MPF rating: Hong Kong's Mandatory Provident Fund's net inflow is about HK$48.1 billion in 2024, the lowest annual net inflow since 2021.

Trillions of MPF research institutions estimate that in the fourth quarter of 2024, Hong Kong's Trillions of MPF funds will have a net inflow of approximately 11 billion Hong Kong dollars, with a total net inflow for the whole year reaching around 48.1 billion Hong Kong dollars, the lowest annual net inflow since 2021, a decrease of about 7.9% compared to the five-year average of around 52.3 billion Hong Kong dollars. Supported by two consecutive years of annual returns exceeding 20%, US stock funds attracted over 50% of the total net inflows of Trillions of MPF in 2024, becoming the most popular asset category and achieving a record high net inflow of approximately 24.7 billion Hong Kong dollars. Despite Hong Kong and China stock funds breaking a three-year streak of losses, with an annual return of approximately 15.9%, data shows that there were net outflows for each quarter of 2024, resulting in a total net outflow of about 10.5 billion Hong Kong dollars for the year, making it the worst performing asset category for Trillions of MPF funds. Manulife Trillions of MPF ranked first with a net inflow of approximately 19.4 billion Hong Kong dollars, accounting for about 40.4% of the total net inflows for the year, exceeding the total net inflows of the second to fourth ranked Trillions of MPF scheme sponsors combined. As of the end of December last year, the annual return of Trillions of MPF was approximately 8.82%, with estimated total assets of around 1.291 trillion Hong Kong dollars, equivalent to an average account balance of about 271,600 Hong Kong dollars for 4.75 million Trillions of MPF members. The chairman of the research institution for Hong Kong's Mandatory Provident Fund, Cong Chuanpu, stated that 2025 will be a year full of uncertainty due to market concerns about the new US president, tariff issues, and inflation. Diversified investments are the best asset for investors in uncertain times. Therefore, the company reiterates its support for the DIS fund promoted by the Mandatory Provident Fund Schemes Authority. By combining diversified investments, low fees, and automatic risk reduction mechanisms of DIS, members' investment choices and timing decisions are eased. For the majority of Trillions of MPF members, this is an ideal fund choice.