Sunday, 11 June 2017

MPF - fund switching

Hong Kong Hang Seng Index was at 26,030.29 on Jun 9, 2017. USA Nasdaq dropped 1.8% (113.846) to 6207.918 even Dow Jones was up 89.44 to 21,271.97.  There is no good news to support market going up although sometimes Mr Market is crazy. Worry about the downward risk, I decided to switch my MPF from high risk equity funds to low risk conservative porfolio.
Current Constituent Fund % of Account Value
Growth Portolio 32.01%
Asian Equity Fund 21.12%
European Equity Fund 25.65%
Hong Kong Equity Fund 21.22%

New porfolio will be 50% Conservative Fund and 50% Gurantee Fund. Currently my MPF porfolio is around HKD180K. Usually I don't put attention on my MPF until this year I want to declare and take back money as I am not live in Hong Kong recent years. But when I told my idea to my dad, he stopped me.  I don't want to against my dad, so I havee to leave my money there. But when I think about my money was 180K at 2015, then later dropped after the peak. So I decide to take active control on my MPF.
Hopefully my fund switching is good decision this time. If market drop, I can buy back the equity fund at low price.

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