MPF研究机构积金评级指出，根据"积金评级所有基金表现指数"，9月份香港强积金整体投资回报涨幅 约为3.56%，推动2025年第三季回报达6.41%，年初至今累计回报更达15.83%，创2009以来最强首九个 月表现。 按金额计算，估算强积金9月份投资收益达525亿港元(即479万名强积金成员每人平均赚约10,942港元)， 第三季累计收益918亿港元(人均19,150港元)，年初至今总收益更突破2,070亿港元(人均43,225港元)，刷 新年度收益历史纪录。 香港及内地股票基金持续领跑，九月单月回报8.47%，第三季与年初至今回报分别达15.85%及37.28%， 此为强积金历来第三佳九个月表现，更是2009年以来最佳纪录。 计入供款后，强积金总资产于9月底连续第五个月创新高，达约1.53万亿港元(较8月增长554.6亿)，相当 于479万名成员平均账户结余达31.9万港元(较八月增11,568港元，自2025年初累增49,869港元)。 积金评级表示，香港及内地股票基金以37.28%的年初至今回报率领跑强积金表现，如此佳绩可能令成 员预期强劲表现将持续，但警示必须保持警惕，坚持分散投资与长期策略。 ...

Core Insights - The Hong Kong Mandatory Provident Fund (MPF) experienced a slight decline of approximately 0.61% in April, marking the second monthly loss in 2025, despite recovering from early-month drops [1] - As of April, the total assets of the MPF are estimated at approximately HKD 1.333 trillion, a decrease of about HKD 45 billion from March, but an increase of approximately HKD 423 billion year-to-date [1][2] Summary by Category Performance Overview - In April, the MPF incurred investment losses of around HKD 8.2 billion, with an average loss of about HKD 1,700 per member, while year-to-date returns amount to approximately HKD 26.6 billion, averaging HKD 5,600 per member [1] - The largest asset category, Mainland China and Hong Kong stock funds, recorded the worst performance in April with a decline of about 3.94%, yet year-to-date, it has risen by approximately 7.54% [1] Comparative Analysis - The performance of Mainland China and Hong Kong stock funds in the first four months of 2025 is noted as the seventh-best since the MPF's inception, contrasting sharply with the US stock funds, which have seen a year-to-date decline of about 6.21%, marking it as the fourth-worst performance in the same period [2]