Fund Choice

The investment objective of the Fund is to obtain a return that is higher than the prescribed savings rate.

Feature

• Type of fund: Money market fund
• The Fund will invest in Hong Kong dollar denominated bank deposits and short-term debt securities subject to the requirements of Section 37 of the Regulation
• Risk inherent and Expected Return: Little
• The structure of the fund: takes the form of an internal portfolio fund
• Investment Manager: BCOM Finance (Hong Kong) Limited

Asset Allocation

• Debt Securities: 0% - 50%
• Cash & Deposits: 50% - 100% 

Geographic Allocation

Fees and charges of MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction.  This fund uses method (ii) and, therefore, unit prices / NAV / fund performance quoted (except for the fund performance figures quoted in a fund fact sheet) do not reflect the impact of fees and charges.

The investment objective is to achieve long-term capital growth.

Feature

• Type of the fund: guaranteed fund
• The fund will invest in a diversified portfolio comprising cash and deposits, debt securities, equities and authorized unit trusts
• Risk inherent and Expected Return: Relatively low
• Structure of the fund: takes the form of an internal portfolio fund
• Investment Manager: BCOM Finance (Hong Kong) Limited
• Bank of Communications Co. Ltd., Hong Kong Branch is the Guarantor to the Fund. Your investments are therefore subject to the credit risks of the guarantor. The Guarantor will declare the Guaranteed Rate of Return on each Accounting Date of a financial year, i.e. 31 Dec, and in no event shall the Guaranteed Rate of Return be lower than 1% p.a.. Where participation in the Fund is 60 months or less, the repayment of capital and return on investment are not guaranteed and the withdrawal values are fully exposed to fluctuations in the value of the Fund's assets. The Guaranteed Rate of Return for financial year 2010 is 1.25% p.a.. Please refer to section (f) of Annexure A-2 of the Principal Brochure of the Scheme for details of the guarantee features and guarantee conditions

Asset Allocation

• Debt Securities: 25% - 85%
• Equities: 5% - 35%
• Authorized Unit Trusts: 0% - 10%
• Cash & Deposits: 0% - 55%  

Geographic Allocation

The Fund aims to achieve steady growth over the long term through investment in a portfolio of global bonds.

Feature

• Type of fund: Bond Fund - Global
• The fund will invest in the relevant APIF - MPF Bond Fund of Invesco Pooled Investment Fund managed by Invesco Hong Kong Limited. The principal underlying investments of the Fund will be in global bonds and HK dollar denominated bonds
• Risk inherent and Expected Return: Low. In the long term, the return of the Fund is expected to exceed the inflation rates in Hong Kong
• Structure of the fund: Feeder Fund
• Investment Manager: Invesco Hong Kong Limited

Asset Allocation

• Global Bonds: 50%-90%
• HK dollar denominated Bonds: 10%-50%

The objective of the Fund is to achieve a long-term return in excess of Hong Kong price inflation (as measured by the Consumer Price Index Type A).

Feature

• Type of the fund: Mixed Assets Fund [Global] - Equity: Maximum 60%
• The fund will seek to achieve the objective through investing its assets in the relevant APIF - Schroder MPF Stable Growth Fund which is a fund of funds managed by Schroder Investment Management (Hong Kong) Limited. The principal underlying investments of the fund will be in quoted securities, government and corporate bonds and cash deposits worldwide
• Risk inherent: Medium. It is suitable for investors with between 5 and 10 years before retirement
• Structure of the fund: Feeder Fund
• Investment Manager: Schroder Investment Management (Hong Kong) Limited

Asset Allocation

• Bonds: 20% - 60%
• Equities: 30% - 60%
• Cash or cash equivalents: 0% - 20%  

Geographic Allocation

The objective of the Fund is to achieve a long-term return in excess of salary inflation in Hong Kong (as indicated by the Hong Kong Monthly Digest of Statistics as published by the Census and Statistics Department of the Government of Hong Kong Special Administrative Region).

Feature

• Type of the fund: Mixed Assets Fund [Global] - Equity: Maximum 85%
• The fund will seek to achieve the objective through investing its assets in the relevant APIF - Schroder MPF Balanced Investment Fund which is a fund of funds managed by Schroder Investment Management (Hong Kong) Limited. The principal underlying investments of the fund will be in quoted securities, government and corporate bonds and cash deposits worldwide
• Risk inherent: Relatively high. It is suitable for investors with more than 10 years before retirement
• Structure of the fund: Feeder Fund
• Investment Manager: Schroder Investment Management (Hong Kong) Limited

Asset Allocation

• Bonds: 0% - 40%
• Equities: 45% - 85%
• Cash or cash equivalents: 0% - 20%  

Geographic Allocation

The Fund aims to maximize long term overall returns by investing primarily in global equities.

