Investment Performance | Insurance

HSBC HK
Insurance
Investment Performance

Important Risk Warning

Please read the following carefully and select 'Continue' to learn more about the details of the plan.

All the investment-linked insurance plans ("plan") are issued by HSBC Life (International) Limited, and/or Macau Branch ("the Company").
Issuer's Risk - you rely on the Company's creditworthiness and your investments are subject to the credit risk of the Company.
All premiums you pay towards your policy, and any investments made by the Company in the underlying funds/assets*, will become and remain the assets of the Company. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.
You are not investing in the underlying funds/assets* and you do not have any rights or ownership over these underlying funds/assets*.
Your potential return from investment is calculated by the Company with reference to the fluctuation of the performance of the underlying funds/assets*. Each of these underlying funds/assets* has its own investment objectives and associated risks.
The investment choices available under the plan can have very different features and risk profiles. Some may be of high risk.
Early surrender, withdrawal, premium reduction or lapse of the plan may result in a significant loss of your premiums paid and bonuses awarded. Poor performance of the underlying funds may further magnify your investment losses, while all charges are still deductible.
The potential return of the plan is based on investment choices linked to the plan which is calculated or determined by the Company with reference to the performance of the corresponding underlying fund, the potential return of investments under the plan shall be subject to the charges of the plan and may be lower than the return of the corresponding underlying fund.
Please note the following relating to insurance coverage and insurance charge:
- Part of the fees and charges you pay that will be deducted from the value of your policy will be used to cover the insurance charge for the life coverage and any optional supplementary benefit you may choose.
- Your policy provides life protection and additional coverage depending on the optional supplementary benefit you may choose.
- The insurance charge will reduce the amount that may be applied towards investment in the underlying funds corresponding to the investment choices selected.
- The insurance charge may increase significantly during the term of your policy due to factors such as the life insured's Insurance Age and investment loss. This may result in significant or even total loss of your premiums paid.
- If the value of your policy becomes insufficient to cover all relevant charges, (including the insurance charges) as mentioned in "Details of charges" section for 45 consecutive calendar days during the policy term, your policy may be terminated early and you could lose all your premiums paid and benefits.
- If you are in doubt, you should make sure the intermediary has explained to you and that the policy is suitable to you.
The investment decision is yours but we strongly recommend that you do not invest in the plan unless the intermediary who sells it to you has explained to you that the plan is suitable for you having regard to your financial situation, investment experience and investment objectives.
You should not invest based on the information of this web site alone and should read the offering documents which will be made available by the Company.

Please note: LifeInvest Protection Plus/RetireInvest Protection Plus/Savings Protection Plus/Super Life, LifeInvest Protection Plan (10 Years Maximiser) and WealthInvest Insurance Plan/WealthInvest Life Plan are no longer offered to the public. The Investment Choices being listed in the Investment Performance Page may be more than that you can select in your Plan. The information shown for the above plans is for existing policyholders only.

* "Assets" do not apply to WealthInvest Insurance Plan/WealthInvest Life Plan and HSBC Wealth Select Protection Linked Plan

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Risk Disclosure

Risk Disclosure for LifeInvest Protection Plus/RetireInvest Protection Plus Plan/Saving Protection Plus/Super Life, LifeInvest Protection Plan (10 Years Maximiser) and WealthInvest Insurance Plan/WealthInvest Life Plan:

Investment involves risks. Each investment choice is subject to market value fluctuations and to the risks inherent in all investments. The investment choices available under the plan can have very different features and risk profiles. Some may be of high risk. Past performance is no guide to future performance of the investment choices. The price of units in any investment choice or the income from them (if any) may go down as well as up.
The underlying investment may involve multiple currencies, the value of investment may be subject to possible exchange rate fluctuations/risks.
Investment choices which are invested in certain markets and companies (e.g. emerging markets, commodity markets and smaller companies, etc) may also involve a higher degree of risk and are usually more sensitive to price movements.
The underlying funds of the plan may involve derivatives. Do not invest in it unless you fully understand and are willing to assume the risks associated with it. This instrument can be highly volatile and expose you to a high risk of loss. For details of the underlying funds, please refer to the relevant offering document which will be made available by the Company.
The potential return on investments under the plan will be subject to the charges of the plan and may be lower than the return of the Investment Choices or the underlying funds. (Applicable to WealthInvest Insurance Plan and WealthInvest Life Plan only)
Base currency of the underlying funds is the US dollars/HK dollars, except HSBC Life Fidelity Euro Bond and HSBC Life Fidelity European Growth Fund which are denominated in euro. Since the underlying investment may involve multiple currencies, investment returns not denominated in HKD or USD are exposed to exchange rate fluctuations. Rates of exchange may cause the value of investments to go up or down. (Applicable to LifeInvest Protection Plus/RetireInvest Protection Plus Plan/Saving Protection Plus/Super Life only)
Investment choices that may distribute cash dividend (if any) on a regular basis have "(DistC)" next to their names (hereafter referred to as "Investment Choice(s) (Cash Distribution)"). If you choose to invest in the Investment Choice(s) (Cash Distribution), you will receive cash dividend(s) pursuant to clauses D4(b) and D4(c) of WealthInvest Insurance Plan provisions and clauses C4(b) and C4(c) of WealthInvest Life Plan provisions after we have received cash dividend(s) (if any) from the corresponding underlying fund(s). Important information about the Investment Choices (Cash Distribution) is as follows:

