BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme

Transcription

Issuer: BOCI-Prudential Asset Management Limited
Important Information
•
You should consider your own risk tolerance level and financial circumstances before
making any investment choices. When, in your selection of funds, you are in doubt as to
whether a certain fund is suitable for you (including whether it is consistent with your
investment objectives), you should seek financial and/or professional advice and choose the
fund(s) most suitable for you taking into account your circumstances.
•
Please be reminded that in the event that you do not make any investment choices or if you
submit an investment mandate of which the total of the allocated percentage does not equal to
100%, your contributions made and/or benefits transferred into BOC-Prudential EasyChoice Mandatory Provident Fund Scheme will be invested into BOC-Prudential Stable Fund
in accordance with the default fund arrangement as stated in member enrolment form and
principal brochure section 4.4, and such fund may not necessarily be suitable for you.
•
Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the
fund or (ii) members’ account by way of unit deduction. The BOC-Prudential MPF
Conservative Fund uses method (i) and, therefore, unit prices/ NAV/ fund performance
quoted have incorporated the impact of fees and charges.
•
You should not solely rely on the stand-alone marketing material to make any investment
decision, please refer to the Principal Brochure of the BOC-Prudential Easy-Choice
Mandatory Provident Fund Scheme for further details (including risk factors, fees and
charges, and fund information).
Selection Criteria of MPF Service Provider for
Employee？
2
BOC-Prudential Easy-Choice
Mandatory Provident Fund Scheme
Topics
1. Background of BOCI-Prudential
2. Fund Choices
3. Market Review & Investment Performance
4. Fees of BOCI-Prudential
5. New Support & Services of BOCI-Prudential
6. Special Voluntary Contribution
7. Contact us
8. Q & A
3
1. Background of BOCI-Prudential
4
bring
together
The solid reputation and financial strength of the
BOC International and BOC(HK)
AND
The superb experience in pension fund
management of Prudential
We are devoted to providing
professional and quality MPF services
5
Bank of China Limited
100%
BOC International Holdings
Limited
100%
BOCI Asset Management
Limited
64%
Prudential plc
100%
Prudential Holdings Limited
100%
Prudential Corporation
Holdings Limited
36%
BOCI-Prudential Asset Management Limited
6
Joint Venture of BOCI-Prudential
BOC International
BOC(HK)
Prudential
Invested HKD 600 million
BOCI-Prudential
Asset Management Limited
BOCI-Prudential
Trustee Limited
7
One Stop Service
Management and Administration
Trustee
Administrator
Custodian
BOCI-Prudential Trustee Limited
Investment Manager BOCI-Prudential Asset Management Limited
8
Business Scope of BOCI-Prudential
BOCI-Prudential Trustee Limited
- trustee, administrator and custodian
BOCI-Prudential Asset Management Limited
MPF
Charitable Funds
Exchange Traded Funds
Provident and Retirement Funds
Unit Trusts
Private & institutional portfolio mandates
As of 30 June 2011, over HK$59 billion of asset under management*
Source: BOCI-Prudential Asset Management Limited
* Data as at 30 June 2011
9
BOCI-Prudential Asset Management Milestone
April 2010 – BOCIP Investment Fund Series
July 2009 – First Hong Kong ETF (Feeder Fund) to be approved for listing in Taiwan
April 2009 – W.I.S.E SSE 50 China TrackerTM
May 2008 – W.I.S.E CSI HK 100 TrackerTM
Nov 2007 – BOCHK Bauhinia QDII Scheme
Aug 2007 – NCB QDII Investment Service
Jul 2007 – W.I.S.E CSI 300 China Tracker®
Jun 2007 – NCB Investment Fund Series
Nov 2006 – Hong Kong Government Employees MTS
Jun 2003 – Hong Kong Government Civil Services Provident Fund
Oct 2002 – Pension Fund Business in Macau
Jul 2002 – BOCHK Investment Fund Series
Mar 2002 – AUD Guaranteed Fund
Jan 2002 – BOCHK BOCI-Prudential Guaranteed Fund Series
Jan 2000 – BOC-Prudential Easy Choice MPF Scheme Commencement
Oct 1999 – BOCI-Prudential Joint Venture Establishment
10
Unit Trust
11
Exchange Traded Funds
Stock code:
2827
Stock code：
2825
Stock code：
3024
12
2. Fund Choices
13
Constituent Funds
BOC-Prudential
Growth Fund
BOC-Prudential
Global Equity
Fund
BOC-Prudential
Balanced Fund
BOC-Prudential
Asia Equity
Fund
BOC-Prudential
Japan Equity
Fund
BOC-Prudential
Stable Fund
BOC-Prudential
China Equity
Fund
BOC-Prudential
Bond Fund
BOC-Prudential
Hong Kong
Equity Fund
BOC-Prudential
MPF Conservative
Fund
14
Investment involves risks. Past performance is not indicative of future
performance. Price of units and the income from them may go down as
well as up. Please refer to the Principal Brochure of BOC-Prudential
Easy-Choice MPF Scheme before making any investment decision.
The scheme information below is solely for your reference. You should
