Important Risk Warning:
FundMax uses a pricing model with one single account fee for unlimited transactions which allows customer to timely rebalance their portfolio.
then HSBC’s FundMax is a total wealth management solution that will help you build and manage your financial health with a single monthly fee.
Timely rebalancing of your portfolio can help to enhance your potential returns. Yet, the fee involved in the process can be a deterrent. We have now made the rebalancing of your portfolio much easier with a low single account fee1 for unlimited transactions and access to a full suite of wealth management services and tools. You can also diversify your portfolio with asset allocation strategy via access to a wide range of funds.
1The account fee is calculated based on the average holding balance of open-end funds (excluding the No Subscription Fee Series and CapitALL funds), and is subject to a minimum charging balance. The minimum charging balance is HKD200,000 for FundMax Account held under HSBC Premier and HKD50,000 for FundMax Account held under HSBC Advance. Terms and conditions apply, please refer to the Terms and Conditions section for more details. All other fees applicable to the relevant fund subscription will still apply.
You can also compare funds in detail with just a few clicks using our FundExpress tool.
Whether you already have a financial goal in mind or are looking to set up a new goal, Strategic Financial Planning will help you better understand your financial needs and achieve your goals.
All-in-one monthly fee, as low as 1%p.a.
One account fee based on the monthly average market value of the fund holdings3 in your FundMax account, without having to pay any upfront subscription fees or switching charges.
|FundMax Account average holding balance||Account fee rate (p.a.)3|
|HSBC Premier||HSBC Advance|
|HKD500,000 to less than HKD1,000,000||1.25%||1.5%|
|HKD1,000,000 or above||1%||1.25%|
3The account fee is calculated based on the average holding balance of open-end funds (excluding the No Subscription Fee Series and CapitALL funds), and is subject to a minimum charging balance. The minimum charging balance is HKD200,000 for FundMax Account held under HSBC Premier and HKD50,000 for FundMax Account held under HSBC Advance. Terms and conditions apply, please refer to the Terms and Conditions section for more details. All other fees applicable to the relevant fund subscription will still apply.
How is the FundMax account fee calculated?Monthly Account fee Equals Average holding balance of open-end funds Multiply Account fee% Multiply number of calendar days in the charging period Divided number of calendar days for the full year
Details of the account fee collected will be provided in the monthly account statement.
Mr. Chan, an HSBC Premier customer, maintains a FundMax account with open-end fund holdings during April 2016. The monthly account fee for April 2016 is calculated as follows:
|Charging period:||1-30 April 2016
(30 days; 366 days in the full year)
|Average holding balance of open-end funds for April 2016:||HKD600,000|
|Account fee for April 2016 = HKD600,000 x 1.25% x 30/366 = HKD614.75|
The account fee will be collected from the designated cash account on the last business days of the month.
Other service charges
|Administration fee at account closure||
|Transfer fee||1% of the prevailing market value of the units being transferred out|
Note: FundMax account is designed for customers who plan to periodically review and rebalance their portfolios in order to benefit from the features of the account. It may not be suitable for investors who plan to hold the same funds for a long time without any rebalancing.
Build your investment portfolio and realize your financial goals through UTMIP
Investment solutions designed with customers' specific goals and needs in mind
Personal Internet Users can access to comprehensive fund information for systematic fund analysis via Fund Express to facilitate you to make investment decision.
An all-in-one tool with comprehensive fund information for systematic fund analysis.
Unit trusts (or mutual funds) give investors the opportunity to diversify even a small investment in securities, bonds, currencies and commodities in markets around the world. This is achieved by combining the resources of many investors into one large fund which can be spread over a number of different investments and over a wide geographical area. This range of investments is called a portfolio.
Unit trusts have a number of benefits:
Some unit trust products are linked to the index options listed on the various stock exchanges or sometimes to currency options. They can be slightly riskier than more diverse funds.
You don't need to make a large lump sum investment. We can also offer you a monthly investment plan where no initial lump sum is required and the monthly contribution is as low as HKD1,000.
HSBC offers wide range of unit trusts under 3 major asset categories, namely Equity funds, Balanced or Multi-assets funds and Fixed Income funds. Individual funds investing in different regions, has different investment strategies and investment objectives to better serve our customer's wealth needs against his/her risk appetite.
In general, investors are exposed to following risks in investing in unit trusts and investors should refer to the individual product offering document for further details and risks involved.
You can place your subscription and redemption orders via HSBC Personal Internet Banking. If you already have an HSBC Investment Services/Securities account, you can simply log on and execute your orders with us. We also offer Unit Trusts Investment Services through our branches. To open an Investment Services/Securities account, simply visit www.hsbc.com.hk any time or visit any HSBC branch in Hong Kong.
FundMax Account Terms and Conditions
Monthly Account Fee
The English version of these Terms and Conditions shall prevail if there is any inconsistency between the English version and the Chinese version.
The information is not and should not be construed as an offer to buy or sell any investment products, and should not be considered as investment advice. You should carefully consider whether any investment products are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. Investment involves risks and past performance is not indicative of future performance.
This document has not been reviewed by the Securities and Futures Commission of Hong Kong or any regulatory authority in Hong Kong.
Issued by the Hongkong and Shanghai Banking Corporation Limited.