a) The distribution of dividends, the frequency of distribution, and the amount or rate of dividends of the Investment Choice(s) (Cash Distribution) are not guaranteed; b) The underlying fund(s) linked to Investment Choice(s) (Cash Distribution) may at its discretion pay dividends out of capital, i.e. payment out of the original investment or out of any income generated from such investment. Such payment amounts to a return of part of the original investment or a withdrawal from any capital gains attributable to such investment. At the same time, the underlying fund(s) may also charge all or part of its fees/expenses out of capital the same way described above. These may result in an immediate reduction of the net asset value per unit of the corresponding underlying fund(s) after the distribution date, which may have a negative impact on the unit price of the respective Investment Choice(s) (Cash Distribution). Please also note that a positive distribution yield does not imply a positive return;
c) In comparison to investment choices that distribute dividends by crediting into the Plan in the form of additional notional units of such investment choices and reinvest such dividend, Investment Choice(s) (Cash Distribution) pay out cash dividend (if any) which may reduce the account value and hence the death benefit payable for WealthInvest Insurance Plan and WealthInvest Life Plan. If the account value of WealthInvest Insurance Plan is negative for forty-five consecutive calendar days, or when the Guaranteed Coverage Privilege period (if applicable) is expired, your policy will lapse. The lapse event (i) in the preceding sentence may not take place if certain conditions are satisfied, please refer to clauses A6 and A7 of the WealthInvest Insurance Plan’s provisions for such conditions, as well as for other terms and conditions relating to lapse triggers. You may also refer to sections "Termination of policy" and "Guaranteed Coverage Privilege" of the WealthInvest Insurance Plan’s product brochure for more information / If the account value of WealthInvest Life Plan is insufficient to cover all relevant charges for forty-five consecutive calendar days while your policy is in force, your policy will lapse. For the relevant terms and conditions, please refer to the clause A6 of the WealthInvest Life Plan’s provisions.You may also refer to section "Termination" of WealthInvest Life Plan’s product brochure for more information;
d) The amount of dividend paid by the Investment Choice(s) (Cash Distribution) and the corresponding underlying funds’ information such as dividend composition information of the underlying funds for the last 12 months are made available by us upon request without any charges. In addition, such information is available on our website, you can visit our website (please go to www.hsbc.com.hk > Insurance > Investment Performance) to read the section "Cash Dividend Distribution Record";
e) We may amend the distribution policy of WealthInvest Insurance Plan and WealthInvest Life Plan (including its investment choices), subject to Securities and Futures Commission’s prior approval and by giving not less than one month’s prior notice to investors; and
f) You should not select the Investment Choice(s) (Cash Distribution) unless you understand the details of its corresponding underlying fund(s) (including, without limitation, the investment objectives and policies, risk factors and charges, which may include but not limited to administrative fee, trustee fee, fund maintenance fee, management fee and custodian fee of the underlying fund(s)).
Please refer to the relevant Principal Brochure and policy for details including fees and charges.

