New MPF Scheme Brochure – Improve customer experience to a higher level (30 March 2020)

With effect from 31 March 2020, the Principal Brochure of HSBC Mandatory Provident Fund – SuperTrust Plus has been amended and renamed as the MPF Scheme Brochure of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘MPF Scheme Brochure’). This new MPF Scheme Brochure has been updated in several aspects with the key highlights as below:

(a) physical attributes: change into an A4-sized booklet with bigger font sizes;

(b) content: 

i. expand the scope of risk disclosure by assigning ‘Risk class’ on top of existing ‘Risk rating’ and listing all the risk factors applicable to each Constituent Fund;

ii. adopt a one month notice period or, if the MPFA and/or the SFC may require a notice period of up to three months in case of any material changes to an investment objective or any other particular ;

iii. simplify the disclosure of the Hang Seng Index Tracking Fund and the Hang Seng China Enterprises Index Tracking Fund;

(c) writing style: update in an easy-to-understand and concise manner to enhance readability and clarity.

‘Risk class’ is a newly added 7-point risk classification scale applicable to all MPF constituent funds so as to facilitate scheme members to compare the risk level of constituent funds across different MPF schemes.  It is based on the existing risk indicator information, ie. the annualised standard deviation of the monthly rates of return over the past three years of the Constituent Funds, which is already available on the Fund Fact Sheet. The existing ‘Risk rating’ information of the Constituent Funds will continue to be provided. It is defined using a 5-point risk scale and is derived based on a combination of quantitative and qualitative risk factors including price volatility, asset allocation and liquidity (with exception to DIS Constituent Funds with additional consideration based on the available historical data of the funds and the respective underlying indices of the industry recognised reference portfolio of the funds). For more details about the difference between ‘Risk class’ and ‘Risk rating’, please refer to ‘Glossary‘ under ‘Important information’ on the HSBC MPF website.

To learn more about the changes, please refer to the notice and the MPF Scheme Brochure.

Important notes

  • The information contained in this website is for reference only and will be updated from time to time without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
  • Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant MPF Scheme Brochure.