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About the Scheme

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China Life MPF Master Trust Scheme

8 constituent fund choices and Default Investment Strategy in the China Life MPF Master Trust Scheme (the “Scheme”), with diversified investment objectives, risk levels and portfolio are offered, covering money market fund, mixed assets funds, equity funds and guaranteed fund.

 

Investment objective:

To produce returns that are related to those achieved on the major stock market indices of Hong Kong.

Asset Allocation
Cash Bonds Equities
0% 0% 100%*

*Please note that this only represents the target asset allocations of the fund and the actual asset allocations will at times vary considerably from that shown above.

Investment Manager :

FIL Investment Management (Hong Kong) Limited

Investment objective:

To maximize capital appreciation over the long term through investment in global equities.

Asset Allocation
Global Equities
100%

Investment Manager :

Invesco Hong Kong Limited

Investment objective:

To provide capital growth by a long-term investment in global equities so that members are adequately rewarded for foregoing the capital security and higher income that could have been achieved by investing in the money markets.

Asset Allocation
Cash Bonds Equities
3% 7% 90%

Investment Manager :

FIL Investment Management (Hong Kong) Limited

Investment objective:

To provide capital appreciation as well as seek income so as to achieve long term balanced growth in capital.

Asset Allocation
Cash Bonds Equities
5% 25% 70%

Investment Manager :

FIL Investment Management (Hong Kong) Limited

Investment objective:

To provide capital growth by investing in a globally diversified manner.

Asset Allocation
Global Equities Global bonds, Cash and
Money Market Instruments
60% 40%

Investment Manager :

Invesco Hong Kong Limited

Investment objective:

To provide stable growth by investing in a globally diversified manner.

Asset Allocation
Global Equities Global bonds, Cash and
Money Market Instruments
20% 80%

Investment Manager :

Invesco Hong Kong Limited

Investment objective:

To provide capital preservation in the long-term and offer to enhance return with limited exposure to global equities, while also providing a guarantee return.

Asset Allocation
Global Equities Fixed Income Securities Cash/Bank Deposit
0-30% 50-80% 0-50%

Investment Manager :

Taiping Assets Management (HK) Company Limited

The investment policy is to invest solely in a relevant insurance policy approved pooled investment fund issued by China Life Insurance (Overseas) Company Limited (incorporated in the People's Republic of China with limited liability) ("China Life (Overseas)") and will in turn solely invest in an underlying unit trust approved pooled investment fund.

* China Life Joyful Retirement Guaranteed Fund was formerly known as China Life Retire-Easy Guarantee Fund, with change of name effective on 4 December 2020. The changes to its guarantee mechanism, reduction of management fee and guarantee charge also took effect on the same day. This constituent fund provides guaranteed rate of return of 1.35% p.a.. Entitlement to the guarantee return under this constituent fund is subject to conditions. Please refer to the MPF Scheme Brochure for the details of credit risks, guarantee features, guarantee conditions and guarantee mechanism of this constituent fund.

Investment objective:

The constituent fund is established pursuant to section 37 of the Mandatory Provident Fund Schemes (General) Regulation. The investment objective of the constituent fund is to provide capital security with a level of income in Hong Kong dollars.

Asset Allocation
Bank Deposits and Commercial Paper Short-term Notes (Maximum 2 Years)
0-100% 0-12%

Investment Manager :

Taiping Assets Management (HK) Company Limited

Information about the latest risk class of each constituent fund is available in the latest Fund Performance Review.

**Important**

Investment involves risks. Price of units and the income from them may go down as well as up. Past performance figures shown are not indicative of future performance. Please refer to MPF Scheme Brochure for details, risk factors, and fees and charges of the Scheme. When, in your selection of constituent funds, you are in doubt as to whether a certain constituent fund is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice and choose the constituent fund(s) most suitable for you taking into account your circumstances.

The Default Investment Strategy is made up of two mixed assets constituent funds, namely the China Life Core Accumulation Fund and the China Life Age 65 Plus Fund. Please refer to MPF Scheme Brochure for more details.

Want to know more about the scheme?

Please read MPF Scheme Brochure in Download Centre

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