TOWERS WATSON - MPFeXPRESS.com
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Scheme

Introduction

HSBC Life (International) Limited

HSBC Life (International) Limited

HBSC, the MPF service provider in Hong Kong with the largest MPF market share of fund under management and over one million MPF customers, has dedicated themselves to growing and protecting the wealth of the people of Hong Kong for over 140 years. Global strength and over 30 years of experience in retirement fund management enable HSBC to stand out in the market. As at September 2013, HSBC managed over HK$152 billion MPF asset.

HSBC is highly experienced in all four aspects involved in operating an MPF scheme: trustee, custodian, administrator and investment manager, which enables HSBC to provide a comprehensive solution to meet MPF members' needs.

In this section you can identify the name and category of each constituent fund at the scheme level for a selected MPF provider. Please click on "Details" to explore the factsheet of a constituent fund, including information such as investment objective, strategy, performance and top 10 holdings.

Constituent Fund Investment Manager HSBC Mandatory Provident Fund - ValueChoice
HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund HSBC Investment Funds (Hong Kong) Limited
HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Stable Growth Fund HSBC Investment Funds (Hong Kong) Limited
HSBC Mandatory Provident Fund - ValueChoice - Hang Seng Index Tracking Fund Hang Seng Investment Management Limited
HSBC Mandatory Provident Fund - ValueChoice - Hang Seng H-Share Index Tracking Fund Hang Seng Investment Management Limited
HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Asia Pacific Equity Fund HSBC Investment Funds (Hong Kong) Limited
HSBC Mandatory Provident Fund - ValueChoice - ValueChoice US Equity Fund HSBC Investment Funds (Hong Kong) Limited
HSBC Mandatory Provident Fund - ValueChoice - ValueChoice European Equity Fund HSBC Investment Funds (Hong Kong) Limited
HSBC Mandatory Provident Fund - ValueChoice - Global Bond Fund HSBC Investment Funds (Hong Kong) Limited
HSBC Mandatory Provident Fund - ValueChoice - MPF Conservative Fund HSBC Investment Funds (Hong Kong) Limited

HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund
滙豐強積金自選計劃 - 自選均衡基金

Investment Objective

The investment objective of the ValueChoice Balanced Fund is to achieve medium to high capital growth with medium volatility.

Fund Strategy

Around 55 per cent to 85 per cent of the portfolio of this Fund will be indirectly invested in equities and equity-related investments. The remainder of the assets will be invested in deposits, debt securities and other investments as allowed under the General Regulation.

Fund Details      
Investment Manager: HSBC Investment Funds (Hong Kong) Limited Latest Fund Expense Ratio: 1.12% as at 31/07/2014
Launch Date(dd/mm/yyyy): 24/03/2011
Launch Price: HK$10.000
Unit NAV: HK$11.4600 as at 26/08/2014
Fund Size: HK$166.64M as at 31/03/2014
TW Category: Mixed Assets Funds (Equity content 60% - 80%)

HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund
滙豐強積金自選計劃 - 自選均衡基金



Note

– The annualized standard deviation is calculated as below :
(12 / No of months for the period X summation of square of the difference between monthly returns to mean return) to square root of 0.5

– There may be discrepancies between the performance figures provided here and those shown in your MPF provider’s fund factsheet due to rounding.

– No benchmark return and category median will be shown if the fund either:
– is a guaranteed fund;
– has insufficient peers in the same category for meaningful comparison; or
– cannot be categorized

– Past performance data is not indicative of future performance. Please refer to their respective offering document for further details.



Source: Towers Watson

HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund
滙豐強積金自選計劃 - 自選均衡基金

Fund Detail Information As At 31/03/2014
Top 10 Holdings
Security Name Weight
HSBC Holdings plc 1.90%
Tencent Holdings 1.30%
AIA Group Ltd 1.30%
Buoni Poliennali Del Tesoro 6.50% 01/11/2027 1.20%
Depfa ACS Bank 1.65% 20/12/2016 1.00%
Bank of China Ltd H SHS 1.00%
China Construction Bank H SHS 1.00%
Bonos Y Oblig Del Estado 4.40% 31/10/2023 1.00%
Kredit Fuer Wiederaufbau 2.05% 16/02/2026 0.90%
ICBC H SHS 0.90%
Total: 11.50%
Source: HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund Fund Factsheet

HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund
滙豐強積金自選計劃 - 自選均衡基金

Source: HSBC Mandatory Provident Fund - ValueChoice - ValueChoice Balanced Fund Fund Factsheet

Service details

Scheme name: HSBC Mandatory Provident Fund - SimpleChoice
  HSBC Mandatory Provident Fund - SuperTrust
  HSBC Mandatory Provident Fund - SuperTrust Plus
  HSBC Mandatory Provident Fund - ValueChoice


Company background

Trustee HSBC Provident Fund Trustee (Hong Kong) Limited
Administrator HSBC Life (International) Limited
Custodian HSBC Provident Fund Trustee (Hong Kong) Limited
Investment manager HSBC Investment Funds (Hong Kong) Limited
Experience in HK pension market Since 1974
Head office address 1 Queen’s Road Central, Hong Kong
 
Distribution channel
Direct sales N/A
Bank branches N/A
Brokers N/A
Agents N/A
 

Switching

Mechanism (Fund switching / Rebalancing) Fund Rebalancing
Minimum switch-out percentage 1.0%
Cutoff time 16:00
Dealing date (Same day dealing / Forward dealing) Same day dealing
 
(I) Online switching
Switch count limits (Y/N) Yes
Switching fee (Y/N) No
 
(II) Hardcopy switching
Switch count limits (Y/N) Yes
Switching fee (Y/N) No
Means of instructions (Original copy / Fax copy) Original copy only
 

Publications & statements

(I) Fund fact sheet
Frequency (Monthly / Quarterly) Quarterly
Means of distribution - hardcopy Mail to members once a year; Mail to employers on quarterly basis
Means of distribution - softcopy Available for web download on quarterly basis
 
(II) Benefit statements
Annual Hardcopy
Semi-annual No
Quarterly No
Monthly No
 

Special voluntary contribution arrangement

Name HSBC MPF Flexi-Contributions
Minimum monthly SVC contribution $300
Minimum lump sum SVC contribution $1,000
Charges on voluntary contribution Personal Account holders can enjoy a preferential rate on the management fees of designated constituent funds.
 

Account enquiry

Enquiry item Internet Hotline (Handled by call operators) IVRS ATM Service center
Fund price Yes Yes Yes No Yes
Account balance Yes Yes Yes Yes Yes
No. of units held Yes Yes Yes No Yes
Investment return No No No No No
Investment switching / rebalancing Yes, fund rebalancing only No Yes, fund rebalancing only No Yes, fund rebalancing only
Asset allocation Yes Yes Yes No Yes
Contribution record Yes, up to latest 18 months records Yes Yes, up to latest 1 record Yes, up to latest 1 record Yes
Transaction history No Yes No No Yes
View / Update personal information Yes No No No Yes
Administration forms / publications Yes Yes Yes No Yes
Operating hours 24 hours Mon - Fri: 08:30-19:30
Sat: 08:30-13:00
24 hours 24 hours Business hours of all branches of HSBC
 

Service pledge

Member enrolment Within 5 business days
Contribution settlement Within 1 business day
Benefits payment Within 30 days
Asset transfer-in settlement Within 1 business day
Information update Within 5 business days
 

Customer contacts

Postal address HSBC Life (International) Limited
P.O. Box 73770, Kowloon Central Post Office
Customer service centre Any HSBC branches (40 designated branches for MPF enquiries)
Hotline Employer – 2583 8033
Member – 3128 0128
Website http://www.hsbc.com.hk/mpf
 

Service details

Scheme name: HSBC Mandatory Provident Fund - SimpleChoice
  HSBC Mandatory Provident Fund - SuperTrust
  HSBC Mandatory Provident Fund - SuperTrust Plus
  HSBC Mandatory Provident Fund - ValueChoice


Company background

Trustee HSBC Provident Fund Trustee (Hong Kong) Limited
Administrator HSBC Life (International) Limited
Custodian HSBC Provident Fund Trustee (Hong Kong) Limited
Investment manager Hang Seng Investment Management Limited
HSBC Global Asset Management (Hong Kong) Limited
HSBC Investment Funds (Hong Kong) Limited
Experience in HK pension market Since 1974
Head office address 1 Queen’s Road Central, Hong Kong
 
Distribution channel
Direct sales N/A
Bank branches N/A
Brokers N/A
Agents N/A
 

Switching

Mechanism (Fund switching / Rebalancing) Fund Switching and Rebalancing
Minimum switch-out percentage 1.0%
Cutoff time 16:00
Dealing date (Same day dealing / Forward dealing) Same day dealing
 
