香港积金局：去年强积金整体净回报16.5% 连续三年正回报

Core Viewpoint - The Hong Kong Mandatory Provident Fund (MPF) recorded a net return of 16.5% for the year 2025, marking the third consecutive year of positive returns, with previous returns of 8.6% in 2024 and 3.4% in 2023 [1] Group 1: Fund Performance - All categories of MPF funds, including equity funds, mixed asset funds, bond funds, guaranteed funds, conservative funds, and money market funds (excluding conservative funds), achieved positive returns over the past year [1] - The total assets of the MPF reached approximately HKD 1,550 billion, surpassing historical highs due to favorable investment performance [1] Group 2: Long-term Returns - Since the implementation of the MPF system, the average annualized net returns for equity funds and mixed asset funds, which account for 80% of total MPF assets, were 5.0% and 4.5% respectively, outperforming the annualized inflation rate of 1.8% during the same period [1] - The average annualized net returns for bond funds, guaranteed funds, conservative funds, and money market funds were 1.9%, 1.1%, 1.0%, and 1.0% respectively [1] Group 3: Default Investment Strategy (DIS) - The core accumulation fund under the "Default Investment Strategy" (DIS), launched in 2017, has an average annualized net return of 6.9%, also exceeding the annualized inflation rate of 1.8% during the same period [1] - The "lazy fund" for those aged 65 and above has an average annualized net return of 2.5% since its inception in 2017 [1] Group 4: Investment Perspective - The Hong Kong MPF Authority advises members to view the MPF as a long-term investment spanning over 40 years, rather than a short-term investment, and cautions against attempting to time the market [1]