Feature

• Type of fund: Mixed Assets Fund [Global] - Equity: Maximum 100%
• The fund will achieve its investment objectives by investing all its assets in an APIF - RCM Growth Fund managed by RCM Asia Pacific Limited. The APIF may invest in the countries comprised in the MSCI World Index which covers all the major world stock markets including those in Japan, North America, Asia and Europe
• Risk inherent and Expected Return: Relative high. It is designed for Members who are willing to assume a relatively higher level of risk to achieve potentially higher long-term returns
• Structure of the fund: Feeder Fund
• Investment Manager: RCM Asia Pacific Limited

Asset Allocation

• Equity: Maximum 100% 

Geographic Allocation

The Fund is to achieve capital growth over the long-term by investing in Asian equity markets.

Feature

• Type of fund: Equity Fund - Asia
• The fund will invest in an investment fund - Principal Asian Equity Fund managed by Principal Asset Management Company (Asia) Limited. It is also an APIF. The investment fund will in turn invest in another APIF which consists primarily of Asian equities and can include exposure to cash and short-term investments
• Risk inherent and Expected Return: High. In the long term, the return of the fund is expected to exceed the inflation rates in Hong Kong
• Structure of the fund: Feeder Fund
• Investment Manager: Principal Asset Management Company (Asia) Limited

Asset Allocation

• Equities: 70% - 100%
• Cash & Short - term Investments (e.g. bills and deposits): 0% - 30%  

Geographic Allocation

The objective of the Fund is to provide investment results that closely correspond to the performance of the Hang Seng Index (the “Index”) .

Feature

• Type of fund: Equity Fund - Hong Kong
• Risk inherent and Expected Return: High. The return of the Fund is expected to closely correspond to the performance of the Index
• Structure of the fund: Feeder Fund
• The Fund will entirely invest in an approved index-tracking collective investment scheme (ITCIS) - Tracker Fund of Hong Kong. The approved ITCIS holds shares in the constituent companies of the Index in substantially similar composition and weighting as they appear in the Index and may also invest in certain other permitted investments in seeking to meet the Investment Objective. Whilst the investment objective of the Fund and the underlying approved ITCIS is to track the Index, there can be no assurance that the performance of the Fund nor the underlying approved ITCIS will at any time be identical to the Index
• The Index is composed of a representative sample of the shares of constituent companies listed on the Stock Exchange of Hong Kong which generally have high market value and liquidity and is designed such that it reproduces the performance of a hypothetical portfolio made up of the shares of the constituent companies with an interest in each constituent company which is proportionate to such constituent company’s market capitalisation

The Fund is to achieve capital growth over the long-term by investing mainly in Hong Kong equity markets.

Feature

• Type of fund: Equity Fund - Hong Kong
• The fund will invest in an investment fund - Principal Hong Kong Equity Fund managed by Principal Asset Management Company (Asia) Limited. It is also an APIF. The investment fund will invest primarily in listed equities issued by companies established in Hong Kong or by companies whose shares are listed in Hong Kong (including but not limited to H shares and shares of red-chip companies listed on the Hong Kong Stock Exchange)
• Risk inherent and Expected Return: High. In the long term, the return of the Fund is expected to exceed the inflation rates in Hong Kong
• Structure of the fund: Feeder Fund
• Investment Manager: Principal Asset Management Company (Asia) Limited

Asset Allocation

• Equities: 70% - 100%
• Cash & Short - term Investments (e.g. bills and deposits): 0% - 30% 

Geographic Allocation

The Fund aims to achieve long term capital growth by investing mainly in Greater China-related equities.

Feature

• Type of fund: Equity Fund - Greater China
• The fund will invest in the relevant APIF - RCM Greater China Fund of RCM Choice Fund managed by RCM Asia Pacific Limited. The APIF invests primarily in the equity markets of Hong Kong and Taiwan; or companies that derive a predominant portion of their revenue and/or profits from Greater China Region, which includes Mainland China, Hong Kong, Macau and Taiwan
• Risk inherent and Expected Return: High. It is suitable for members who are willing to assume a relatively higher level of risk
• Structure of the fund: Feeder Fund
• Investment Manager: RCM Asia Pacific Limited

Asset Allocation

• Equities: 70% - 100%
• Cash & Short term fixed-interest securities*: 0-30% 

    * for cash management purpose

The Fund is to achieve capital growth over the long term by investing mainly in China-related equities.

Feature

• Type of fund: Equity Fund - China
• The fund will invest in an investment fund - Principal China Equity Fund managed by Principal Asset Management Company (Asia) Limited. It is also an APIF. The investment fund will invest primarily in equities issued by companies with exposure in different sectors of economies in People's Republic of China (Mainland China)
• Risk inherent and Expected Return: High. In the long term, the return of the Fund is expected to exceed the inflation rates in Hong Kong
• Structure of the fund: Feeder Fund
• Investment Manager: Principal Asset Management Company (Asia) Limited

Asset Allocation

• Equities: 70% - 100%
• Cash & Short - term Investments (e.g. bills and deposits): 0% - 30%  

Geographic Allocation