Risk Disclosure for HSBC Wealth Select Protection Linked Plan

The following investment choices are available for HSBC Wealth Select Protection Linked Plan (the “Plan” or “your Policy” or the “Policy” or the “ILAS Policy”), which is an investment-linked insurance plan issued by HSBC Life (International) Limited (Incorporated in Bermuda with limited liability) (“the Company” or “we” or “us”). Policyholder is referred to as “you” or “your”.
HSBC Wealth Select Protection Linked Plan is an insurance policy issued by us, which is not equivalent or similar to any kind of bank deposit. The premium you pay, after deduction of any fees and charges applicable to the Plan, will be invested by the Company in the underlying fund(s) corresponding to your selected investment choices. Your investments are therefore subject to the credit risks of the Company.
The premiums you pay towards the insurance policy will become part of the assets of the Company. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.
Your potential return on investments is calculated or determined by the Company with reference to the performance of the underlying funds corresponding to the investment choices you selected. Due to the various fees and charges levied by the Company on the ILAS Policy, the potential return on the Policy as a whole may be lower than the return of the underlying fund corresponding to the investment choices you selected. You are subject to the investment risk.
The account value of the ILAS Policy will be calculated by the Company based on the performance of the underlying funds corresponding to the investment choices you selected from time to time and the ongoing fees and charges which will continue to be deducted from the ILAS Policy. The units of each investment choices allocated to the ILAS Policy are notional and solely for determining the account value and benefits under the ILAS Policy.
More importantly, you should be aware of the following regarding your death benefit and the insurance charges:
-   Part of the fees and charges you pay will be deducted from the value of the ILAS Policy and will be used to cover the insurance charges for the life coverage.
-   The insurance charges will reduce the amount that may be applied towards the account value in the underlying funds of the investment choice(s) selected.
-   The insurance charges may increase significantly during the term of the ILAS Policy due to factors such as age and investment losses, etc. This may result in significant or even total loss of your premiums paid.
-   If the value of the ILAS Policy becomes insufficient to cover all the ongoing fees and charges, including the insurance charges, the ILAS Policy may be terminated early and you could lose all your premiums paid and benefits.
-   You should consult your intermediary for details, such as how the charges may increase and could impact the value of the ILAS Policy.
The investment choices available under the Policy can have very different features and risk profiles. Some may be of high risk. Underlying funds available for selection are listed in the Investment Choice Brochure. The Plan is classified under Class C linked long-term business, as defined in the Insurance Ordinance. It is not a fund authorised by the Securities and Futures Commission of Hong Kong (the “SFC”) pursuant to the Code on Unit Trusts and Mutual Funds (“UT Code”). The Company is subject to the prudential regulation of the Insurance Authority and the Plan has been authorised by the SFC. SFC authorisation does not imply official recommendation or endorsement of HSBC Wealth Select Protection Linked Plan nor does it guarantee the commercial merits of the Plan or its performance. It does not mean the Plan is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Early surrender / partial withdrawal penalty - The ILAS Policy is designed to be held for a long term period. Early surrender or partial withdrawal of the Policy / policy termination may result in a significant loss of principal, bonuses awarded and/or sustainability of the Policy. Poor performance of underlying funds corresponding to the investment choices may further magnify your investment losses, while all fees and charges are still deductible.
Investment involves risk.
-   You should not purchase the ILAS Policy unless you understand it and it has been explained to you how it is suitable for you. You should read the offering documents for the Plan and underlying funds corresponding to the investment choices you selected, which are made available by the Company upon request. The final decision is yours.
-   Each investment choice is subject to market value fluctuations and to the risks inherent in all investments. The unit price or the income (if any) from each investment choice may go down as well as up. Please read the Principal Brochure and the offering documents for the underlying funds corresponding to the investment choices involved for details. The past performance of each investment choice is not indicative of any future performance. Specific investment-related risk factors include:
