[FunBlog Blog]HSBC MPF 20 funds only win one win in action ｜ Finance ｜ Daily ｜ FunBLOGBLOG ｜ Column ｜ Column ｜ 20201122

Starting today, a trustee will be recruited on a day-to-day basis to list the performance of all of their MPF plans (from the past year to the past 15 years). Those that have done well deserve to be recommended, and those that have underperformed for a long time need to be replaced. You can use the data, Add your experience to make judgments.

Today, HSBC, which holds the largest market share, along with Hang Seng, ranks first in the MPF market with a market share of around 25%, with an asset management scale of 250 billion yuan and a commission of management of over 3 billion yuan per year. As a leading company, with such economies of scale, it should be done right. Essentially, it should also reach the overall market average. Bad performance only means “mismanagement” against trouble.

To make it easier for readers to judge whether their MPF is good or bad afterwards, a table has been created to list the average return performance of 19 types of MPFs. It is sufficient to compare your MPF with the average value of various MPFs to know if it is an outperformer or an underperformer; MPF posted a positive single-digit return, but the overall return was double-digit, which means you win and lose again.

Statistics found that, regardless of the past year or three, among HSBC’s 20 MPFs, only one Chinese equity fund did well and outperformed its competitors, with returns of 24% and 23%, respectively.

There are nine Chinese funds on the market, with returns of 8% and 5% respectively over the past one and three years. The HSBC Hang Seng China Enterprise Index fund, also a Chinese equity fund, posted negative returns of 5% and negative 8% over the same period and, while similar, their performance is polarized.

The HSBC China and Hong Kong Equity Fund, included in the Greater China Stock Classification, gained 10% over the past year, considered green. However, compared to the 24% average return in the industry, the truth is far underperformed. It is only natural that the Tracker Fund (2800) underperformed.

As for US and Hong Kong equity funds, HSBC also underperformed, while lazy funds barely achieved mid-market returns.

I started writing MPF related articles about eight years ago. The flaws of MPF are that it is doing well and badly, and the administrators smile and raise money; wage earners do not care about MPF, ignore them and indulge the trustee’s “hello” in a disguised way and continue to lie down to raise money. . Even though it is semi-free and open and allows everyone to transfer half of their confession, the reaction is numb and the wage earners do not care or act.

The result is that the leader’s trustees, who hurt, are still the leader. Only when everyone acts with their feet and “say no to waste” will the good money chase away the bad money and be forced to take it seriously. Eight years ago, I wrote an article calling for a transfer action. Please refer to the following link for details, https://bit.ly/3lP8pVJ. Eight years later, forcing the 20th anniversary of gold, the transfer amount has doubled and if it continues to hold it, the yield is less than 30%.

If you have any comments or suggestions in the attached table, you can leave a message in the “Million MPF ​​Rolling Money Group” (https://bit.ly/3pNmV2L).

Actions

fb.com/stockwing1