MPF Rating: The MPF per capita loss in October was NT$5,900 and the investment loss was 2.56% (aaaaimages via Getty Images)
According to the MPF Ratings of the MPF Research Institute, the MPF investment loss in October was approximately 2.56%, and the cumulative investment loss in the first 10 months of this year was approximately 2.72%.
In Hong Kong dollars, investment losses in October were approximately NT$27.8 billion, or an average loss per MPF member of approximately NT$5,900. The cumulative investment losses in the first ten months of this year were approximately NT$30.8 billion, equivalent to an average cumulative investment loss of approximately NT$6,600 per member. Yuan.
After including contributions, it is estimated that the total MPF assets as of the end of October were approximately NT$1.064 trillion, equivalent to an average member account balance of approximately NT$226,600.
MPF Ratings pointed out that the disappointing performance of the U.S. stock market has particularly harmed MPF members. Fund flow data shows that the vast majority of funds flowing into the Mandatory Provident Fund flowed into U.S. stock funds in the third quarter. At the same time, U.S. stock funds posted negative returns for the third consecutive month in October, finally recording a negative return in October. A loss of approximately 2.39%.
In the first 10 months of this year, investment returns were negative for six months, and during the same period last year, there were nine months of negative investment returns, indicating that the market may be close to bottoming out. (cy/k)
~ Aaastocks Financial News Website: www.aastocks.com
2023-11-03 06:46:02
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