not make any investment decision solely on the basis of this information.
You should consider your own risk tolerance level and financial
circumstances before making any investment choices. When, in your
selection of funds, you are in doubt as to whether a certain fund is
suitable for you (including whether it is consistent with your investment
objectives), you should seek financial and/or professional advice and
choose the fund(s) most suitable for you taking into account your
circumstances.
15
Constituent
Fund Name
BOC-PRUDENTIAL
GROWTH FUND
BOC-PRUDENTIAL
BALANCED FUND
BOC-PRUDENTIAL
STABLE FUND
Risk^
Investment
Portfolio
Normal
Asset
Allocation
Equities
Bonds
Cash, time deposits, money market
or fixed income securities
70-100%
0-30%
MODERATE
TO HIGH
Equities
Bonds
40-80%
20-60%
LOW TO
MODERATE
Equities
Bonds
10-50%
40-90%
HIGH
0-20%
0-20%
0-20%
^This risk rating is determined by BOCI-Prudential Asset Management Limited.
Amongst the constituent funds, only BOC-Prudential MPF Conservative Fund
will directly invest in permissible investments. BOC-Prudential Japan Equity
Fund and BOC-Prudential Bond Fund will invest in the BOC-Prudential Unit
Trust Fund, which is an umbrella unit trust consisting of eight sub-funds (the
“Umbrella Unit Trust”). The remaining seven constituent funds will invest in the
Umbrella Unit Trust and/or the Index-tracking Collective Investment Schemes
approved by the Authority (“approved ITCIS”) and managed by the investment
manager of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme
.
16
Constituent
Fund Name
Risk^
Investment
Portfolio
Umbrella Unit Trust*:
Global equity sub-fund
BOC-PRUDENTIAL
GLOBAL EQUITY
FUND
BOC-PRUDENTIAL
ASIA EQUITY FUND
HIGH
HIGH
Asia equity sub-fund
China equity sub-fund
Hong Kong equity sub-fund
Japan equity sub-fund
European equity sub-fund
Approved ITCIS
Cash and time deposits
Asia equity sub-fund
Approved ITCIS
Normal
Asset Allocation
60-100%
20-80%
0-40%
0-30%
0-30%
0-30%
0-50%
0-10%
0-30%
60-100%
0-10%
0-30%
*Amongst the constituent funds, only BOC-Prudential MPF Conservative Fund
.
17
Constituent
Fund Name
BOC-PRUDENTIAL
CHINA EQUITY
FUND
BOC-PRUDENTIAL
HONG KONG
EQUITY FUND
BOC-PRUDENTIAL
JAPAN EQUITY FUND
Risk^
Investment
Portfolio
Normal
Asset
Allocation
China equity sub-fund
Approved ITCIS
60-100%
0-10%
0-30%
HIGH
Hong Kong equity sub-fund
Approved ITCIS
60-100%
0-10%
0-30%
HIGH
Japan equity sub-fund
70-100%
0-30%
VERY HIGH
.
18
Constituent
Fund Name
Risk^
BOC-PRUDENTIAL
BOND FUND
LOW TO
MODERATE
BOC-PRUDENTIAL
MPF CONSERVATIVE
FUND
VERY LOW
Investment
Portfolio
Global bond sub-fund
Deposit + debt securities
Normal
Asset
Allocation
70-100%
0-30%
100%
.
19
Fund Rebalancing (Example)
After re-balancing by members
50%
BOC-Prudential
Stable Fund
40%
BOC-Prudential
Growth Fund
Re-balancing
50%
BOC-Prudential
MPF Conservative
Fund
30%
BOC-Prudential Balanced
Fund
25%
BOC-Prudential Bond
Fund
5%
BOC-Prudential
MPF Conservative Fund
Unlimited times of fund rebalancing and change of
investment mandate by members
All percentage must be an
integer with a minimum of 5%
per each selected fund and the
total equals to 100%.
30
3. Market Review &
Investment Performance
31
Investment involves risks. Past performance is not indicative of future
performance. Price of units and the income from them may go down as
well as up. Please refer to the Principal Brochure of BOC-Prudential
Easy-Choice MPF Scheme before making any investment decision.
The scheme information below is solely for your reference. You should
not make any investment decision solely on the basis of this information.
You should consider your own risk tolerance level and financial
circumstances before making any investment choices. When, in your
selection of funds, you are in doubt as to whether a certain fund is
suitable for you (including whether it is consistent with your investment
objectives), you should seek financial and/or professional advice and
choose the fund(s) most suitable for you taking into account your
circumstances.
32
EU and US Markets Outperform China Market in 1 year
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
Dow Jones Indus.Avg
0.0%
MSCI Europe Index
CSI 300 Index
-5.0%
Source: Bloomberg
30/6/2010 – 30/6/2011
35
But In Long Term, EU and US Are Facing Severe Problems...
US Deficit
Problem
Continues
Weak US
Housing
Market
EU
Peripheral
Countries
Credit Crisis
36
Market Performance
30-Days Volatility for Equity & Bond
120
100
MSCI World Index
HSI Index
Volatility (%)
80
HSBC Hong Kong Dollar Bond Index
60
40
20
0
Source: Bloomberg
29/6/2001– 29/6/2011
37
Asset Allocation in the MPF Market
Percentage Share of Asset Allocation by Fund
Type
9%
2% <0.5%
11%
Mixed Assets Fund
42%
Equity Fund
MPF Conservative Fund
Guaranteed Fund
Bond Fund
Money Market Fund and Others
36%
Source : MPFA (Mandatory Provident Fund Schemes Statistical Digest June 2011)
39
Investment Philosophy
41
Investment Philosophy
Our investment philosophy:

