Source:
https://scmp.com/business/money/markets-investing/article/1119376/mpf-bounces-back-profit-fails-keep-pace-hang-seng
Money/ Markets & Investing

MPF bounces back into profit, but fails to keep pace with Hang Seng

Retirement funds rebound from a loss in 2011 to a 12 per cent gain last year - the best return since 2009 - but fail to keep pace with stocks

Retirement funds swung back into the black. Photo: Xinhua

The Mandatory Provident Fund (MPF) enjoyed its best returns since 2009 last year, but could not beat the Hang Seng Index.

The 453 retirement funds, which cover the city's 2.5 million employees, returned on average 12.07 per cent, swinging into the black from an average loss of 8.42 per cent in 2011 and improving on a 7.18 per cent gain in 2010.