YF Life Trustees Scoops Four Awards in “MPF Ratings Consistent Performers”
March 19, 2021
Thanks to its extensive experience in administering MPF schemes, YF Life Trustees Limited (YF Life Trustees) has been honored with four awards for the constituent funds under its “MASS Mandatory Provident Fund Scheme” by MPF Ratings, an independent MPF ratings provider based in Hong Kong. The awards include:
- 10-Year Consistent Performer — Equity Fund (US)
- 5-Year Consistent Performer — Equity Fund (US)
- 1-Year Consistent Performer — Equity Fund (US)
- 1-Year Consistent Performer — Guaranteed Fund
Ms. Suki Cheung, Vice President and Head of MPF and Employee Benefits, Institutional Business, says, “In the highly competitive MPF market, we are truly honored to receive these awards from a recognized independent MPF research provider. The MPF is an essential part of retirement life for all those working in Hong Kong. YF Life Trustees has always adopted a unique approach in selecting constituent funds and we also review the performance, growth and stability of each fund on a regular basis. Through prudent risk management, we aim to help our scheme members achieve optimized potential returns, creating added value for every dollar of our customers’ MPF investment, in line with our commitment to helping our customers ‘own the future’.”
MPF Ratings’ objective is to raise the quality of MPF products as well as MPF scheme performance and services in the MPF industry. MPF Ratings is an acknowledged MPF expert in Hong Kong, providing MPF research and ratings services. Its assessment criteria include the investment choices and performance of the constituent funds, fees and charges, and the overall services provided within the schemes. These are reviewed both quantitatively and qualitatively.
YF Life Trustees Limited is a member of publicly listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company, one of the “Five Largest US Life Insurance Companies”. Leveraging our robust financial background and solid reliability, YF Life Trustees is committed to helping customers “own the future” by providing professional and technology-enhanced one-stop risk- and wealth-management consulting services, as well as MPF services.
*Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company have an indirect shareholding in Yunfeng Financial Group Limited. The “Five Largest US Life Insurance Companies” is ranked according to the aggregate results of “Insurance: Life, Health (Mutual)” and “Insurance: Life, Health (Stock)” on total revenues for 2019, and based on the FORTUNE 500 as published on May 18, 2020.