-   Market risks - Return of the ILAS Policy is contingent upon the performance of the underlying funds, which will fluctuate, and therefore there is a risk of capital loss.
-   Foreign exchange risks - The investment return of the ILAS Policy may be subject to foreign exchange risks as some of the underlying funds or the assets within such funds may be denominated in a currency which is different from that of the ILAS Policy.
-   Specific risks - Investment choices which are invested in certain markets and companies (eg emerging markets, commodity markets and smaller companies, etc) may also involve a higher degree of risk and are usually more sensitive to price movements.
-   Risk associated with Risk Matching and De-risking Service – Risk Matching and De-risking Service (“Service”) is an optional service and you are free to opt in (or opt out) the Service at policy inception or at any time after the policy is issued. After opting in the Service, you will only be allowed to invest in one of the designated investment choices available under this Service in accordance with your risk profile. The Service adopts a pre-set de-risking process when you reach Age* 55. You should consider your own personal circumstances (including your risk profile and retirement plan) before opting in for this Service. If you are in doubt as to whether the Service is suitable for you, you should seek financial and/or professional advice.
Investment choices with “(DistC)” next to their names are investment choices that may distribute cash dividend (if any) on a regular basis (hereafter referred to as “Investment Choice(s) (Cash Distribution)”). Important information about the Investment Choice(s) (Cash Distribution):
-   The distribution of dividends, the frequency of distribution, and the amount or rate of dividends of the Investment Choice(s) (Cash Distribution) are not guaranteed;
-   The underlying fund(s) corresponding to Investment Choice(s) (Cash Distribution) may at its discretion pay dividends out of capital, ie payment out of the original investment or out of any income generated from such investment. Such payment amounts to a return of part of the original investment or a withdrawal from any capital gains attributable to such investment. At the same time, the underlying fund(s) may also charge all or part of its fees/expenses out of capital in the same way as described above. These may result in an immediate reduction of the net asset value per Unit of the corresponding underlying fund(s) after the distribution date, which may have a negative impact on the unit price of the respective Investment Choice(s) (Cash Distribution). Please also note that a positive distribution yield does not imply a positive return;
-   In comparison to investment choice(s) that do not distribute dividends, Investment Choice(s) (Cash Distribution) pay out cash dividend (if any) which may reduce the account value and hence the death benefit payable for the Plan. Your Policy will lapse if the account value of the Plan remains negative (i) for forty-five consecutive calendar days, and (ii) when the Guaranteed Coverage Privilege period (if applicable) has expired. The lapse event of (i) in the preceding sentence may not take place if conditions applicable to Guaranteed Coverage Privilege are satisfied. Please refer to “Guaranteed Coverage Privilege” under Section A – Plan features of the Product Brochure and policy documents for more information;
-   The dividend amounts paid by the Investment Choice(s) (Cash Distribution) and the corresponding underlying fund(s)’ information such as dividend composition information of the underlying funds for the last 12 months are made available by the Company upon request without any charges. In addition, from the date of the launch of the Investment Choice(s) (Cash Distribution), such information is available on our website. You can visit our website (please go to www.hsbc.com.hk > Insurance > Investment Performance) to read the section “Cash Dividend Distribution Record”;
-   We may amend the distribution policy of the Plan (including its investment choices), subject to Securities and Futures Commission’s prior approval and by giving not less than one month’s prior notice to you;
-   You should not select any Investment Choice(s) (Cash Distribution) based solely on information contained herein. You should read the offering documents of the Plan and the relevant offering documents (including the Product Key Facts Statement) of the corresponding underlying fund(s) of Investment Choice(s) (Cash Distribution) for further details including the risk factors, which will be made available by the Company upon request without any charges; and;
-   For the operational arrangements for the distribution of cash dividend (if any) for the Investment Choice(s) (Cash Distribution), you can refer to Appendix of the Investment Choice Brochure for details.
Please refer to the relevant Principal Brochure and policy for details including fees and charges.

