Investment Management

The investment of all MPF scheme assets is done by investment managers that are registered with the Securities and Futures Commission (SFC). The primary investment manager of any MPF scheme must be a locally incorporated investment management company with at least HK$10 million in paid up share capital, and net assets of at least the same amount. Appropriate registration with the SFC is required for the management of authorized unit trusts or pooled retirement funds. Additional expertise is necessary if the fund invests in financial derivatives.

Investment management of foreign securities may be delegated to other investment managers that are authorized by recognized regulatory authorities and are associated with a Hong Kong based investment manager.

The trustee and the investment manager are bound by detailed duties and powers set out in the law regarding the administration and investment management of MPF funds.