Hong Kong's Pension Fund Loses Record $12.8 Billion in One Month

Hong Kong's Mandatory Provident Fund (MPF) is set to report its worst monthly loss ever. The pension fund lost over HK$100 billion (US$12.8 billion) in March alone. This is the largest single-month loss since the MPF began 25 years ago. The drop was caused by sharp falls in global stock markets last month. The fund's 378 investment plans lost a combined HK$103.3 billion. About 4.8 million Hong Kong workers use the MPF for retirement savings. The ongoing conflict in the Middle East is creating further uncertainty. The pension regulator and financial analysts now urge members to diversify their investments. A diversified approach means spreading money across different asset types. This strategy can help reduce risk during periods of market volatility.