About the Scheme
China Life MPF Master Trust Scheme
A series of 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 provide long term capital growth in HK dollar terms.
| Asset Allocation | ||
|---|---|---|
| Greater China Equities | Other Equities | Bonds (for cash management purpose only) |
| 70%-100% | 0%-30% | 0%-30% |
Investment Manager :
JPMorgan Asset Management (Asia Pacific) Limited
Investment objective:
To provide capital appreciation in the long term through investment in US equities.
| Asset Allocation | ||
|---|---|---|
| Invests principally in equity securities of US companies. | ||
Investment Manager :
China Asset Management (Hong Kong) Limited
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 :
China Asset Management (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 guaranteed return.
| Asset Allocation | ||
|---|---|---|
| Global Equities and Other Securities | Fixed Income Securities | Cash/Bank Deposit/Cash equivalent |
| 0-30% | 50-100% | 0-50% |
Investment Manager :
Schroder Investment Management (Hong Kong) 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 namely China Life Retire-Easy Guarantee (PIF) Fund and will in turn solely invest in an underlying unit trust approved pooled investment fund namely China Life Retire-Easy Stable Return Unit Trust (PIF) 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.