PowerPoint 簡報 - The Hong Kong Polytechnic University

Transcription

Economic Outlook and Investment Strategy
Investment involves risks, please read the important information.
2015 Global Major Index Ytd Performance
MSCI ACWI
DOW JONES INDUS. AVG
S&P 500 INDEX
NASDAQ COMPOSITE INDEX
STXE 50 € Pr
FTSE 100 INDEX
DAX INDEX
CAC 40 INDEX
NIKKEI 225
TAIWAN TAIEX INDEX
KOSPI INDEX
ALL ORDINARIES INDX
Straits Times Index STI
FTSE Bursa Malaysia KLCI
STOCK EXCH OF THAI INDEX
MICEX INDEX
BRAZIL IBOVESPA INDEX
S&P BSE SENSEX INDEX
CSI 300 INDEX
SHANGHAI SE A SHARE INDX
SHANGHAI SE B SHARE INDX
SHENZHEN SE A SHARE INDX
SHENZHEN SE B SHARE INDX
CSI Hong Kong 100 Index
HANG SENG INDEX
HANG SENG CHINA ENT INDX
-3.15%
-5.68%
-2.88%
1.74%
6.70%
-1.82%
4.63%
11.74%
9.25%
-9.05%
1.45%
0.85%
-10.63%
-6.64%
-5.26%
28.76%
-6.76%
-3.33%
-3.33%
0.55%
4.67%
27.23%
5.22%
-9.68%
-5.89%
-16.41%
Source: Bloomberg
Data as of 31/8/2015; Index performance calculated in base currency with gross distribution reinvested.
2
US
Economic projections
Economic projections of Federal Reserve Board members
(excludes the three highest and three lowest projections for each variable)
(%)
Change in real GDP
Unemployment rate
2015
2016
2017
Long Run
Sept. projection
2.0-2.3
2.2-2.6
2.0-2.4
1.8-2.2
June projection
1.8-2.0
2.4-2.7
2.1-2.5
2.0-2.3
Sept. projection
5.0-5.1
4.7-4.9
4.7-4.9
4.9-5.2
June projection
5.2-5.3
4.9-5.1
4.9-5.1
5.0-5.2
FOMC participants’ assessments of Target federal funds rate (rounded to the nearest 1/8%)
(%)
Source: Federal Reserve
Data as of 17/9/2015
2015
2016
2017
Long Run
4
Last Rate Hike Cycle in US
Relationship between Fed rate and the stock market (2000/1 – 2007/2)
(%)
120
S&P500 index* (L.H.S.)
Dow Jones Industrial Average*
(L.H.S.)
100
7
Nasdaq index* (L.H.S.)
Fed fund rate(R.H.S.)
6
5
80
4
60
3
40
2
20
1
0
0
2000
2001
2002
2003
2004
2005
2006
2007
*Base date of all indices 31/1/2000 with base value 100
Source: Bloomberg
5
Relationship between Fed rate and
stock market
Relationship between Fed rate and the stock market (1986/1 – 2014/12)
•
Changes of S&P500 when Fed fund rate rises
Fed fund rate
Rate hike period
(%)
2000
10
1800
9
1600
8
1400
7
1200
6
1000
5
800
4
600
3
400
2
200
1
0
0
1986
1990
1994
1998
2002
2006
2010
2014
Fed fund rate
S&P500 index
S&P500 Index
Rate hike
period
Magnitude
(Number of
times of
rate hike)
S&P500
index
price
change
3/29/882/24/89
3.25%
(12)
10.40%
2/4/942/1/95
3.00%
(7)
0.13%
6/30/995/16/00
1.75%
(6)
6.80%
6/30/046/29/06
4.25%
(17)
11.57%
Source: Bloomberg
Data as of 12/31/2014
6
Relationship between Fed rate and
bond market
Relationship between Fed rate and the bond market (1986/1 – 2014/12)
•
Changes of US 10 years Treasury when Fed fund rate rises
Fed fund rate
US 10 years treasury
Rate hike period
(%)
10
Rate hike
period
Magnitude
(Number of
times of rate
hike)
US 10 years
Treasury
yield
change (b.p.)
3/29/882/24/89
3.25%
(12)
84.80
2/4/942/1/95
3.00%
(7)
178.70
6/30/995/16/00
1.75%
(6)
64.40
6/30/046/29/06
4.25%
(17)
61.30
9
8
7
6
5
4
3
2
1
0
1986
1990
1994
1998
2002
2006
2010
2014
Source: Bloomberg
Data as of 12/31/2014
7
Longer term trends in favor of
US Economy
Economic
Competitiveness
Demographics
Declining Reliance
on Energy Imports
Economic Competitiveness
Unit Labour Cost (1980-2014)
250
200
Japan
日木
US
美國
Germany
德國
China
中國
China’s wages has been rising
steadily
while US labour cost
中國工資持續上升，而美國則下跌
fell
150
100
50
2014
2012
2010
2008
2006
2004
2002
2000
1998
1996
1994
1992
1990
1988
1986
1984
1982
1980
0
Source: Bloomberg
Data as of 12/31/2014
9
Demographics
Population growth rate (1980-2020)
%
Average annual rate of population change
2.0
1.5
1.0
0.5
0.0
-0.5
Germany
Japan
China
United States of America
1980 - 1985 1985 - 1990 1990 - 1995 1995 - 2000 2000 - 2005 2005 - 2010 2010 - 2015 2015 - 2020
Source: United Nation
Data retrieved on 2015/08
10
Declining reliance on energy imports
US energy production and
consumption
1991-2012
Quadrillion Btu
110
Total Primary Energy Production
Total Primary Energy Consumption
100
90
80
70
2010
2011
2012
2011
2012
2008
2010
China
2007
2006
2005
2004
2003
2002
2001
2000
1999
1997
1996
1995
1994
1993
1998
Germany
2009
Quadrillion Btu
United States
2009
40
Energy net consumption
1991-2012
Japan
30
20
10
0
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
-10
1991
Source:
U.S. Energy Information
Administration (EIA)
retrieved on 2015/08
1992
1991
60
11
Europe
Steady Manufacturing expansion
Eurozone Manufacturing PMI
60
歐元區
德國
法國
意大利
55
53.8
53.3
52.3
50
48.3
45
Eurozone
Germany
France
Italy
07/2015
05/2015
03/2015
01/2015
11/2014
09/2014
07/2014
05/2014
03/2014
01/2014
11/2013
09/2013
07/2013
05/2013
03/2013
01/2013
11/2012
09/2012
40
Source: Bloomberg
13
Eurozone Inflation and Unemployment rate
Eurozone CPI (YoY)
Eurozone Unemployment Rate
14
5
4
4.0%
12
10.9%
10
3
8
(%) 2
(%)
6
1
0.2%
0
4
2
-1
2008
-0.6%
2009
2010
0
2011
Source: Bloomberg
2012
2013
2014
2015
2008
2009
2010
2011
2012
2013
2014
2015
Source: Bloomberg
14
ECB lowered interest rate
ECB Key Interest Rate
2.5
ECB Deposit Rate
ECB Main Refinancing Rate
2
ECB Marginal Lending Rate
1.5
1
0.5
0.30%
0.05%
-0.20%
0
08/2015
05/2015
02/2015
11/2014
08/2014
05/2014
02/2014
11/2013
08/2013
05/2013
02/2013
11/2012
08/2012
05/2012
02/2012
11/2011
08/2011
05/2011
02/2011
11/2010
08/2010
-0.5
Source: Bloomberg
15
ECB adopts easing policy
•
Under the ECB’s bond buying program, launched in March, the central bank is buying
€60 billion public and private debt securities every month, with a targeted end date of
September 2016.
