Greater China Equity Fund: Performance & Fees (data as of 2026-09-30)
Greater China Equity Fund (AIA MPF - Prime Value Choice) had an MPFA-published 5-year annualised return of +5.39% and an FER of 1.67%; its month-end max drawdown over 2020-07 – 2026-09 was -48.93%. It ranked 2 of 15 Greater China 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 | Greater China Equity Fund | Category median (n=16) |
|---|---|---|
| 1y | +16.10% | +16.89% |
| 5y p.a. | +5.39% | +4.57% |
| 10y p.a. | +8.88% | +7.50% |
| 2025 | +34.38% | +34.97% |
| 2024 | +15.61% | +12.91% |
| 2023 | -5.76% | -7.38% |
| 2022 | -22.98% | -26.84% |
| 2021 | -7.15% | -7.96% |
| Max drawdown† | -48.93% | -52.08% |
| FER | 1.67% | 1.27% |
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 | 12,245 |
| 2021-12-31 | 11,369 |
| 2024-12-31 | 9,541 |
| 2025-12-31 | 12,820 |
| 2026-09-30 | 15,117 |
Largest drawdown
From a month-end peak on 2021-05-31 to a trough on 2022-10-31: -48.93%; regained the prior peak by 2026-01-30. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| BEA Greater China Equity Fund | BEA (MPF) Value Scheme | +5.67% | 0.95% | 75 | -49.42% |
| BCT (Pro) Greater China Equity Fund | BCT (MPF) Pro Choice | +4.97% | 1.08% | 75 | -47.65% |
| Allianz Greater China Fund - Class T | Manulife RetireChoice (MPF) Scheme | +4.80% | 1.23% | 75 | -51.98% |
| Allianz Greater China Fund - Class B | Manulife RetireChoice (MPF) Scheme | +4.78% | 1.26% | 75 | -52.00% |
| BEA (Industry Scheme) Greater China Equity Fund | BEA (MPF) Industry Scheme | +4.74% | 1.28% | 75 | -50.22% |
* 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 - Greater China Region
- Launch date: 2004-12-01
- Management fee (as disclosed): Up to 1.205% 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 Greater China equity funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is Greater China 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 +6.93% annualised from month-end unit prices 2020-07 – 2026-09.
What does Greater China Equity Fund charge?
MPFA-published FER is 1.67%; the category median is 1.27%. Management fee is listed as "Up to 1.205% p.a.".
How risky has Greater China Equity Fund been?
MPFA risk class 6 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -48.93% (2021-05-31 to 2022-10-31), annualised volatility 21.61%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. It is in the "Greater China 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.