Hong Kong’s MPF set to report worst performance in 3 years in March

Hong Kong’s Mandatory Provident Fund (MPF) is poised to report a loss of over HK100 billion (US12.8 billion) for March this week, its worst monthly loss in dollar terms since its inception 25 years ago. The sharp fall in global stock markets last month hit the MPF hard, while the uncertainties ahead stemming from the Middle East conflict have led the pension regulator and analysts to urge the 4.8 million members to adopt a diversified approach.