Euro against USD
1.8
1.6
1.4
1.2
$1.1211
1
2008
2009
2010
2011
2012
2013
2014
2015
Source: Bloomberg
16
China
Investment Themes
SOE
Reform
One Belt,
One Road
Financial
Reform
‘New Normal’ of Economic Growth
China’s GDP growth
(Year on year)
9.0%
8.5%
8.0%
7.9%
7.6%
7.9%
7.8%
7.6%
7.5%
7.5%
7.5%
7.4%
7.0%
7.4%
7.3%
7.3%
7.0%
7.0%
6.5%
06/2015
03/2015
12/2014
09/2014
06/2014
03/2014
12/2013
09/2013
06/2013
03/2013
12/2012
09/2012
06/2012
6.0%
Source: Bloomberg
19
Internationalization Progress of
Chinese Stock Market
Date
Progress
17 Nov 2014
Shanghai-HK Stock Connect officially launched
Nov 2014
Announced tax exemption policy on Shanghai-HK Stock
Connect, QFII and RQFII
Mar 2015
Lifted the US$1 billion QFII investment quota limit for
overseas fund management companies
15 May 2015
Clarified the ‘nominee holder’ concept of Shanghai-HK
Stock Connect
1 Jul 2015
Mainland-Hong Kong Mutual Fund Recognition officially
launched, with an initial quota of RMB300 billions
2H of 2015
Shenzhen-HK Stock Connect expected to be launched
Source: CSRC, SAFE
20
Cut Rate and Relax RRR to Boost Liquidity
1 Year Deposit and Lending Rate in China
Overnight SHIBOR rate
7.0%
15.0%
6.0%
12.0%
5.0%
4.60%
4.0%
3.0%
9.0%
6.0%
1.801%
2.0%
1.75%
1 Year Lending Rate
1.0%
3.0%
1 Year Deposit Rate
0.0%
Source: Bloomberg
08/2015
05/2015
02/2015
11/2014
08/2014
05/2014
02/2014
11/2013
08/2013
05/2013
02/2013
11/2012
08/2012
08/2015
04/2015
12/2014
08/2014
04/2014
12/2013
08/2013
04/2013
12/2012
08/2012
04/2012
12/2011
08/2011
04/2011
12/2010
08/2010
0.0%
Source: Bloomberg
21
SOE Reform
Expected ROE of industrial enterprises
SOE Percentage to all industrial enterprises
Source: Great transition. This time it will be different; CLSA (May 2014)
22
‘One Belt, One Road’ Project
Silk Road Economic Belt and 21st Century Maritime Silk Road
• China will contribute US$40
billion to the Silk Road
Infrastructure Fund
• To assist countries in SE Asia,
Central Asia and Africa to
build up their infrastructure,
in particular high-speed rail
and nuclear plants, so as to
offload excess capacity
Source: CNSY News
23
Achieve a Higher Quality Growth by
Economic Restructuring
Contributions to China GDP Growth by the Three Components(%)
100%
80%
60%
Net export
40%
Investment
20%
Consumption
0%
-20%
-40%
Source: National Bureau of Statistics of China
Data as of 2014
24
Chinese & HK Stock Market Performances
Performances of Hang Seng China Enterprises Index, Hang Seng Index, Shanghai
SE Composite Index
150%
Hang Seng China Enterprises Index
135%
Hang Seng Index
120%
Shanghai SE Composite Index
105%
90%
75%
60%
48.19%
45%
30%
15%
0%
-9.69%
-9.43%
-15%
-30%
08/14
09/14
10/14
11/14
12/14
01/15
02/15
03/15
04/15
05/15
06/15
07/15
08/15
Source: Bloomberg
25
China & HK - Two of the World’s Cheapest
Markets
PE Ratio
Major Stock Market Index
Historical
High Date
Historical
High
Previous
Closing
Diff from
Historical
High
31 Aug
5-Year
Average
Earning
Growth
Forecast
MSCI ACWI Index
5/21/2015
442.70
396.73
10.38%
16.90
15.83
10.85%
Dow Jones Industrial Index
5/19/2015
18312.39
16528.03
9.74%
14.43
14.26
8.95%
S&P 500 Index
5/21/2015
2130.82
1972.18
7.45%
17.44
16.09
10.50%
FTSE 100 Index
4/27/2015
7103.98
6247.94
12.05%
22.75
16.36
9.66%
DAX 30 Index
4/10/2015
12374.73
10259.46
17.09%
16.17
15.10
8.79%
Nikkei 225 Index
12/29/1989
38915.87
18890.48
51.46%
19.73
20.96
9.72%
Bangkok SET Index
1/4/1994
1753.73
1382.41
21.17%
17.25
16.20
14.55%
Jakarta SE Composite Index
4/7/2015
5523.29
4509.61
18.35%
23.41
20.09
17.00%
India BSE SENSEX Index
1/29/2015
29681.77
26283.09
11.45%
20.78
17.91
17.83%
CSI 300 Index
10/16/2007
5877.20
3366.54
42.72%
13.66
13.53
12.67%
Hang Seng Index
10/30/2007
31638.22
21670.58
31.51%
9.38
10.70
7.91%
Hang Seng China Ent Index
10/30/2007
20400.07
9741.41
52.25%
6.94
9.19
7.56%
Source: Bloomberg
26
Important Information
•
Investment involves risk and is subject to market fluctuations and inherent risks. Investment in
emerging markets involves special risks and considerations. Investors could face no returns
and / suffer significant loss related to the investments. Past performance is not indicative of
future performance.
