--- title: "BCT: The short-term decline of the Mandatory Provident Fund in November does not hinder its impressive annual performance, urging regular review of the Mandatory Provident Fund investment portfolio" type: "News" locale: "en" url: "https://longbridge.com/en/news/268705201.md" description: "As of the third quarter of this year, the average return for Mandatory Provident Fund (MPF) members exceeded 15%, reaching a recent high, with total assets amounting to HKD 1.53 trillion. Although the MPF market experienced a brief decline in November, the overall performance for the year remains impressive, with total assets hitting a historical high for the seventh consecutive time. A BCT survey shows that public satisfaction with MPF returns is only slightly above the \"average\" level, reflecting investors' greater sensitivity to short-term fluctuations while overlooking the accumulation of long-term returns. Experts recommend regularly reviewing MPF investment portfolios, setting periodic reminders, or using automated tools to ensure long-term returns" datetime: "2025-12-05T04:36:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/268705201.md) - [en](https://longbridge.com/en/news/268705201.md) - [zh-HK](https://longbridge.com/zh-HK/news/268705201.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/268705201.md) | [繁體中文](https://longbridge.com/zh-HK/news/268705201.md) # BCT: The short-term decline of the Mandatory Provident Fund in November does not hinder its impressive annual performance, urging regular review of the Mandatory Provident Fund investment portfolio Pang Yongdong, director of IPP Financial Advisers Limited, stated that as of the third quarter of this year, the average return for Mandatory Provident Fund (MPF) members exceeded 15%, reaching a recent high, with total assets amounting to HKD 1.53 trillion. According to data from the Mandatory Provident Fund Schemes Authority, approximately 11% of the total MPF assets are allocated to conservative funds, which had an average return of 2.5% over the past year. However, the interest rate cut cycle will compress their future performance, and low-risk members need to be aware of the declining income potential. Regularly reviewing the MPF investment portfolio is key to long-term financial management, and it is also recommended to set regular reminders or use automated tools to make portfolio reviews routine, avoiding missed adjustment opportunities. In November, the AQUMON MPF "Composite Fund Index + Inflation Index" fell below expectations in the second half of 2025, recording a slight decline of -0.25%. Wang Yulin, Senior Director of Business Positioning and Client Solutions at BCT, stated that although the MPF market experienced a brief decline in November, the overall performance for the year remains impressive, with total MPF assets reaching a historic high for the seventh consecutive time. However, public satisfaction with MPF returns has not risen correspondingly. According to the "MPF Return Satisfaction Survey" conducted by BCT from November 2023 to October 2025, which randomly selected Hong Kong citizens each month for the survey, as of October this year, respondents believe that a reasonable average annual return rate for MPF over the next five years is 6.4%, while the current average satisfaction with MPF returns is only 5.2 points. Wang Yulin explained that despite the generally positive performance of the MPF market this year, the average satisfaction level shown in the survey is only slightly above "average," reflecting a "psychological gap" among investors. Investors are often more sensitive to short-term fluctuations and overlook the accumulation of long-term returns. The satisfaction level is merely a median, indicating that many citizens lack a deep understanding of MPF investment performance and even hold an "indifferent" attitude. He further pointed out that even if the market performs well, if citizens do not actively manage their accounts, their perception of returns will still be limited. The MPF is a long-term investment and cannot be judged solely based on one or two months of market performance. For workers, even with short-term market fluctuations, continuous long-term contributions and asset allocation are key to ensuring retirement security. Additionally, Pang Yongdong noted that in November, global economic growth showed a divergent trend under multiple factors. The U.S. economy remains resilient, European economic activity is slowing down, while the Chinese market faces challenges of economic deceleration. However, supported by generally favorable corporate earnings and expectations for monetary policy easing, global stock markets recorded a rebound at the end of the month, maintaining a cautiously optimistic overall investment atmosphere. 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