Market sell-down leaves MPF funds in the red

The Mandatory Provident Fund, which covers the city's 2.5 million employees, sank back into the red last month as Japanese and emerging-market stocks fell.

The 458 investment funds under the retirement scheme reported an average month-on-month loss of 0.87 per cent after a gain of 1.9 per cent in April, according to data provider Lipper.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1253640/market-sell-down-leaves-mpf-funds-red