•
The information contained herein is based on sources believed to be reliable. Information,
opinions and projections in this document reflect a judgment at its original date of publication
and are subject to change without notice.
•
The information, opinions and projections contained herein are for reference only. This
document should not be reproduced or further distributed to any person or entities, whether in
whole or in part, for any purposes.
•
This document does not constitute any distribution, or any recommendation, offer, invitation
or solicitation to buy or sell any investment.
•
This document is issued by BOCI-Prudential Asset Management Limited. It has not been
reviewed by the SFC.
27
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme Pamphlet – Company Profile
BOCI-Prudential – Commitment to Services Excellence
Important Information
•
BOC-Prudential MPF Conservative Fund (formerly known as “BOC-Prudential Capital Preservation Fund”) in BOC-Prudential
Easy-Choice Mandatory Provident Fund Scheme does not guarantee the repayment of capital.
•
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.
•
In the event that you do not make any investment choices, please be reminded that your contributions made and/or benefits
transferred into BOC-Prudential Easy-Choice 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 BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme for further details (including risk factors, fees and
charges, and fund information).
About BOCI-Prudential
Leveraging on the BOCI and Prudential, together with a dedicated team of investment and administration
professionals, BOCI-Prudential not only assist you in approaching a fruitful retirement, but also
endeavors to provide quality and diversified services in order to offer you a simple, relaxing and
convenient MPF solution.
The subsidiaries of Bank of China Limited (formerly
known as Bank of China) and Prudential plc establish
two joint ventures - BOCI-Prudential Asset Management
Limited and BOCI-Prudential Trustee Limited in 1999.
Founded in Hong Kong, BOCI-Prudential Asset
Management Limited is an asset management
company, offering a broad spectrum of investment
products ranging from Hong Kong Mandatory
Provident Fund Scheme (“MPF”), pension funds,
retail unit trusts, to exchange traded funds, apart
from the tailor-made investment strategies for
individual and institutional clients.
BOCI-Prudential Trustee Limited primarily
offers trust and administration services for MPF
and retirement schemes, and is actively developing
trustee and custodian services of unit trust funds.
At 1999
BOC International Holdings Limited
Prudential Holdings Limited
BOC International Holdings Limited
Bank of China (Hong Kong) Limited
Prudential Holdings Limited
Invested
HK$600
Million
BOCI-Prudential Asset Management Limited
BOCI-Prudential Trustee Limited
One-stop MPF Services
BOCI-Prudential Asset Management Limited and BOCI-Prudential Trustee Limited provide you a total MPF service
solution, which includes investment management, trustee, custody and administration in order to meet different
needs of you and members.
Management
and
Administration
BOCI-Prudential Asset Management Limited
BOCI-Prudential Trustee Limited
Investment Manager
Trustee Administrator Custodian
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme Pamphlet – Supporting Services
Supporting Services
MPF News Update
MPF Newsletter will be sent to you regularly. You may fill in your e-mail address in the member enrolment form to get the updated MPF news
via e-mail.
Enquiry Services and Information Update
You can always obtain the latest information of your MPF account via Internet, The HK Polytechnic University MTS Administration Hotline or
ATM. You can also reallocate your existing investment account balances or change the investment fund mandate for your future contributions
via Internet or The HK Polytechnic University MTS Administration Hotline.
Electronic Services
Internet
The HK
Polytechnic
University MTS
Administration
Hotline
Smartphones
ATM
Bank of China
(HK) Internet
BankingPersonal
Customers
Contribution Enquiries
3
3
3
3
3
Account Balance Enquiries
3
3
3
3
3
Fund Prices Enquiries
3
3
3
N/A
N/A
Change of Investment Fund
Mandate for Future Contributions
3
3
3
N/A
N/A
Re-balancing of Existing Investment Account
Balances
3
3
3
N/A
N/A
E-statements and Notices
3
N/A
3
N/A
N/A
Forms Request/Principal Brochure
3
3
N/A
N/A
N/A
Communication Channels
You are welcome to contact us via the following channels to inquire and obtain information:
Communication Channels
The HK Polytechnic University
MTS Administration Hotline
2290-1010
The HK Polytechnic University MPF Product Hotline
2280-8694
Facsimile Number
2151-0999
Web-site
http://www.boci-pru.com.hk
http://www.bocpt.com
E-mail
mpf@boci-pru.com.hk
mpf@bocpt.com
Correspondence Address
Unit 2403, 24/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong
ATM/Jetco Network
ATM network of Bank of China (HK)/Jetco network
Customer Services Centre
Unit 2403, 24/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong
General Enquiry
Through branches of the Bank of China (HK),
Nanyang Commercial Bank Limited and Chiyu Banking Corporation Limited
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme Pamphlet – Notes to Members
Notes to Members
Thank you for joining BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme (the “Scheme”). The Trustee of the Scheme is BOCIPrudential Trustee Limited (the “Trustee”). In order to let you understand the important issues to Members of the Scheme, please read the Notes
to Members as stated in the following table:
You may select to contribute a Special Voluntary Contribution at any time by submitting an
“Application for Special Voluntary Contribution” <Form ADDVC-ECS> to the Trustee. The key
benefits of Special Voluntary Contribution are as follows:
➤ Minimum contribution amount is HK$1,000 only
➤ No initial/redemption/rebalancing charges*
➤ Switch your selected investment as many times as you wish
Special Voluntary Contribution
➤ Withdraw cash for not less than HK$3,000 at any time
➤ Easy application
➤ Easy access through your MPF account
For further inquiries, please feel free to call The HK Polytechnic University MTS Administration Hotline
at 2290-1010 or The HK Polytechnic University MPF Product Hotline at 2280-8694.
＊For further details about fees and charges, please refer to BOC-Prudential Easy-Choice Mandatory Provident Fund
Scheme Pamphlet – Fees and Charges (for The Hong Kong Polytechnic University Employees).
Choosing Investment Portfolio
You may choose to invest in the constituent funds by indicating your investment choice in the enrolment
form. If you do not make any investment choices or the total of the allocated percentage of your
investment choices does not equal to 100%, your contributions made and/or benefits transferred will
be 100% invested into the BOC-Prudential Stable Fund in accordance with the default fund arrangement
as stated in the member enrolment form and section 4.4 of the Principal Brochure.
