Manulife MPF China Value Fund: Performance & Fees (data as of 2026-09-30)
Manulife MPF China Value Fund (Manulife Global Select (MPF) Scheme) had an MPFA-published 5-year annualised return of +4.27% and an FER of 1.91%; its month-end max drawdown over 2020-07 – 2026-09 was -53.09%. It ranked 10 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 | Manulife MPF China Value Fund | Category median (n=16) |
|---|---|---|
| 1y | +19.61% | +16.89% |
| 5y p.a. | +4.27% | +4.57% |
| 10y p.a. | +6.58% | +7.50% |
| 2025 | +37.73% | +34.97% |
| 2024 | +13.34% | +12.91% |
| 2023 | -8.09% | -7.38% |
| 2022 | -27.77% | -26.84% |
| 2021 | -10.44% | -7.96% |
| Max drawdown† | -53.09% | -52.08% |
| FER | 1.91% | 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 | 11,358 |
| 2021-12-31 | 10,172 |
| 2024-12-31 | 7,653 |
| 2025-12-31 | 10,540 |
| 2026-09-30 | 12,849 |
Largest drawdown
From a month-end peak on 2021-02-26 to a trough on 2022-10-31: -53.09%; regained the prior peak by 2026-04-30. 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% |
| Greater China Equity Fund | AIA MPF - Prime Value Choice | +5.39% | 1.67% | 75 | -48.93% |
| 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% |
* 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: Manulife Global Select (MPF) Scheme
- Trustee: Manulife Provident Funds Trust Company Limited
- MPFA fund type: Equity Fund - Greater China
- Launch date: 2006-02-01
- Management fee (as disclosed): 1.49% 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 Manulife MPF China Value 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 +4.15% annualised from month-end unit prices 2020-07 – 2026-09.
What does Manulife MPF China Value Fund charge?
MPFA-published FER is 1.91%; the category median is 1.27%. Management fee is listed as "1.49% p.a.".
How risky has Manulife MPF China Value Fund been?
MPFA risk class 7 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -53.09% (2021-02-26 to 2022-10-31), annualised volatility 22.92%. 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.