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Important Risk Warning:

  • The investment decision is yours, but you should not invest in the product unless the intermediary who sells it to you has explained to you that the products is suitable for you having regard to your financial situation, investment experience and investment objectives.
  • Unit Trusts are investment products and some may involve derivatives. Unit Trusts are not equivalent to time deposits.
  • In the worst case scenario, the value of the unit trusts may be worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing)
  • Investors should not base on this material alone to make investment decision. Please refer to the relevant offering documents for the product details, including the risk factors involved.

If you

  • want to accumulate your wealth and looking for growth opportunities
  • are concerned with transaction costs when investing in unit trusts
  • appreciate that your fund portfolio will grow only if you position your funds in the right asset types at the right time,

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.

How to invest

HSBC Personal Internet Users

Log on to buy/sell Unit Trusts

Not yet a HSBC Personal Internet Banking User


Register for HSBC Personal Internet Banking


Need help?

Call (852) 2233 3733(852) 2233 3733

Why FundMax?

Portfolio rebalancing with ease

With the access to the wide range of funds we offered, you can focus on picking funds to rebalance your portfolio to enhance your portfolio return potential, as well as diversifying your portfolio, without having to consider any upfront transaction costs.

Round-the-clock performance tracking

Make use of our gain/loss tracking service via HSBC Personal Internet Banking to monitor your fund performance anytime. To facilitate your monitoring, we will alert you with SMS2 when your pre-set level of gain / loss is hit.


2Gain / loss tracking SMS alerts are applicable to individual holdings with a market value reaching HK$250,000 and for HSBC Premier customers only.

All-in-one monthly fee, as low as 1% p.a.

Invest with a single monthly fee, as low as 1% p.a. with no upfront subscription and switching charges for your unit trusts transactions.

How to start investing in FundMax with HSBC

Manage your Unit Trust portfolio through multiple channels

  • HSBC Personal Internet Banking: Buy, sell and switching transactions, and unit trust investment performance monitoring all at the touch of a button
  • Phone banking: Sell transactions only at your convenience
  • Branch Network: Speak to one of HSBC's investment professionals, and let them help you to capture the latest investment opportunities according to your individual needs

Full suite of comprehensive investment tools

Fund Express

You can also compare funds in detail with just a few clicks using our FundExpress tool.

Strategic Financial Planning

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.

How much does it cost?

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.

Account fee rate per annum
FundMax Account average holding balance Account fee rate (p.a.)3
HSBC Premier HSBC Advance
Below HKD500,000 1.5% 1.75%
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 FundMax Account Fee Calculation

Details of the account fee collected will be provided in the monthly account statement.

Example

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 Table
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

Service Table
Service Rate
Administration fee at account closure
  • Any accrued monthly account fee that has not yet been paid, and
  • If the period between the date of completion of the last subscription or switching and the date of account closure is less than one year, an account fee based on the minimum charging balance will be charged for the remaining period up to the first anniversary of the transaction
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.

More ways to invest

Unit Trust Monthly Investment Plan (UTMIP)

Build your investment portfolio and realize your financial goals through UTMIP

HSBC Managed Solutions

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.

Fund Express

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:

  • Spreading the risk. You spread your investment across a diverse portfolio. This is usually safer than investing in a single share. Of course, levels of risk and return also vary among different funds.
  • Professional management. Fund managers spend their working lives researching and managing investments. It would be very difficult for an individual to have an in-depth knowledge of markets around the world. With a unit trust, their expertise is working for you.
  • Access to worldwide markets. Your money can be invested in overseas markets, which may not be easily accessible by individuals.
  • Economies of scale. With a large number of investors contributing to a single fund, operating costs and commissions can be amortised. Individual investors thus pay lower fees.
  • Liquidity. You can buy and sell unit trusts on any dealing day (except on public holidays in the countries to which your fund is linked). Your money need not be tied up for a specific period of time.

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.