We believe the market is inefficient

We believe market inefficiencies can be identified and exploited by
–
Experienced investment professionals
–
Robust analysis – fundamental and quantitative analytics
–
Disciplined investment process
–
Rigorous risk management
42
Investment Performance
43
Fund Performance of BOC-PRUDENTIAL
EASY-CHOICE MPF SCHEME
As of 30 June 2011
* Data as of 30 June, 2011.
^ With effect from 30 Sep, 2009, BOC-Prudential Capital Preservation Fund has been renamed to BOC-Prudential MPF Conservative Fund.
1
Data as of 30 June, 2011. Source : BOCI-Prudential Asset Management Limited. If the history of the fund is less than 1 year in the calendar year, the
corresponding calendar year performance will be calculated from the inception date to that calendar year-end. Fund performance is calculated in Hong Kong
Dollar on NAV-to-NAV basis with gross dividend reinvested.
Investment involves risks. Past performance is not indicative of future performance. Price of units and the income from them may go down as well as up.
44
BOCI-Prudential MPF Performance
45
4. Fees of BOCI-Prudential
49
BOC-Prudential Easy-Choice MPF Scheme
Fees and Charges(for The HK Polytechnic University Employees)
The “Total Fee” indicated in the fee table below is:
 Indicating the maximum percentage a member would
pay for investing in the relevant Fund
 Granting members with a comprehensive view of total
level of expenses incurred
50
BOCPrudential
MPF
Conservative
Fund
BOCPrudential
Growth
Fund
BOCPrudential
Balanced
Fund
BOCPrudential
1%
1%
1%
0.25%
Trustee Fee *
0.55%
0.55%
0.55%
0.55%
Custodian Fee and others *
0.16%
0.16%
0.16%
0.2%
Sub-total
1.71%
1.71%
1.71%
1%
Type of
Constituent Fund
Annual Fee
Stable
Fund
(1) Fees on Constituent Fund Level
Investment Management Fee *
(2) Fees on Umbrella Unit Trust/ Approved ITCIS Level
Trustee Fee **
Custodian Fee and others **
Sub-total
(3) Rebate#
(1) +(2) -(3)
Total Fee
0.0875%
0.0875%
0.0875%
N/A
0.09%
0.09%
0.09%
N/A
0.1775%
0.1775%
0.1775%
N/A
0.6375%
0.6375%
0.6375%
N/A
1.25%
1.25%
1.25%
1%
* Will be calculated on the basis of a percentage of the net asset value of the constituent fund
** Will be calculated on the basis of a percentage of the net asset value of the sub-fund of the umbrella unit trust or approved ITCIS (as the case may be).
The Investment Manager will rebate the investment management fee charged by the approved ITCIS to the respective constituent funds. Trustee will
rebate any amount of the trustee fee exceeding 0.0875% of NAV of approved ITCIS charged to the respective constituent funds.
# Rebate will be credited annually based on the yearly average NAV and the rate of rebate. The yearly average NAV is based on the average of the
quarterly NAV. The quarterly average NAV is the average of the beginning balance and ending balance of a quarter. The dates of the beginning of a