You may give fund rebalancing instruction by submitting to the Trustee a “Change of Investment Fund
Instruction” <FORM EC-SM-REBALANCE> or via The HK Polytechnic University MTS Administration
Hotline/Internet/Smartphones.
Subject to the Mandatory Provident Fund Schemes (General) Regulation, you may choose to transfer
your accrued benefits to one of the following accounts when you change job:
➤ a separate personal account* under the Scheme; or
➤ your new employer’s MPF account with the Trustee.
Portability of Accrued Benefits
To facilitate this transfer, you should submit “Scheme Member’s Request for Fund Transfer Form”
<FORM MPF(S)-P(M)> to the Trustee.
Alternatively, you can elect to transfer your accrued benefits to your new employer’s MPF account or
a new account with another MPF approved trustee by submitting “Scheme Member’s Request for Fund
Transfer Form” <FORM MPF(S)-P(M)> to your new trustee.
If no fund transfer request is made 3 months after the Trustee is notified of cessation of your employment,
all your accrued benefits will be transferred to a personal account* under the Scheme.
Subject to the Mandatory Provident Fund Schemes Ordinance and the Mandatory Provident Fund Schemes
(General) Regulation, you may withdraw all your accrued benefits under the following circumstances:
(a) Attain the normal retirement age of 65; or
(b) Early retired between 60 and 64; or
(c) Death (your personal representatives may claim for the benefits); or
(d) Permanent departure from Hong Kong; or
(e) Total incapacity; or
Withdrawal of Accrued Benefits
(f) Small balance account:
- your accrued benefits kept in the Scheme is less than HK$5,000; and
- at least 12 months have elapsed since the contribution day in respect of the latest contribution
period for which a mandatory contribution is required to be made to the Scheme or to any
other registered scheme by or in respect of you; and
- you do not intend to be employed or self-employed in the foreseeable future; and
- you do not have any accrued benefits kept in any other registered MPF scheme.
If you fulfil any one of the above criteria, you or your claimant can submit a “Claim Form For Payment
of Accrued Benefits” <FORM MPF(S)-W> together with relevant supporting document and required
statutory declaration to the Trustee.
Update of Personal Information
Submit a “Notice of Change of Scheme Member’s Particulars” <FORM SM-CHG (PART)> to the Trustee
within one month from the effective date of any changes to your personal information, such as
correspondence/email address or contact telephone number. Alternately, such information can also be
updated via Internet/Smartphones.
Tax Concession
Mandatory contribution made by a member is tax deductible. Please refer to the Inland Revenue
Ordinance for further details.
* Before the commencement of MPF Employee Choice Arrangement on 1 November 2012, “Personal Account” is known as “Preserved Account”.
This Note is for reference only. Please refer to the latest announcement of the Mandatory Provident Fund Schemes Authority for updated information on the legislative
requirements.
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 the Scheme before making any investment decision.
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme Pamphlet – Investment Choices
Fund Name, Investment Objective and Policy
Risk
Level5
Normal Asset Allocation
Equity Funds
BOC-Prudential China Equity Fund1
• Aims to provide long term capital growth
• Invests at least 70% of the Fund’s non-cash assets in the China equity sub-fund of the Umbrella
Unit Trust and/or equity-related approved ITCIS+ managed by the Investment Manager
Umbrella Unit Trust:
China equity sub-fund
Approved ITCIS+
Cash and time deposits
60 –100% Very High
0 – 10%
0 – 30%
BOC-Prudential Hong Kong Equity Fund1
• Aims to provide long term capital growth
• Invests at least 70% of the Fund’s non-cash assets in the Hong Kong equity sub-fund of the Umbrella
Hong Kong equity sub-fund
Approved ITCIS+
60 –100%
0 – 10%
0 – 30%
High
BOC-Prudential Japan Equity Fund2
• Aims to achieve long term capital growth
• Invests primarily in the Japan equity sub-fund of the Umbrella Unit Trust
Japan equity sub-fund
70 –100%
0 – 30%
High
BOC-Prudential Asia Equity Fund1
• Invests at least 70% of the Fund’s non-cash assets in the Asia (excluding Japan) equity sub-fund
of the Umbrella Unit Trust and/or equity-related approved ITCIS+ managed by the Investment
Manager
Asia equity sub-fund
Approved ITCIS+
60 –100%
0 – 10%
0 – 30%
High
BOC-Prudential Global Equity Fund1
• Seeks to achieve long term capital growth
• Invests at least 70% of the Fund’s non-cash assets in different equity sub-funds of the Umbrella
Global equity sub-fund
Asia equity sub-fund
China equity sub-fund
Hong Kong equity sub-fund
Japan equity sub-fund
European equity sub-fund
Approved ITCIS+
40 –100%
20 – 80%
0 – 40%
0 – 30%
0 – 30%
0 – 30%
0 – 50%
0 – 60%
0 – 30%
High
90 –100%
High
Equity Funds - Index Tracking Series
BOC-Prudential CSI HK 100 Tracker Fund3
• Currently, invests exclusively in an index fund approved as ITCIS+ selected by the Investment Manager – W.I.S.E. – CSI HK 100 TrackerTM, an index-tracking exchange traded fund which seeks to track the
performance of the CSI Hong Kong 100 Index by adopting a representative sampling strategy
Approved ITCIS+
W.I.S.E. – CSI HK 100
TrackerTM
Cash and time deposits BOC-Prudential European Index Tracking Fund3
• Currently, invests exclusively in an index fund approved as ITCIS+ selected by the Investment
Manager – the BOC-Prudential European Index Fund, which seeks to provide investment performance
(before fees and expenses) that tracks the performance of the FTSE MPF Europe Index (unhedged)
primarily by adopting a representative sampling strategy
Approved ITCIS+
BOC-Prudential Index Fund Series: BOC-Prudential
90 –100%
European Index Fund
Cash and time deposits 0 – 10%
High
BOC-Prudential North America Index Tracking Fund3
• Currently, invests exclusively in an index fund approved as ITCIS+ selected by the Investment Manager – the BOC-Prudential North America Index Fund, which seeks to provide investment performance
(before fees and expenses) that tracks the performance of the FTSE MPF North America Index
(unhedged) primarily by adopting a representative sampling strategy
Approved ITCIS+
BOC-Prudential Index Fund Series:
BOC-Prudential North
America Index Fund
High
0 – 10%
90 –100%
0 – 10%
Mixed Assets Funds
BOC-Prudential Growth Fund1
• Seeks to achieve a return higher than the average capital appreciation
• Invests primarily in a combination of the equity sub-funds of the Umbrella Unit Trust and/or approved
ITCIS+ managed by the Investment Manager to form a global equity portfolio
Equities
Bonds
Cash, time deposits, money
market or fixed income securities
70 –100%
0 – 30%
0 – 20%
High
BOC-Prudential Balanced Fund1
• Seeks to achieve a long term capital growth
• Invests in a mix of equity and bond sub-funds of the Umbrella Unit Trust and/or approved ITCIS+
managed by the Investment Manager
Equities
Bonds
Cash, time deposits, money market or fixed income securities
40 – 80%
20 – 60%
0 – 20%
Moderate
to High
BOC-Prudential Stable Fund1
• Reduces the risk of capital losses while attempting to achieve a reasonable level of capital gains
• Invests in a mix of equity and bond sub-funds of the Umbrella Unit Trust and/or approved ITCIS+
managed by the Investment Manager in a conservative manner
Equities
Bonds
Cash, time deposits, money market or fixed income securities
10 – 50%
40 – 90%
0 – 20%
Low to
Moderate
Bond Fund
BOC-Prudential Bond Fund2
• Seeks to provide a stable income stream and long term capital appreciation
• Invests primarily in the global bond sub-fund of the Umbrella Unit Trust
Global bond sub-fund
Cash and time deposits 70 –100%
0 – 30%
Low to
Moderate
Money Market Fund
BOC-Prudential MPF Conservative Fund4
• Aims at achieving a return higher than the interest rate in Hong Kong dollar savings account
• Invests in deposits and debt securities with an average portfolio maturity of not exceeding 90 days
and will have a total value of Hong Kong dollar currency investments equal to the total market value
of the constituent fund
Deposits and debt securities
100%
Very Low
“Approved ITCIS” means “index-tracking collective investment scheme approved by MPFA”.
