Poor annual results show just how much MPF needs alternatives, say experts

Amid some of the worst market conditions for more than a decade, Hong Kong’s fund industry has called for the introduction of new - and possibly riskier - asset classes that could provide better long-term risk-adjusted returns to the city’s retirement scheme. These would include exposure to more volatile assets such as alternatives, high yield bonds; and new offerings in the hedging and decumulation space. The remarks come after retirement funds overseen by Hong Kong’s Mandatory…