quarter are 1 January, 1 April, 1 July and 1 October and the dates of the ending of a quarter are 31 March, 30 June, 30 September and 31 December. The
rebate will be paid in the form of unit allotment within 45 days of the scheme financial year end. For members who leave the Scheme during the scheme
year, the rebate will be calculated up to the date of termination and will be paid within 45 days of the scheme financial year end.
51
BOCPrudential
Global
Equity Fund
BOCPrudential
Asia
Equity Fund
BOCPrudential
China
Equity Fund
1%
1%
1%
Trustee Fee *
0.55%
0.55%
0.55%
Custodian Fee and others*
0.16%
0.16%
0.16%
Sub-total
1.71%
1.71%
1.71%
0.0875%
0.0875%
0.0875%
0.09%
0.09%
0.09%
0.1775%
0.1775%
0.1775%
0.6375%
0.6375%
0.6375%
1.25%
1.25%
1.25%
Type of
Constituent Fund
Annual Fee
Investment Management Fee*
2) Fees on Umbrella Unit Trust/ Approved ITCIS Level
Trustee Fee **
Custodian Fee and others**
Sub-total
(3) Rebate#
(1) +(2) -(3) Total Fee
52
BOCPrudential
Hong Kong
Equity Fund
BOCPrudential
Japan
Equity Fund
BOCPrudential
Bond
Fund
1%
1%
0.85%
Trustee Fee *
0.55%
0.55%
0.55%
Custodian Fee and others*
0.16%
0.16%
0.16%
Sub-total
1.71%
1.71%
1.56%
0.0875%
0.0875%
0.0875%
0.09%
0.09%
0.09%
0.1775%
0.1775%
0.1775%
0.6375%
0.6375%
0.6375%
1.25%
1.25%
1.1%
Type of
Constituent Fund
Annual Fee
Investment Management Fee*
2) Fees on Umbrella Unit Trust/ Approved ITCIS Level
Trustee Fee **
Custodian Fee and others**
Sub-total
(3) Rebate#
(1) +(2) -(3)
Total Fee
53
Total Fees (per annum)
BOC-Prudential MPF Conservative Fund
1%*
BOC-Prudential Bond Fund
1.1%*
The remaining 8 funds
1.25%*
*The numbers are referring to the fees after rebate. For further details,
please refer to Fees and Charges of MPF (The HK Polytechnic University
Employees) Pamphlet. "Total Fee" indicates the maximum percentage a
member would pay for investing in the relevant Fund.
54
5. Support & Services of BOCI-Prudential
Service Pledge
Enroll New Member
3 working days
Call Centre Handles
Telephone Inquiry
Immediate
Settle Contribution
5 working days
Handle Changes of
Investment Mandate
- submit completed form
- submit online
2 working days
4pm each working
day
Handle Changes of
Member Particulars
2 working days
56
Support & Services
 Provide Scheme Pamphlet and Annual Benefit
Statement to employers and employees
 Distribute Member Certificate to employees directly
 Provide Fund Re-Balancing Statement after scheme
members made changes in their investment portfolio and
fund re-balancing
 Publish BOCI-Prudential Quarterly MPF Factsheet and
Newsletter
 MPF Investment Performance &
Service Review Seminar
 The HK Polytechnic University MTS Administration
Hotline
57
Support & Services
Will update from time to time
Support & Services
BOCIPrudential
MPF
Newsletter
(Quarterly)
Support & Services
BOCIPrudential
Fund Fact Sheet
(Quarterly)
BOCIPrudential
Fund Fact Sheet
(Quarterly)
Fund Expense Ratio
61
Enquiry Services and Information Update
ATM
Bank of China
(HK) Internet
Banking
iPhone
App