BOC-Prudential China Equity Fund, BOC-Prudential Hong Kong Equity Fund, BOC-Prudential Asia Equity Fund, BOC-Prudential Global Equity Fund, BOC-Prudential Growth Fund, BOCPrudential Balanced Fund and BOC-Prudential Stable Fund will invest in the sub-fund(s) of the BOC-Prudential Unit Trust Fund, which is an umbrella unit trust (the “Umbrella Unit
Trust”) and/or approved ITCIS+ managed by the investment manager of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme.
2
BOC-Prudential Japan Equity Fund and BOC-Prudential Bond Fund will invest in the sub-fund(s) of the Umbrella Unit Trust.
3
BOC-Prudential CSI HK 100 Tracker Fund will invest in the approved ITCIS+ – W.I.S.E. – CSI HK 100 TrackerTM. BOC-Prudential European Index Tracking Fund and BOC-Prudential North
America Index Tracking Fund will invest in the approved ITCIS+ – BOC-Prudential European Index Fund and BOC-Prudential North America Index Fund respectively. The performance of
the three constituent funds may not be identical to that of the relevant benchmark index. Investment in each constituent fund is essentially subject to the same risks of its underlying
index fund. Please refer to the “Risk Factors” section in Principal Brochure of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme for more details.
4
BOC-Prudential MPF Conservative Fund will directly invest in permissible investments. Investment in this constituent fund is not the same as placing funds on deposit with a bank
or deposit taking company and that there is no obligation to redeem the investment at the subscription value and the constituent fund is not subject to the supervision of the Hong
Kong Monetary Authority.
5
The risk level is determined by BOCI-Prudential Asset Management Limited and represents only the views of BOCI-Prudential Asset Management Limited in respect of the relevant
constituent funds. The risk level is an illustration of the extent of risks associated with the relevant constituent funds by reference to the type of investments made. Such risk level is
for reference only and should not be regarded as investment advice. You should not rely on the risk level when making any investment decision. The risk profile will be reviewed and
(if appropriate) updated at least annually taking into account the prevailing market circumstances. The risk levels are categorized into very low, low, moderate, high and very high.
+
1
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 the Scheme before making any investment decision.
The above information is for your reference only. You should not solely rely on the stand-alone information to make any investment decision.
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.
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme Pamphlet – Fees and Charges
(for The Hong Kong Polytechnic University Employees)
Fees and Charges
Special Arrangement on Fees and Charges for The Hong Kong Polytechnic University Employees
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme
Type of Constituent Fund
Management Fee1
(Current Level)
(constituent funds and Umbrella Unit Trust /
Approved ITCIS Level)
(% of NAV per annum)
Standard Fee Rebate2 available to
The Hong Kong Polytechnic University
Employees
(% of yearly average NAV)
1.6375%
0.6375%
0.90%
N/A4
0.99%
0.09%5
1.6375%
0.6375%
1.4875%
0.6375%
0.80%
N/A
Equity Funds
BOC-Prudential China Equity Fund
BOC-Prudential Hong Kong Equity Fund
BOC-Prudential Japan Equity Fund
BOC-Prudential Asia Equity Fund
BOC-Prudential Global Equity Fund
Equity Funds - Index Tracking Series
BOC-Prudential CSI HK 100 Tracker Fund3
BOC-Prudential European Index Tracking Fund
3
BOC-Prudential North America Index Tracking Fund3
Mixed Assets Funds
BOC-Prudential Growth Fund
BOC-Prudential Balanced Fund
BOC-Prudential Stable Fund
Bond Fund
BOC-Prudential Bond Fund
Money Market Fund
BOC-Prudential MPF Conservative Fund6
1
The management fees will be calculated on the basis of a percentage of the net asset value per annum (“NAV per annum”) of the constituent fund and
the sub‐fund of the umbrella unit trust or approved ITCIS as the case may be. Such fee includes Trustee Fee (on constituent funds level and on Umbrella
Unit Trust and Approved ITCIS+ levels) and Investment Management Fee and is dependent of the funds chosen. Management fees will be payable monthly
in arrears and shall be accrued on each dealing day.
This is the current level. In respect of any increase in fees and charges up to the maximum level, at least three months prior notice will be given. For further
details of other fees and charges (such as fees and expenses of the custodians or sub‐custodians of the assets of the Scheme, tax, stamp duty, registration
fee, custody and nominee charges, audit and legal fees), please refer to Section 7 ‐ “Fees and Charges” of the Principal Brochure of the Scheme.
