ETFs & Mutual Funds
Hong Kong Pension Fund Assets Drop $5.6 Billion in April Selloff
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Hong Kong’s public pension fund is on track for a paper loss of about HK$43.4 billion ($5.6 billion) this month after the escalating trade war hammered global stocks.
An estimated 3.2% decline in April puts the Mandatory Provident Fund on course for its worst performance for the first four months since 2022, according to research firm MPF Ratings Ltd.