GUM: The average earnings of Hong Kong's Mandatory Provident Fund in 2024 exceed HKD 22,000, the highest in nearly four years
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As of December 27, 2023, the average earnings of Hong Kong Mandatory Provident Fund (MPF) participants reached HKD 22,869, the highest in nearly four years, with total returns increasing by 3.5% compared to 2023. The GUM MPF Composite Index return was 9.3%. U.S. stock funds are expected to yield a return of 10% in the first half of the year, while Hong Kong stocks are projected at 5%. Investors are advised to avoid European stocks and bond funds. Year-to-date, net outflows have primarily come from mainland and Hong Kong stock funds, while U.S. stock funds recorded a net inflow of HKD 17.8 billion
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