(I) Online switching
Switch count limits (Y/N) No
Switching fee (Y/N) No
 
(II) Hardcopy switching
Switch count limits (Y/N) No
Switching fee (Y/N) No
Means of instructions (Original copy / Fax copy) Original copy only
 

Publications & statements

(I) Fund fact sheet
Frequency (Monthly / Quarterly) Quarterly
Means of distribution - hardcopy Mail to members once a year; Mail to employers on quarterly basis
Means of distribution - softcopy Available for web download on quarterly basis
 
(II) Benefit statements
Annual Hardcopy
Semi-annual No
Quarterly No
Monthly No
 

Special voluntary contribution arrangement

Name HSBC MPF Flexi-Contributions
Minimum monthly SVC contribution $300
Minimum lump sum SVC contribution $1,000
Charges on voluntary contribution Personal Account holders can enjoy a preferential rate on the management fees of designated constituent funds.
 

Account enquiry

Enquiry item Internet Hotline (Handled by call operators) IVRS ATM Service center
Fund price Yes Yes Yes No Yes
Account balance Yes Yes Yes Yes Yes
No. of units held Yes Yes Yes No Yes
Investment return No No No No No
Investment switching / rebalancing Yes No Yes No Yes
Asset allocation Yes Yes Yes No Yes
Contribution record Yes, up to latest 18 months records Yes Yes, up to latest 1 record Yes, up to latest 1 record Yes
Transaction history No Yes No No Yes
View / Update personal information Yes No No No Yes
Administration forms / publications Yes Yes Yes No Yes
Operating hours 24 hours Mon - Fri: 08:30-19:30
Sat: 08:30-13:00
24 hours 24 hours Business hours of all branches of HSBC
 

Service pledge

Member enrolment Within 5 business days
Contribution settlement Within 1 business day
Benefits payment Within 30 days
Asset transfer-in settlement Within 1 business day
Information update Within 5 business days
 

Customer contacts

Postal address HSBC Life (International) Limited
P.O. Box 73770, Kowloon Central Post Office
Customer service centre Any HSBC branches (40 designated branches for MPF enquiries)
Hotline Employer – 2583 8033
Member – 3128 0128
Website http://www.hsbc.com.hk/mpf
 

Service details

Scheme name: HSBC Mandatory Provident Fund - SimpleChoice
  HSBC Mandatory Provident Fund - SuperTrust
  HSBC Mandatory Provident Fund - SuperTrust Plus
  HSBC Mandatory Provident Fund - ValueChoice


Company background

Trustee HSBC Provident Fund Trustee (Hong Kong) Limited
Administrator HSBC Life (International) Limited
Custodian HSBC Provident Fund Trustee (Hong Kong) Limited
Investment manager Hang Seng Investment Management Limited
HSBC Global Asset Management (Hong Kong) Limited
HSBC Investment Funds (Hong Kong) Limited
Experience in HK pension market Since 1974
Head office address 1 Queen’s Road Central, Hong Kong
 
Distribution channel
Direct sales N/A
Bank branches N/A
Brokers N/A
Agents N/A
 

Switching

Mechanism (Fund switching / Rebalancing) Fund Switching and Rebalancing
Minimum switch-out percentage 1.0%
Cutoff time 16:00
Dealing date (Same day dealing / Forward dealing) Same day dealing
 
(I) Online switching
Switch count limits (Y/N) No
Switching fee (Y/N) No
 
(II) Hardcopy switching
Switch count limits (Y/N) No
Switching fee (Y/N) No
Means of instructions (Original copy / Fax copy) Original copy only
 

Publications & statements

(I) Fund fact sheet
Frequency (Monthly / Quarterly) Quarterly
Means of distribution - hardcopy Mail to members once a year; Mail to employers on quarterly basis
Means of distribution - softcopy Available for web download on quarterly basis
 
(II) Benefit statements
Annual Hardcopy
Semi-annual No
Quarterly No
Monthly No
 

Special voluntary contribution arrangement

Name HSBC MPF Flexi-Contributions
Minimum monthly SVC contribution $300
Minimum lump sum SVC contribution $1,000
Charges on voluntary contribution Personal Account holders can enjoy a preferential rate on the management fees of designated constituent funds.
 

