The Hong Kong government is pressing the Mandatory Provident Fund (MPF) to lower its investment management fee, Global Pensions reports. It says there is room to further cut the fund’s expense ratio, already down to1.82 percent from 2.1 percent in January 2008. The MPF includes 41 different pension schemes and has invested 66 percent in equities, 22 percent in debt and the remaining of its $35 billion in net assets after benefits, in deposits and cash. It has generated 5.5 percent in returns over the last 10 years, net of fees.
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