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HAPFS - Investment Instruction

The investment choice that works for you today may no longer be appropriate to you a few years from now. As you move through different stages of your life, there are important milestones that call for different approaches to investment.

Therefore, HAPFS offers you the flexibility to switch your investment choice regularly. Effective March 2013, Investment Instruction can be performed on a monthly basis. There are a
few things that you need to be aware of ...

  • Asset switch and investment mandate for future contributions (collectively referred as "Investment Instruction") are separate. They need not be done at the same time.
  • Switching of your investment choice can be done via the INVESCall Member Hotline for HA Employees or the INVESNet.
  • The cut-off time for giving Investment Instruction is 5 p.m.of the 23rd of each month. If the 23rd of a particular month falls on a day which is not a business day, the cut-off date for that month will be postponed to the next business day that immediately follows. The Investment Instruction made before 5 p.m. on the cut-off date will be executed on the last calendar day of that particular month. If you miss the cut-off time, your instruction will be executed in the following month.
  • If a member gives switching instruction in 2 consecutive months, the member MUST take note that his/her 2nd month new switching instruction input will be blocked until the 1st month fund units have been transacted and updated in the system. Typically, this means the member will only be able to input his/her 2nd month new switching instruction 3 business days after the 15th of the 2nd month. In those circumstances, members could contact Invesco’s hotline for assistance.
  • If you want to amend the Investment Instruction you have given earlier in the month, you can do so by submitting another Investment Instruction before the cut-off date. Only the last instruction made before the cut-off date will be taken as final.
  • You will receive a confirmation from HSBC Institutional Trust Services (Asia) Limited, HAPFS's administrator, after your Investment Instruction has been executed.

When you consider changing your current investment choice, bear in mind that you are investing for your retirement and that requires a long-term perspective. Avoid the temptation to alter your choice because of emotional reactions to short-term economic and financial market conditions. Review your portfolio periodically and stay with a well thought-out plan to
help you get what you want from retirement.

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Invesco Strategic MPF Scheme (the "Master Trust") currently offers the Default Investment Strategy and 12 Constituent Funds, comprising the following fund types: equity fund (including index- tracking fund), bond fund, money market fund, guaranteed fund and mixed asset fund.
The Guaranteed Fund of the Master Trust invests solely in an insurance policy issued by Principal Insurance Company (Hong Kong) Limited, which is also the guarantor (the "Guarantor"). Your investments in the Guaranteed Fund are therefore subject to the credit risk of the Guarantor. The Guarantor of the Guaranteed Fund will provide a guarantee of capital and a prescribed guaranteed rate of return only (i) if a qualifying event occurs and the Guarantor receives a valid claim or (ii) in other situations (as described in the appendix to the MPF scheme brochure). You should read the MPF scheme brochure carefully before investing in the Guaranteed Fund. Please refer to the risk factors section and the appendix of the MPF scheme brochure for details of the credit risk, guarantee features and guarantee conditions.
The MPF Conservative Fund of the Master Trust does not guarantee the repayment of capital.
Fees and charges of an MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) member's account by way of unit deduction. The MPF Conservative Fund of the Master Trust uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.
You should consider your own risk tolerance level and financial circumstances before taking any investment choices or invest according to the Default Investment Strategy. When, in your selection of funds and/or the Default Investment Strategy, you are in doubt as to whether a certain fund and/or the Default Investment Strategy is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and make investment choice(s) most suitable for you taking into account your circumstances.
In the event that you do not make any investment choices, your contributions made and/or accrued benefits transferred into the Master Trust will automatically be invested in accordance with the Default Investment Strategy, which may not necessarily be suitable for you. Please refer to the section headed "Default Investment Strategy" for further information.
Investment involves risks. Past performance is not indicative of future performance. You should not invest solely based on the information provided in this section and should read the MPF scheme brochure for details, including the risk factors and product features.
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