The rebate is calculated based on the yearly average net asset value (“yearly average NAV”) of the constituent funds and the rate of rebate and will
be credited annually. The yearly average NAV is calculated 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 start dates of the quarters are 1 January, 1 April, 1 July and 1 October and the end dates of the
quarters 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 financial
year end of the Scheme. For members who leave the Scheme during the financial year of the Scheme, the rebate will be calculated up to the date of
termination and will be paid within 45 days of the financial year end of the Scheme.
The performance of the constituent funds may not be identical to that of the relevant benchmark index. Investment in each constituent fund is essentially
subject to the same risks of its underlying index fund. The key risks to which the constituent funds are subject to include: specific risks on tracking the relevant
benchmark index, tracking error risk, sector concentration risk, geographical concentration risk, passive management risk, index calculation risk and tax risk,
etc. Please refer to the “Risk Factors” section in Principal Brochure of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme for more details.
2
3
Offer Spread^:
Nil (Not applicable to BOC-Prudential MPF Conservative Fund6)
Bid Spread^:
Nil (Not applicable to BOC-Prudential MPF Conservative Fund6)
Joining Fee^:
Waived
For BOC-Prudential CSI HK 100 Tracker Fund, a special rebate2 at 0.2625% of yearly average NAV will be offered during the promotional period (up to 31
March 2013).
For BOC-Prudential European Index Tracking Fund and BOC-Prudential North America Index Tracking Fund, a special rebate2 at 0.3525% of yearly average
NAV will be offered during the promotional period (up to 31 March 2013). After the promotional period (starting from 1 April 2013), a standard rebate2
at 0.09% of yearly average NAV will be offered until further notice.
If the amount of income and profits from the funds of the BOC-Prudential MPF Conservative Fund in a particular month exceeds the amount of interest that
would be earned if those funds had been placed on deposit in a Hong Kong dollar savings account at the prescribed saving rate, an amount not exceeding the
excess may be deducted from the BOC-Prudential MPF Conservative Fund as administrative expenses for that month; or if in a particular month no amount is
deducted as aforesaid or the amount that is deducted is less than the actual administrative expenses for the month, the deficiency may be deducted from the
amount of any excess that may remain in any of the following 12 months after deducting the administrative expenses applicable to that following month.
“Approved ITCIS” means “index-tracking collective investment scheme approved by the MPFA”.
This is the current level. In respect of any increase in fees and charges up to the maximum level, at least three months prior notice will be given. For further
details of other fees and charges (such as fees and expenses of the custodians or sub‐custodians of the assets of the Scheme, tax, stamp duty, registration
fee, custody and nominee charges, audit and legal fees), please refer to Section 7 – “Fees and Charges” of the Principal Brochure of the Scheme.
4
5
6
+
^
Investment involves risks. The portfolio of the Scheme is subject to market fluctuations and exchange rate fluctuations and to the risks inherent in all investments.
The subscription and redemption prices of units of the constituent funds may go down as well as up. Please refer to the Principal Brochure of the Scheme for
further details.
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.
In the event that you do not make any investment choices, please be reminded that your contributions made and/or benefits transferred into BOC-Prudential Easy-Choice
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 document to make any investment decision, please refer to the Principal Brochure of BOC-Prudential Easy-Choice Mandatory
Provident Fund Scheme for further details (including risk factors, fees and charges, and fund information).
Adding New Constituent Fund and Updating Risk Levels for Existing Constituent Funds
With effect from 2 April 2013, the newly established constituent fund - BOC-Prudential MPF RMB & HKD Money Market Fund1 (this constituent fund is denominated in HKD only and not
in RMB) is available under the BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme (“the Scheme”). This constituent fund seeks to achieve long-term total returns by
primarily investing in a portfolio of money market and debt instruments denominated in RMB and HKD. The management fee2 for this constituent fund is 0.8% of NAV per annum. Please
refer to the Principal Brochure of the Scheme for further details.
In addition, the risk levels of the existing constituent funds under the Scheme are updated as follows:
Constituent Funds
Equity Funds
Equity Funds – Index Tracking Series
BOC-Prudential CSI HK 100 Tracker Fund
BOC-Prudential North America Index Tracking Fund
Mixed-Asset Funds
Bond Fund
Money Market Funds
BOC-Prudential MPF RMB & HKD Money Market Fund1, 4 (this constituent fund is denominated in HKD only and not in RMB)
BOC-Prudential MPF Conservative Fund4, 5
New Risk Levels3
High
High
High
High
High
High
High
High
High
Medium to High
Medium
Medium
Low to Medium
Low
This constituent fund invests at least 50% of its net asset value in assets denominated and settled in RMB, and thus is subject to RMB currency risk. RMB is not freely convertible and
is subject to policies of exchange controls and repatriation restrictions. There is no guarantee that the RMB will not depreciate or RMB will not be subject to devaluation. Besides, this
constituent fund is also subject to risk relating to limited pool of investments, credit/insolvency risk of counterparties, liquidity risks, emerging market risk and interest rates risk, etc..
For further details, please refer to Section 3.2 – “Risk Factors” of the Principal Brochure of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme.
1
Management fees currently comprise of trustee fee and investment management fee only and will be payable monthly in arrears and shall be accrued on each dealing day but will only
be payable to the Trustee and the Investment Manager in a particular month in the following circumstances: (a) if the amount of income and profits from the funds of the BOC-Prudential
MPF RMB & HKD Money Market Fund (this constituent fund is denominated in HKD only and not in RMB) in that particular month exceeds the amount of interest that would be earned if
those funds had been placed on deposit in a Hong Kong dollar savings account at the prescribed savings rate (as prescribed by the Mandatory Provident Fund Schemes Authority from
time to time pursuant to section 37 of the Mandatory Provident Fund Schemes (General) Regulation), an amount not exceeding the excess may be deducted from BOC-Prudential MPF
RMB & HKD Money Market Fund (this constituent fund is denominated in HKD only and not in RMB) as management fees for that month; (b) if in a particular month no amount is
deducted under (a) above or the amount that is deducted is less than the actual management fees for the month, the management fees in that particular month is considered to be
waived or partially waived by the Trustee and the Investment Manager (as the case may be) and the deficiency will not be deducted from the amount of any excess that may remain in
any of the following months.
2
In respect of any increase in fees and charges from the current level (up to a permitted maximum level), at least three months prior notice will be given. For details of other fees and
charges, please refer to Section 7 – “Fees and Charges” of the Principal Brochure of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme.
