Establishment of the new investment choice
With effect from 23 November 2020, the Hang Seng Index Tracker Fund (‘New Fund’) will be available as a new investment choice under Wayfoong Multi-funding System (‘WMFS’) (applies to Hong Kong dollar schemes only). The addition of the New Fund under WMFS will provide an alternative fund choice to members / employers.
Portfolio rebalancing and Redirection of future contributions
To provide members / employers a greater flexibility when allocating their investments under the WMFS, with effect from 1 December 2020, WMFS will be enhanced to allow instructions for portfolio rebalancing of existing balances and redirection of future contributions to be done weekly on the relevant valuation day (which will be 7th, 14th, 21st, 28th of each month or, where it is not a business day, the next available business day), except the Capital Guaranteed Fund, 4% Guaranteed Fund, 5% Guaranteed Fund and Central Provident Fund. For further information of the changes described above, please refer to the updated ‘Principal Brochure’ (together with its supplement), and the 'Change of Investment Instruction by Member' (INCI06) form or ‘Change of Investment Instruction by Employer’ (INCI51) form. You should only use the new form from the 23 November 2020 onwards.
The ‘Principal Brochure’ (together with its supplement) of WMFS has been issued to reflect the changes described above and the consequential changes. You may refer to the Notice dated 30 October 2020 and the updated ‘Principal Brochure’ for further details of the changes.