Iran Situation | In March, the average loss of the Mandatory Provident Fund exceeded HKD 20,000, with all stock fund ratings declining

Affected by the tense situation in Iran, global stock markets significantly declined in March, resulting in losses for Mandatory Provident Fund (MPF) account holders. As of March 23, the MPF recorded an investment loss of approximately 6.3%, expected to be the worst-performing month since September 2022, with total assets projected to drop to about HKD 15.31 trillion, a decrease of HKD 100.3 billion from the end of February. The average account balance per member is HKD 319,345, down HKD 20,917 from the end of February. All types of equity funds suffered losses, particularly Japanese stocks, which recorded the largest monthly decline since October 2008