Contribution Enquiries

The HK
Polytechnic
University MTS
Administration
Hotline

Account Balance
Enquiries
Unit Fund Price
Enquiries
Change of Investment
Mandate for future
contribution
Re-balancing of existing
account balances
Forms Request







N/A
N/A



N/A
N/A



N/A
N/A



N/A
N/A
N/A
Website
62
BOCI-Prudential Website
http://www.boci-pru.com.hk
63
64
Employee
65
66
Scheme no.
Member no.
＊Scheme no. and Member no.
Can be found on the Membership Certificate
67
Account Enquiry
1.Account Summary
2.Contibution History
3.Fund Balance
4.Fund Transactions
5.Unit Fund Prices
68
Fund
Transactions
69
Re-Balancing
Existing
Investment
70
Change Personal Information
71
Support & Services
The HK Polytechnic University
MTS Administration Hotline
2290 1010
The HK Polytechnic University
MTS Fund Product Hotline
2280 8694
Office Hour
Monday - Friday: 9:00 am – 7:00 pm
Saturday
: 9:00 am – 1:00 pm
72
ATM Menu Screen
PLEASE CHOOSE SERVICE
CASH
WITHDRAWAL
DEPOSIT
OCTOPUS
BILL
PAYMENT
TRANSFER
BALANCE
INQUIRY
CREDIT CARD
PAYMENT
OTHER
73
ATM Menu Screen
STATEMENT
REQUEST
WITHDRAWAL
SLIP REQUEST
CHANGE PERSONAL
INDENTITY NUMBER
MPF
CHEQUE BOOK
REQUEST
COMMUNITY
CHEST DONATION
CREDIT CARD
PAYMENT
GIFT CHEQUE
74
ATM Menu Screen
FUND BALANCE ENQUIRY
LAST CONTRIBUTION ENQUIRY
CONTRIBUTION PAYMENT
75
Bank of China(Hong Kong) Website
http://www.bochk.com
Login to Internet Banking
76
Fund Balance Enquiry
77
Last Contribution Enquiry
78
New website functions available
•
E-Statement
•
E-Alert
•
Unit Fund Price Comparison
•
Rate of Return Worksheet
•
MPF Benefits Projection
•
Fund Performance
•
Retrospective Fund Choice Simulation
79
New website functions available
Click here for Analytic Tools
80
Fund Performance I
Choose between Mandatory
or Voluntary
83
Fund Performance II
Unrealized & Accumulated
Realized Gain/Loss at your glance
84
•
•
iPhone App
•
•
•
Functions
Easy Account
Enquiry
Flexible Fund
Switching
Provide
Analytical Tool
Fund
Performance
Comparison
Fund Price SMS
Alert
86
iPhone Account Management
87
iPhone – Account Enquiry I
Select sub-account
89
iPhone – Account Enquiry II
90
iPhone – Fund Price & Comparison
91
iPhone – Analytical Tools –
Rate of Return Calculation
92
iPhone – SMS Price Alert
96
Member Enrolment Form
99
100
SAMPLE
50
50
Any amendments
made on the selection,
please kindly sign next
to it.
101
SAMPLE
102
Scheme Member’s Request
for Fund Transfer Form
103
Original Trustee,
scheme name and
valid account no.
For existing
members
New trustee and
scheme name
For new/ preserved/
self-employed members
104
6. Special Voluntary Contribution
(Special Voluntary Contribution & Regular Special Voluntary Contribution)
105
Special Voluntary Contribution
Is MPF mandatory contribution sufficient ?
When planning for your retirement, you may consider
the following:
 Household expenditures
 the number of dependents
 daily expenses for maintaining the existing living standard
 Additional expenses
 travelling, personal interests and recreation activities etc
 Health care expenditures
 health care and medical expenditures increase with age
 body check-up, insurance premium etc
106
