Hong Kong's Mandatory Provident Fund Schemes Authority (MPFA) has launched an investor education campaign to raise public understanding of pension fund investments.
As part of the campaign, the MPFA took part in Money World Asia 2001, putting together various exhibits to promote Mandatory Provident Fund (MPF) investment-related knowledge to the public.
MPFA executive director, Diana Chan noted that with the launch of the MPF system more than two million scheme members are buying investment funds.
“As the majority of them are first-time investors who are new to fund investment, we have decided to make investor education one of our priority tasks this year,” she said.
Apart from Money World Asia 2001 the MPFA will use a series of television and radio campaigns which will feature various aspects on MPF investments. The authority has also produced two new publications - “Simple Guide to MPF Investment” and “Getting Started in Funds and MPF”.
According to Alan Wong, deputy managing director of the MPFA only 7.8% of Hong Kong's adult population has any prior experience in investing in a unit trust or mutual fund.
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