MPFs suffer negative return
By Chito Santiago
The Mandatory Provident Funds (MPFs) in Hong Kong suffered an average negative return of 9.29% in the first half of 2008, their largest average loss for the first six months of a year since the MPF system was launched in December 2000. In June alone, the MPFs incurred an average loss of 5.26% - their largest average monthly loss since January 2008