Hong Kong Monetary Authority: Actively-managed ETFs may be included in the MPF fund's permitted investment categories but not exceed 10% of the fund's net asset value.

2026-03-10 19:38

Zhitongcaijing
On March 10, the Hong Kong Mandatory Provident Fund Schemes Authority updated the "Guidelines on Stock and Other Securities Investments," including actively managed ETFs as a permitted investment category for Mandatory Provident Fund schemes. However, investments in such assets cannot exceed 10% of the fund's net asset value. The related actively managed ETFs must also be approved by the Securities and Futures Commission of Hong Kong and listed on the Hong Kong Stock Exchange, while also meeting the relevant requirements for the permitted asset categories of the Mandatory Provident Fund.
On March 10th, the Hong Kong Monetary Authority updated its "Guidelines on Stock and Other Securities Investments", including actively managed ETFs as a whole asset class under the permitted investment category for Trillions of MPF funds. However, the investment in such assets should not exceed 10% of the fund's net asset value, and the relevant actively managed ETFs must be approved by the Securities and Futures Commission of Hong Kong and listed on the Hong Kong Stock Exchange, while also meeting the requirements of the permitted asset categories for Trillions of MPF.
The Hong Kong Monetary Authority stated that there are currently about 40 actively managed ETFs in the market. This inclusion measure provides a framework and clear guidelines for the trustees and investment managers of Trillions of MPF to assess which actively managed ETFs meet the conditions and are suitable for investment based on the individual fund's situation.