The new risk levels are categorized into low, low to medium, medium, medium to high and high. The risk levels are determined by BOCI-Prudential Asset Management Limited based
on the investment mix of each constituent fund and/or its underlying investments, and represent only the views of BOCI-Prudential Asset Management Limited in respect of the relevant
constituent funds. Such risk levels are for reference only and should not be regarded as investment advice. You should not rely on the risk levels only when making any investment
decision. The risk profile is determined based on data as at 31 December 2012 and will be reviewed and (if appropriate) updated at least annually taking into account the prevailing
market circumstances.
3
If you are in doubt about the information of risk level, you should seek independent financial and/or professional advice.
Members of the Scheme should note that investment in the BOC-Prudential MPF RMB & HKD Money Market Fund (this constituent fund is denominated in HKD only and not in RMB)
and BOC-Prudential MPF Conservative Fund are not the same as placing funds on deposit with a bank or deposit-taking company and that there is no obligation to redeem the
investment at the subscription value and that these two constituent funds are not subject to the supervision of the Hong Kong Monetary Authority.
4
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.
5
Investment involves risks. The portfolio of the Scheme is subject to market fluctuations and exchange rate fluctuations and to the risks inherent in all investments. The subscription and
redemption prices of units of the constituent funds may go down as well as up. Please refer to the Principal Brochure of the BOC-Prudential Easy-Choice Mandatory Provident Fund
Scheme for further details.
For any enquiry, please contact our MPF Application and Product Hotline at (852) 2280 8686.
This document is issued by BOCI-Prudential Asset Management Limited.
強積金投資服務
MPF Investm ent Services
中銀保誠資產管理
BOCI-Prudential Asset Management
強積金每月表現概要
MPF Monthly Performance Summary
2015 7月刊 July issue
重要資訊 Important Information
• 在作出任何投資選擇前，你必須評估你可承受的風險程度及本身的財務狀況；當你選擇基金時，若不能肯定某些基金是否適合自己（包括是
否與你的投資目標一致），你應諮詢財務及╱或專業人士的意見，以作出最切合個人狀況的基金選擇。
• 若你沒有選擇任何投資分佈，請緊記你所作出的供款及╱或轉移入中銀保誠簡易強積金計劃的累算權益將根據成員申請表及介紹手冊第4.4
部份所指的預設基金安排，被視為投資於中銀保誠平穩基金，而此基金並不一定適合你。
• 強積金保守基金的費用及收費可（一）透過扣除資產收取；或（二）透過扣除成員賬戶中的單位收取。中銀保誠強積金保守基金採用方式
（一）收費，故所列之單位價格╱資產淨值╱基金表現已反映費用及收費之影響。
• 你不應只依賴這宣傳品來作出任何投資決定，計劃詳情（包括風險因素、費用及收費及基金資料）請參閱中銀保誠簡易強積金計劃之介紹手冊。
• 投資涉及風險。成分基金單位價格可跌亦可升。過去的表現並不代表未來的表現。
•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.
•In the event that you do not make any investment choices, please be reminded that your contributions made and/or benefits transferred into
BOC-Prudential Easy-Choice 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
BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme for further details (including risk factors, fees and charges, and fund information).
•Investment involves risks. Prices of units of the constituent funds may go down as well as up. The past performance information is not
indicative of future performance.
This document is issued by BOCI-Prudential Asset Management Limited.
此文件由中銀國際英國保誠資產管理有限公司發行。
註 : • 此文件所述的強積金基金均為中銀保誠簡易強積金計劃的 Note : • All MPF funds mentioned in this document are constituent funds of the BOC-Prudential Easy-Choice Mandatory
成分基金。
Provident Fund Scheme.
• 此文件只用作提供資料性用途。所有資料更改恕不另行通知。
• This document is for informational purposes only. The contents of the document are subject to change without
• 文中所載之成分基金推出日期及基金價格由中銀國際英國保
further notice.
誠信託有限公司提供，其他資料則由中銀國際英國保誠資產
• The Launch Date and Fund Price of constituent funds contained in this document are provided by BOCI-Prudential
管理有限公司提供。
Trustee Limited, while other information is provided by BOCI-Prudential Asset Management Limited.
• 您可隨時選擇不收取任何由中銀國際英國保誠資產管理有
• You may at anytime choose not to receive any marketing mailings from BOCI-Prudential Asset Management
限公司所寄出的市場推廣郵件。欲作出此安排，請電郵至
Limited. To make such arrangement, please e-mail to info@boci-pru.com.hk.
info@boci-pru.com.hk。
香港中環花園道1號中銀大廈27字樓
27/F, Bank of China Tower,1 Garden Road, Central, Hong Kong
強積金開戶及產品熱線
MPF Application and Product Hotline: 2280 8686
網址
Website: http://www.boci-pru.com.hk
有關中銀保誠簡易強積金計劃售後的行政文件，請郵寄至「香港銅鑼灣威非路道18號萬國寶通中心24字樓2403室，中銀國際英國保誠信託有限公
司」。此外，成員可致電積金行政熱線2929 3030查詢各項強積金行政事務（包括賬戶資料、供款及其他強積金行政事務）。
Regarding the after-sales administration forms of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme, kindly send to “BOCI-Prudential Trustee Limited, Unit
2403, 24/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong ”. In addition, members may call the MPF Administration Hotline at 2929 3030 for MPF
administration affair enquiries (including account details, contributions and other MPF administration affairs).