  • Investment Risk - Unit Trusts are NOT equivalent to time deposits. They are investment products and some may involve derivatives. Investment involves risks. Past performance is no guide to future performance of the funds. Value of the investments can fluctuate and is not guaranteed.
  • Credit risk - For funds investing in bonds, bonds are subject to the risk of the issuer defaulting on its obligations. It should also be noted that credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer
  • Liquidity risk - There is a risk that investments made by a unit trust may become less liquid in response to unfavourable market developments or market sentiment
  • Currency risk - If the fund's assets and income are denominated in currencies other than the base currency of the fund, currency movement may affect the value of the fund's share price.

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.

Disclaimer Select to Expand Select to Collapse

FundMax Account Terms and Conditions

General

  • FundMax Account is an Investment Services Account governed by Integrated Accounts Terms and Conditions which must be read in conjunction with the following terms and conditions for FundMax Account.
  • Customer must hold an HSBC Premier or HSBC Advance account in order to open a FundMax Account.
  • Trading in stocks, warrants, equity-linked notes/ investments and Stocks/Unit Trust Monthly Investment Plan are not applicable in FundMax Account.
  • Please note that frequent trading and market timing activities are strictly prohibited by fund managers in the interest of the funds. The Bank reserves the right to terminate any FundMax Accounts found engaging in such activities.

Monthly Account Fee

  • Initial charge and switching fee are waived for subscription or switching using the FundMax Account. Customers are still subject to other charges including but not limited to annual management fee, redemption charge, and performance fee as prescribed in respective fund offering documents.
  • Monthly account fee will start to accrue from the date when unit trust holdings (excluding funds in the 'No Subscription Fee Series', CapitALL funds and guaranteed funds) ('Relevant Funds') are first recorded in the FundMax Account.
  • Monthly account fee is calculated based on the average holding balance of Relevant Funds during the charging period and the rate corresponding to that balance. For funds denominated in foreign currencies, the holding balance in Hong Kong dollar equivalent will be used based on the prevailing exchange rate as of the date when the holding balance is calculated. The monthly account fee is calculated in Hong Kong dollar and charged in the denomination currency of your designated cash account at the prevailing exchange rate as of the date when the fee is collected if the cash account is denominated in currency other than Hong Kong dollars.
  • The monthly account fee is collected on the last business day of each calendar month and on a full-month basis. If the date from when unit trust balance is first recorded does not cover a full month, the monthly account fee for that month will be charged in the following month. Details of the monthly account fee can be found in the monthly composite statement for your FundMax Account.
  • The monthly account fee is debited from the designated cash account as specified at the opening of the FundMax Account. If you wish to change the designated cash account, the instruction must be received by the Bank 3 business days before the last business day of the month for the monthly account fee to be charged against the new cash account from that month.
  • If the average holding balance of Relevant Funds during the charging period is below the minimum charging balance specific to the type of Integrated Account under which the FundMax Account is held, the monthly account fee will be calculated based on the 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.
  • If the debit for monthly account fee has been unsuccessful for 3 consecutive months, the FundMax account will be suspended.

Account Closure

  • Upon closure of FundMax Account, any accrued monthly account fee not yet charged will be collected from the designated cash account when all investment holdings have been redeemed or transferred out and the account is successfully closed.
  • If the period between the date of completion of the last subscription or switching of any Relevant Funds using the FundMax Account and the date of account closure is less than 1 year, an administration fee based on the relevant minimum charging balance and the corresponding rate will be collected from your designated cash account for the period from the date following the account closure to the date of anniversary of that transaction.

Transfer

  • For transfer-out of holdings in Relevant Funds from FundMax Account to other accounts, a transfer fee of 1% of prevailing market value of units being transferred will apply. The transfer fee will be charged against the designated cash account upon receipt of such instruction at the denomination currency of that cash account. If the fund denomination currency is not of the same currency as that of your designated cash account, the transfer fee will be converted to the denomination currency of your cash account at the prevailing exchange rate as of the date of collection. The transfer fee is not refundable irrespective of whether the transfer-out instruction is successfully executed or not.

Miscellaneous

  • These Terms and Conditions can be amended by the Bank from time to time on giving prior notice to the Customer by way of display in the Banks premises or by such other method as the Bank thinks fit. If the Customer does not close the FundMax Account prior to the expiry of the notice period, the Customer shall be deemed to have agreed to such amendment.

The English version of these Terms and Conditions shall prevail if there is any inconsistency between the English version and the Chinese version.


Risk Disclosures

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.