Asian Equity Fund: Performance & Fees (data as of 2026-09-30)
Asian Equity Fund (AIA MPF - Prime Value Choice) had an MPFA-published 5-year annualised return of +11.39% and an FER of 1.69%; its month-end max drawdown over 2020-07 – 2026-09 was -28.14%. It ranked 1 of 30 Asia equity funds with a 5-year record by 5-year return. Past performance is not indicative of future results.
Data as of 2026-09-30MPFA Fund Platform pageLast updated 2026-10-21
* MPFA-published. † Calculated by us from 75 month-end prices, 2020-07-31 to 2026-09-30.
Returns vs category median
| Period | Asian Equity Fund | Category median (n=30) |
|---|---|---|
| 1y | +33.39% | +30.32% |
| 5y p.a. | +11.39% | +6.80% |
| 10y p.a. | +11.30% | +7.86% |
| 2025 | +34.34% | +26.23% |
| 2024 | +7.24% | +9.76% |
| 2023 | +13.62% | +4.33% |
| 2022 | -18.15% | -21.94% |
| 2021 | +6.26% | -2.72% |
| Max drawdown† | -28.14% | -37.30% |
| FER | 1.69% | 1.42% |
Growth of HK$10,000 (2020-07-31 to 2026-09-30)
Unit prices are net of fund charges; assumes a one-off HK$10,000 with no further contributions. Historical illustration only, not a projection.
| Date | HK$ |
|---|---|
| 2020-07-31 | 10,000 |
| 2020-12-31 | 13,022 |
| 2021-12-31 | 13,836 |
| 2024-12-31 | 13,798 |
| 2025-12-31 | 18,536 |
| 2026-09-30 | 23,556 |
Largest drawdown
From a month-end peak on 2021-05-31 to a trough on 2022-09-30: -28.14%; regained the prior peak by 2024-09-30. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| Haitong Asia Pacific Fund - Class T | Haitong MPF Retirement Fund | +11.26% | 1.87% | 75 | -31.23% |
| Haitong Asia Pacific Fund - Class A | Haitong MPF Retirement Fund | +11.21% | 1.92% | 75 | -31.28% |
| BEA Asian Equity Fund | BEA (MPF) Value Scheme | +10.41% | 0.96% | 75 | -39.45% |
| BEA (MPF) Asian Equity Fund | BEA (MPF) Master Trust Scheme | +10.30% | 1.28% | 75 | -37.96% |
| BEA (Industry Scheme) Asian Equity Fund | BEA (MPF) Industry Scheme | +10.27% | 1.27% | 75 | -37.17% |
* Published by the MPFA (data as of 2026-09-30). † Calculated by this site from month-end unit prices, 2020-07 to 2026-09; "Months" = number of month-end prices available — figures from short histories are less reliable. n/a = not available. Click a column header to sort.
About the fund
- Scheme: AIA MPF - Prime Value Choice
- Trustee: AIA Company (Trustee) Limited
- MPFA fund type: Equity Fund - Asia-Pacific
- Launch date: 2004-12-01
- Management fee (as disclosed): Up to 1.1595% p.a.
The trustee's offering document (MPF scheme brochure) is the authoritative source for objectives and fees.
Download month-end prices (CSV) · Methodology · All Asia equity funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is Asian Equity Fund's return calculated?
1/5/10-year figures are MPFA-published annualised returns (as of 2026-09-30), net of fund charges. We separately calculate +14.91% annualised from month-end unit prices 2020-07 – 2026-09.
What does Asian Equity Fund charge?
MPFA-published FER is 1.69%; the category median is 1.42%. Management fee is listed as "Up to 1.1595% p.a.".
How risky has Asian Equity Fund been?
MPFA risk class 6 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -28.14% (2021-05-31 to 2022-09-30), annualised volatility 17.88%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. It is in the "Asia equity" category; prices can fall and capital can be lost.
How do fund switches work?
Switching is generally done through the eMPF Platform or the trustee; we do not give switching advice. See our eMPF switching guide.