As an University employee enrolled in BOC-Prudential Easy-Choice
Mandatory Provident Fund Scheme, you may personally select to
contribute a Special Voluntary Contribution, without the need to deduct
from the salary by your Employer
Key Features of the Special Voluntary Contribution:
Easy and flexible application
Switch your selected investment as many times as you wish
No fixed contribution period / minimum account balance
Independent investment portfolio of mandatory and voluntary
contribution
Withdraw cash for not less than HK$3,000 at any time
107
Contribution methods:
► Monthly
Contribution
- By autopay monthly
- Contribution amount of HKD$300 or
above
- Application for Regular Special Voluntary
Contribution <FORM DDASVC-ECS> +
Member Direct Debit Authorization
<EE-DDA FORM>
►Lump-Sum
- Pay by cheque/ cashier order
- Contribution amount of HKD1,000 or
above
- Application for Special Voluntary
Contribution
<FORM ADDVC- ECS> + cheque/
cashier order
108
For application：
Monthly
Form –
1. Application for Regular Special Voluntary
Contribution (FORM DDASVC-ECS)
2. Member Direct Debit Authorization
(EE-DDA FORM)
Lump sum
Form –
Application for Special Voluntary Contribution +
cheque/cashier order (FORM ADDVC-ECS)
Submission methods
1. Fax (2151 0999) and send to BOCI-Prudential by post or
2. Submit to BOCI-Prudential directly
(25/F., Citicorp Centre, No.18 Whitfield Road, Causeway, Hong Kong)
109
Joining Fee :
Waived
Total Fees :
BOC-Prudential MPF Conservative Fund: 1%*(p.a)
BOC-Prudential Bond Fund: 1.1%* (p.a)
The remaining 8 funds: 1.25%* (p.a)
* The numbers are referring to the fees after rebate. For further details, please
refer to Fees and Charges of MPF (The HK Polytechnic University Employees)
Pamphlet. "Total Fee" indicates the maximum percentage a member would pay
for investing in the relevant Fund.
111
7. Contact Us
112
Contact Us
 The HK Polytechnic University MTS
-Administration Hotline
-Fund Product Hotline
：2290 1010
：2280 8694
 Fax Number
：2151 0999
 Website
：http://www.boci-pru.com.hk
：http://www.bocpt.com
 E-mail Address
：[email protected]
：[email protected]
 Address
：BOCI-Prudential Trustee Limited
25/F Citicorp Centre
18 Whitfield Road Causeway Bay HK
BOCI-Prudential Asset Management
Limited
27/F Bank of China Tower
113
1 Garden Road Hong Kong
Why choosing BOC-Prudential Easy-Choice
 Dedicated MPF team
 Easy and convenient
 Proper Administration
 Customers always come first
 Special rate
114
Risk disclosure
Investment involves risks. Past performance is
not indicative of future performance. Price of units
and the income from them may go down as well
as up. Price of units are subject to market
fluctuation and the risk of decreasing in
investment value may be incurred. Please refer to
the Principal Brochure of the Scheme before
making any investment decision.
The scheme information is solely for your reference.
You should not make any investment decision solely
115
on the basis of this information.
8. Q & A
116
Thank You
117

BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme

Transcription

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