Hong Kong's MPF hits 6.99% five-year return

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HONG KONG - Hong Kong's Mandatory Provident Fund (MPF) System recorded an annualised return of 6.99% over the five-year period to March 2006, however, people invested solely in money market funds reaped a return of just 0.6%.

The MPF is the defined contribution pension system set up in 2000 to help counter the effects of an ageing population where some 12% are over the age of 65.According the Manditory Provident Fund Sc...

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