MSCI launches its first indices to meet MPF rules
The index provider says its new products negate the need for managers to currency hedge to meet the Mandatory Provident Fund's 30% rule on minimum HK dollar assets.
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Index provider MSCI has launched its first indices to comply with Hong Kong's Mandatory Provident Fund (MPF) guidelines. Its products now sit alongside those from FTSE and Hang Seng.
MSCI claims its Hong Kong MPF Indices, which are split into domestic, hedged and unhedged, will offer cost savings. A year ago Vanguard dropped MSCI for FTSE as its benchmark provider on 22 US-domiciled index funds over cost in what was the world's largest benchmark switch.
MPF requirements state al…
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