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MPFA today (6 October) announced that the total MPF assets surpassed $1.5 trillion (with the provisional figure at $1.53 trillion) as at end-September 2025, a milestone marking that the aggregate retirement reserves of over 4 million MPF scheme members have scaled new heights. 

MPFA Chairman Mrs Ayesha Macpherson Lau said, “The total MPF assets surpassing the $1.5 trillion mark is another significant milestone of the MPF System. Within the increase in the total MPF assets so far this year, more than $200 billion were net investment returns. I am very pleased to see the total MPF assets scaling new heights. This underscores the ability of MPF to help the working population accumulate steadily retirement savings through regular contributions, continuous investments and compounding effect over time. Building on this solid foundation, we will continue to enhance the MPF System to provide better basic retirement protection for the working population.”

Meanwhile, the MPFA also released the provisional figures on MPF investment returns by fund type as at end-September 2025, with details as follows:

<sub>Notes: 
* Return figures are net of fee and charges.
**  The annualized inflation rates since the inception of the MPF System and since the launch of DIS were both 1.8%; the annualized inflation rates over the past 10 years and over the past 5 years were 2.0% and 1.8% respectively; the inflation rate over the past 12 months was 1.1% (inflation rates are figures up to August 2025).
@ “Highest” and “Lowest” refer to the highest and lowest annualized net return among individual funds in each fund type during the relevant period respectively.</sub>

Equity Fund and Mixed Assets Fund, which together accounted for close to 80% of total MPF assets, recorded average net returns of 18.8% and 10.6% respectively, over the previous 12 months, and registered average annualized net returns of 5.1% and 4.5% respectively since the inception of the MPF System. Regarding Core Accumulation Fund under DIS, commonly called “funds for lazy people”, its average net return over the previous 12 months and average annualized net return since launch in 2017 were 9.8% and 6.8% respectively. The average annualized net returns of the aforementioned fund types since the inception of the MPF System and the launch of DIS exceeded the annualized inflation rates for the respective periods (both at 1.8%). 

MPF is a long-term investment spanning over 40 years. MPFA reminds scheme members that they should make sound personal investment plans based on their life stage, financial situation and risk-tolerance level, and should not adopt a short-term investment approach in managing their MPF or try to time the market. 

Furthermore, the average investment returns of individual fund types are generalized statistical values, which serve only as broad reference. During the regular review of their MPF portfolio, scheme members are advised to examine their investment objectives, risk class of individual funds, the fund expense ratios and performance over different time horizons etc., to build up a personalized MPF investment portfolio. Such information can be found in MPFA’s MPF Fund Platform, fund fact sheets, and information provided by individual MPF schemes and funds. 

Scheme members who lack the time or investment knowledge to manage their MPF can consider DIS, which adopts a diversified investment approach by investing in global equity and bond markets. DIS also includes an “automatic de-risking” mechanism, which gradually reduces exposure to high-risk assets according to age, thereby effectively reducing investment risk. Moreover, the fee of funds under DIS is capped at 0.95% of the net asset value of the funds. The cap will be further reduced to 0.85% after the respective MPF scheme joins the eMPF Platform, indirectly increasing investment returns.

－Ends－
6 October 2025