Industry weighs MPFA proposals

Opinion is divided on recent proposals by Hong Kong’s Mandatory Provident Fund Authority (MPFA), which could see the introduction of fee-capped core funds and a move to more passive investing. While some observers – such as active fund managers – call into question the viability of the plans, others see them as in line with global thinking.  The MPFA is consulting the public on whether to introduce a core fund or funds with an annual management fee of 0.75% or below. The consult…