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MPF future looks passive as HK opts for 'default' fund

Richard Newell
The fund industry's arguments over active management have been dismissed by the Hong Kong government and the pension authority, paving the way for the introduction of a low-cost and largely passive default fund.
MPF future looks passive as HK opts for 'default' fund

Plans for a new low-cost, largely passive default fund for retirement scheme members in Hong Kong took a step closer yesterday, with the government coming out firmly in favour of the idea.

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