Which is the best MPF in Hong Kong?
Which is the best MPF in Hong Kong?
Top 10 MPF funds by 1-year investment return as of 31 December 2019:
| Rank | Fund Name | 1-year return as of 31 Dec 2019 |
|---|---|---|
| 1 | BOC-Prudential My Choice China Equity Fund | 35.46% |
| 2 | Mass Greater China Equity Fund | 34.74% |
| 3 | Allianz Oriental Pacific Fund – A | 34.12% |
| 4 | Principal Smart Plan – Dynamic Greater China Equity Fund | 31.94% |
Is MPF a good investment?
MPF funds are required by law to meet minimum diversification standards. Assets in an MPF fund with better performance can balance out the losses from assets with poorer performance to reduce investment risks.
How do I log into my HSBC MPF account?
Logon to HSBC HK Mobile Banking app. Call the HSBC MPF Member Hotline on +852 3128 0128 (Please refer to the section ‘HSBC MPF Member Hotline’ in Member Service Guide for the user’s guide) Check your account at HSBC and Hang Seng Bank’s ATMs using your ATM card or credit card with HSBC.
How do I choose an MPF?
Five steps to choosing MPF funds
- Step 1 – Understand the types of funds.
- Step 2 – Decide the proportion of equities, bonds and other assets in your portfolio.
- Step 3 – Look at the risk level of the funds.
- Step 4 – Check the fees of the funds.
- Step 5 – Examine the performance of the funds.
What is MPF Conservative fund?
An MPF conservative fund is a type of money market fund. It invests exclusively in Hong Kong-dollar assets, either in short-term bank deposits or short-term bonds. Even though an MPF conservative fund is considered a low-risk investment product, it is not principal-protected.
How many MPF companies are there in Hong Kong?
There were 19 MPF trustees, 38 MPF schemes and 457 MPF funds (among which 180 were low- fee funds with fee of 1 per cent or below or Fund Expense Ratio# of 1.3 per cent or below). The Net Asset Value of all MPF schemes amounted to $594.21 billion.
How long does it take to get your MPF?
Generally, trustees are required to pay out the MPF within 30 days after receiving all required documents. The statutory declaration submitted to trustees must be original.
What is MPF investment?
A money market fund generally invests in short-term, high quality interest bearing securities (e.g. short-term certificates of deposit, government papers or commercial papers) with the aim of earning an interest rate higher than that of savings deposits.
How do I access my MPF account?
You may check your MPF account balance in the following ways:
- Manulife Online Service: Log in to Manulife customer website.
- Phone: Call our Smart Call hotline (852) 2108 1313.
- Member Benefit Statement: Log in to Manulife customer website to view your e-Member Benefit Statement.
How do I access my MPF in Hong Kong?
Scheme members may withdraw their MPF in a lump sum or by instalments….Scheme members may make the statutory declaration outside Hong Kong provided that the declaration is made before, signed and sealed (if applicable) by:
- a Notary Public; or.
- a person authorised under the law of that place to administer an oath; or.
What is MPF Hong Kong?
The Mandatory Provident Fund (Chinese: 強制性公積金), often abbreviated as MPF (強積金), is a compulsory saving scheme (pension fund) for the retirement of residents in Hong Kong.
How much is MPF in Hong Kong?
How to calculate contributions? Employees and employers are both required to make mandatory contributions of 5% of the employee’s relevant income into the employee’s MPF account, subject to the minimum and maximum relevant income levels.
Can a fidelity Conservative fund be placed in a bank?
The MPF Conservative Fund under the Fidelity Retirement Master Trust does not guarantee the repayment of capital. The purchase of a Unit in the MPF Conservative Fund is not the same as placing funds on deposit with a bank or deposit-taking company.
Are there any third party materials that fidelity approves?
Fidelity has not been involved in the preparation, adoption or editing of such third party materials and does not explicitly or implicitly endorse or approve such content. Any opinions or recommendations expressed on third party materials are solely those of the independent providers, not of Fidelity.
What does the fidelity advantage portfolio fund do?
The Fidelity Advantage Portfolio Fund is an umbrella fund with a number of sub-funds with different investment objectives and risk profiles. These Sub-funds may gain exposure to equities, debt, money market securities and/or other instruments, including derivatives.
What kind of investments do Fidelity Funds invest in?
Fidelity Funds is an umbrella fund with funds investing in equities, debt, money market securities and/or other instruments, including derivatives. Funds are subject to risk to capital and income, valuation and foreign currency risks.