Account enquiry

Enquiry item Internet Hotline (Handled by call operators) IVRS ATM Service center
Fund price Yes Yes Yes No Yes
Account balance Yes Yes Yes Yes Yes
No. of units held Yes Yes Yes No Yes
Investment return No No No No No
Investment switching / rebalancing Yes No Yes No Yes
Asset allocation Yes Yes Yes No Yes
Contribution record Yes, up to latest 18 months records Yes Yes, up to latest 1 record Yes, up to latest 1 record Yes
Transaction history No Yes No No Yes
View / Update personal information Yes No No No Yes
Administration forms / publications Yes Yes Yes No Yes
Operating hours 24 hours Mon - Fri: 08:30-19:30
Sat: 08:30-13:00
24 hours 24 hours Business hours of all branches of HSBC
 

Service pledge

Member enrolment Within 5 business days
Contribution settlement Within 1 business day
Benefits payment Within 30 days
Asset transfer-in settlement Within 1 business day
Information update Within 5 business days
 

Customer contacts

Postal address HSBC Life (International) Limited
P.O. Box 73770, Kowloon Central Post Office
Customer service centre Any HSBC branches (40 designated branches for MPF enquiries)
Hotline Employer – 2583 8033
Member – 3128 0128
Website http://www.hsbc.com.hk/mpf
 

Service details

Scheme name: HSBC Mandatory Provident Fund - SimpleChoice
  HSBC Mandatory Provident Fund - SuperTrust
  HSBC Mandatory Provident Fund - SuperTrust Plus
  HSBC Mandatory Provident Fund - ValueChoice


Company background

Trustee HSBC Provident Fund Trustee (Hong Kong) Limited
Administrator HSBC Life (International) Limited
Custodian HSBC Provident Fund Trustee (Hong Kong) Limited
Investment manager Hang Seng Investment Management Limited
HSBC Investment Funds (Hong Kong) Limited
Experience in HK pension market Since 1974
Head office address 1 Queen’s Road Central, Hong Kong
 
Distribution channel
Direct sales N/A
Bank branches N/A
Brokers N/A
Agents N/A
 

Switching

Mechanism (Fund switching / Rebalancing) Fund Switching and Rebalancing
Minimum switch-out percentage 1.0%
Cutoff time 16:00
Dealing date (Same day dealing / Forward dealing) Same day dealing
 
(I) Online switching
Switch count limits (Y/N) No
Switching fee (Y/N) No
 
(II) Hardcopy switching
Switch count limits (Y/N) No
Switching fee (Y/N) No
Means of instructions (Original copy / Fax copy) Original copy only
 

Publications & statements

(I) Fund fact sheet
Frequency (Monthly / Quarterly) Quarterly
Means of distribution - hardcopy Mail to members once a year; Mail to employers on quarterly basis
Means of distribution - softcopy Available for web download on quarterly basis
 
(II) Benefit statements
Annual Hardcopy
Semi-annual No
Quarterly No
Monthly No
 

Special voluntary contribution arrangement

Name HSBC MPF Flexi-Contributions
Minimum monthly SVC contribution $300
Minimum lump sum SVC contribution $1,000
Charges on voluntary contribution Standard management fees
 

Account enquiry

Enquiry item Internet Hotline (Handled by call operators) IVRS ATM Service center
Fund price Yes Yes Yes No Yes
Account balance Yes Yes Yes Yes Yes
No. of units held Yes Yes Yes No Yes
Investment return No No No No No
Investment switching / rebalancing Yes No Yes No Yes
Asset allocation Yes Yes Yes No Yes
Contribution record Yes, up to latest 18 months records Yes Yes, up to latest 1 record Yes, up to latest 1 record Yes
Transaction history No Yes No No Yes
View / Update personal information Yes No No No Yes
Administration forms / publications Yes Yes Yes No Yes
Operating hours 24 hours Mon - Fri: 08:30-19:30
Sat: 08:30-13:00
24 hours 24 hours Business hours of all branches of HSBC
 

Service pledge

Member enrolment Within 5 business days
Contribution settlement Within 1 business day
Benefits payment Within 30 days
Asset transfer-in settlement Within 1 business day
Information update Within 5 business days
 

Customer contacts

Postal address HSBC Life (International) Limited
P.O. Box 73770, Kowloon Central Post Office
Customer service centre Any HSBC branches (40 designated branches for MPF enquiries)
Hotline Employer – 2583 8033
Member – 3128 0128
Website http://www.hsbc.com.hk/mpf