzina Cheung: (852) 2301 7569/ rendzina.cheung@mercermarshbenefits.com

About Mercer

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