中銀保誠簡易強積金計劃成分基金表現
PERFORMANCE OF CONSTITUENT FUNDS UNDER
BOC-PRUDENTIAL EASY-CHOICE MPF SCHEME
累計表現 Cumulative Performance
成分基金名稱
Name of Constituent Fund
基金類別
Fund Descriptor
基金價格
Fund Price
三個月回報
3-months
Return
一年回報
1-year Return
三年回報
五年回報
十年回報
3-years Return 5-years Return 10-years Return
成立至今回報
Return Since
Inception
中銀保誠中國股票基金
股票基金 (中國)
Equity Fund (China)
2007/10/15
HK$7.6539
-19.04%
1.91%
23.17%
6.05%
N/A 不適用
-23.46%
中銀保誠香港股票基金
股票基金 (香港)
Equity Fund (Hong Kong)
2003/04/15
HK$36.6639
-13.46%
1.22%
29.41%
25.63%
93.43%
266.64%
中銀保誠日本股票基金
股票基金 (日本)
Equity Fund (Japan)
2006/10/03
HK$9.2050
-0.12%
11.72%
55.10%
40.88%
N/A 不適用
-7.95%
中銀保誠亞洲股票基金
股票基金 (亞洲(日本除外))
Equity Fund (Asia ex Japan)
2006/10/03
HK$12.5509
-12.00%
-9.50%
6.97%
8.36%
N/A 不適用
25.51%
中銀保誠環球股票基金
股票基金 (環球)
Equity Fund (Global)
2003/04/15
HK$23.2476
-1.91%
3.14%
37.70%
48.05%
62.00%
132.48%
中銀保誠中證香港100指數基金
2012/09/03
HK$12.4154
-11.42%
0.46%
N/A 不適用 N/A 不適用 N/A 不適用
24.15%
中銀保誠歐洲指數追蹤基金
股票基金 (歐洲)
Equity Fund (Europe)
2012/09/03
HK$13.2876
-0.89%
2.63%
32.88%
中銀保誠北美指數追蹤基金
股票基金 (北美)
Equity Fund (North America)
2012/09/03
HK$14.4872
-0.06%
6.34%
44.87%
中銀保誠增長基金
混合資產基金 (環球) 股票之最高分佈率為 - 100%
Mixed Assets Fund (Global) Maximum equity - 100%
2000/12/13
HK$19.1291
-6.41%
-0.13%
30.25%
32.40%
70.81%
91.29%
中銀保誠均衡基金
2000/12/13
HK$19.0262
-4.06%
-1.24%
14.14%
19.08%
56.21%
90.26%
中銀保誠平穩基金
2000/12/13
HK$18.2755
-2.94%
-2.25%
6.17%
11.40%
43.70%
82.76%
中銀保誠債券基金
債券基金 (環球)
Bond Fund (Global)
2003/04/15 HK$13.1748
-1.39%
-3.60%
-5.08%
1.27%
18.89%
31.75%
中銀保誠強積金人民幣及
港元貨幣市場基金
BOC-Prudential MPF RMB &
HKD Money Market Fund
貨幣巿場基金(香港及中國)
(有關地域是按照基金所投資的幣值而分類)
Money Market Fund (Hong Kong and China)
(the geographic region is classified by the currency
denomination of the fund's investment)
2013/04/02
HK$10.3486
0.41%
1.53%
中銀保誠強積金保守基金^
BOC-Prudential MPF Conservative Fund^
貨幣市場基金 (香港)
Money Market Fund (Hong Kong)
2000/12/13 HK$11.6544
0.02%
0.36%
年度表現
1
1.08%
1.64%
11.46%
3.49%
16.54%
Calendar Year Performance 1
成分基金名稱
Name of Constituent Fund
基金類別
Fund Descriptor
2010
2011
2012
2013
2014
年度至今
Year To Date
中銀保誠中國股票基金
股票基金 (中國)
Equity Fund (China)
6.26%
-20.74%
15.90%
0.83%
5.81%
0.08%
中銀保誠香港股票基金
9.68%
-18.56%
23.14%
4.98%
2.98%
4.32%
中銀保誠日本股票基金
股票基金 (日本)
Equity Fund (Japan)
5.68%
-18.14%
11.46%
28.02%
-2.90%
12.59%
中銀保誠亞洲股票基金
股票基金 (亞洲(日本除外))
Equity Fund (Asia ex Japan)
15.97%
-20.31%
16.28%
0.44%
0.91%
-3.84%
中銀保誠環球股票基金
股票基金 (環球)
Equity Fund (Global)
7.97%
-9.51%
12.64%
21.30%
3.40%
2.63%
中銀保誠中證香港100指數基金
N/A 不適用
N/A 不適用
16.02%
0.92%
2.74%
3.20%
中銀保誠歐洲指數追蹤基金
股票基金 (歐洲)
Equity Fund (Europe)
N/A 不適用
N/A 不適用
5.96%
20.68%
-3.32%
7.48%
中銀保誠北美指數追蹤基金
股票基金 (北美)
Equity Fund (North America)
N/A 不適用
N/A 不適用
0.49%
29.17%
10.44%
1.06%
中銀保誠增長基金
8.36%
-13.64%
14.83%
15.22%
0.69%
2.87%
中銀保誠均衡基金
5.73%
-6.55%
9.17%
7.59%
0.11%
0.99%
中銀保誠平穩基金
4.26%
-3.21%
6.15%
3.90%
-0.39%
-0.16%
中銀保誠債券基金
債券基金 (環球)
Bond Fund (Global)
1.79%
2.79%
2.88%
-3.78%
0.24%
-1.99%
中銀保誠強積金人民幣及
港元貨幣市場基金
BOC-Prudential MPF RMB &
HKD Money Market Fund
貨幣巿場基金(香港及中國)
(有關地域是按照基金所投資的幣值而分類)
Money Market Fund (Hong Kong and China)
(the geographic region is classified by the currency
denomination of the fund's investment)
N/A 不適用
N/A 不適用
N/A 不適用
2.05%
0.16%
1.24%
中銀保誠強積金保守基金^
BOC-Prudential MPF Conservative Fund^
貨幣市場基金 (香港)
Money Market Fund (Hong Kong)
0.01%
0.14%
0.60%
0.17%
0.59%
0.13%
數據截至2015年7月31日。投資涉及風險。過去的表現並不代表未
來的表現。
Data as of 31 July, 2015. Investment involves risks. The past
performance information is not indicative of future performance.
1
推出日期
Launch Date
如成分基金之年度表現於該年度不足一年，該年度表現將以成立日至該
年年終作計算。
If the history of the constituent 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.
^ 由2009年9月30日起，中銀保誠保本基金已改名為中銀保誠強積
金保守基金。
With effect from 30 September, 2009, BOC-Prudential Capital
Preservation Fund has been renamed to BOC-Prudential MPF
Conservative Fund.
•成分基金之報價均扣除投資管理費及其他費用。有關其他費用及收費詳情，請參閱中
銀保誠簡易強積金計劃之介紹手冊第7節－
「費用及收費」
。
The prices of constituent funds were calculated after deduction of investment management fee
and other respective charges. For details of other fees and charges, please refer to Section 7 –
"Fees and Charges" of the Principal Brochure of BOC-Prudential Easy-Choice Mandatory
•成分基金之表現是按單位資產淨值作為比較基礎，以港元為計算單位，其股息並作滾存投資。
Performance of constituent funds is calculated in HKD on NAV-to-NAV basis with gross
dividend reinvested.
•有關成分基金所涉及的風險，請參閱中銀保誠簡易強積金計劃之介紹手冊內第3.2節「風險因素」
。
For the risks that the constituent funds are subject to, please refer to the Section 3.2 – the
“Risk Factors” of the Principal Brochure of BOC-Prudential Easy-Choice Mandatory

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