*Age means on policy effective date or on policy anniversary, the Age of the policyholder at the policyholder’s next birthday. The Age will remain the same during the corresponding policy year until next policy anniversary.

- Investment Choice Performance

If you are interested in any investment choices of the plan, you can input its name to help to locate it.

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Unitised Investment Choice
Currency	Launch Date	Unit Price	Cumulative Performance Based on
Currency	Launch Date	Unit Price	1 year	2 years	3 years	4 years	5 years	Since Launch

Notes:

The unitised investment choices invest in their respective designated underlying funds. These investment choices are linked with their underlying funds in terms of the investment objectives, underlying asset risks and performances. Unitised investment choices will be divided into units, the price of which will be determined by the net asset value including investment returns and net of charges on investment choices on that transaction date. The investment return includes interest, dividends and realised or unrealised capital and currency gains and losses. Performance statistics are based on unit prices of the relevant investment choices in their respective currency, calculated on a unit-price-to-unit-price basis.

For the non-unitised investment choice (HSBC Life Deposit Fund), the assets are allocated into financial instruments as specified in its investment objectives and the return net of charge on the investment choice will be declared by HSBC Life (International) Limited ("the Company") to the balance of the investment choice on every transaction date. Performance statistics are based on declared bonus rate.

These investment choices are owned by the Company and thus your investments and the benefits offered under the plan are subject to the credit risk of the Company. You are not investing in the underlying funds/assets and you do not have any rights or ownership over these underlying funds/assets.
All data on unit prices and cumulative performance are supplied by the Company
For GBP policies, the investment returns are denominated in pounds sterling. US/Hong Kong dollar based investors are therefore exposed to fluctuations in the US/Hong Kong dollar/pounds sterling exchange rate.
Effective from 15 March 2004, "High Growth Fund" and "Deposit Fund" are renamed from "Managed Growth Fund" and "Stable Growth Fund" respectively.
Effective from 10 October 2005, "HSBC Life Chinese Equity Fund", "HSBC Life Hong Kong Equity Fund", "HSBC Life Asian Bond Fund" and "HSBC Life Deposit Fund" are renamed from "Chinese Equity Fund", "Hong Kong Equity Fund", "Asian Bond Fund" and "Deposit Fund" respectively. Effective from 1 January 2011. "HSBC Life European Equity Fund" and "HSBC Life US Dollar Bond Fund" will be renamed from "Pan-European Equity Fund" and "USD Investment Grade Bond Fund"respectively.
Effective from 20 June 2008, "HSBC Life BlackRock Global Dynamic Equity Fund" is renamed from "HSBC Life BlackRock Global Fundamental Value Fund". Its underlying fund is also changed from "BlackRock Global Funds - Global Fundamental Value Fund" to "BlackRock Global Funds - Global Dynamic Equity Fund".
Effective from 4 October 2008,
"HSBC Life Allianz GIS RCM Hong Kong Fund" is renamed as "HSBC Life Allianz RCM Hong Kong"
"HSBC Life Allianz GIS RCM Total Return Asian Equity Fund" is renamed as "HSBC Life Allianz RCM Total Return Asian Equity"
"HSBC Life Allianz GIS RCM Oriental Income Fund" is renamed as "HSBC Life Allianz RCM Oriental Income"
Effective from 11 May 2009, "HSBC Life BlackRock Japan Small & MidCap Opportunities Fund" are renamed from "HSBC Life BlackRock Japan Opportunities Fund"
Effective from 1 July 2009, except for the word "fund" used in individual inv estment choice name, all the words "fund" previously used in this page are referred as "investment choice".
Effective from 9 July 2010, "HSBC Life Fidelity Asia Pacific Dividend Fund" is renamed from "HSBC Life Fidelity Asia Pacific Growth and Income Fund".
Effective from 1 August 2010, "HSBC Life Schroder ISF Asian Bond Absolute Return" is renamed from "HSBC Life Schroder ISF Asian Bond".
Effective from 17 July 2012,
"HSBC Life Allianz RCM Hong Kong" is renamed as "HSBC Life Allianz Hong Kong Equity".
"HSBC Life Allianz RCM Oriental Income" is renamed as "HSBC Life Allianz Oriental Income" while its Chinese name remains unchanged.
"HSBC Life Allianz RCM Total Return Asian Equity" is renamed as "HSBC Life Allianz Total Return Asian Equity" while its Chinese name remains unchanged.
Effective from 27 September 2010, HSBC Life Fidelity US Dollar Bond Fund, HSBC Life Fidelity Growth & Income Fund, HSBC Life Fidelity Euro Bond Fund and HSBC Life Fidelity International Bond Fund are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
HSBC Life Schroder ISF Euro Dynamic Growth is terminated and removed from Investment Choices with effect from 29 April 2011.
Effective from 14 February 2014, "HSBC Life BlackRock Japan Flexible Equity Fund" is renamed from "HBSC Life BlackRock Japan Value Fund".
Effective from 12 May 2014, HSBC Life BlackRock US Flexible Equity Fund and HSBC Life Templeton Global Fund are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
Effective from 1 June 2015, the Chinese name of "HSBC Life Allianz Hong Kong Equity", "HSBC Life Allianz Oriental Income" and "HSBC Life Allianz Total Return Asian Equity" has been renamed while its English name remains unchanged.
Effective from 29 February 2016, "Stable Fund" and "HSBC Life Cash Portfolio Fund" are renamed from "Conservative Fund" and "HSBC Life Deposit Fund" respectively.
Effective from 13 April 2017, "HSBC Life BlackRock Japan Flexible Equity Fund" and "HSBC Life Templeton Asian Growth Fund" are closed for switch-in, however, switch-out is allowed.
Effective from 10 July 2017, "HSBC Life Fidelity Global Bond Fund" is renamed from "HSBC Life Fidelity International Bond Fund".
Effective from 31 January 2018, "HSBC Life Franklin Mutual U.S. Value Fund" is renamed from "HSBC Life Franklin Mutual Beacon Fund".
Effective from 1 March 2018, the English name of "HSBC Life Schroder ISF Asian Bond Absolute Return" has been renamed as "HSBC Life Schroder ISF Asian Bond Total Return" while its Chinese name remains unchanged.
Effective from 16 November 2018, HSBC Life Templeton European Fund is terminated and removed from Investment Choices.
Effective from 2 October 2019, “HSBC Life Allianz Hong Kong Equity” is closed for switch-in, however, switch-out is allowed.
Effective from 16 December 2020, "HSBC Life Fidelity Growth & Income Fund" has been renamed as "HSBC Life Fidelity Multi Asset Income Fund".
Effective from 26 April 2021, "HSBC Life Templeton Global Bond Fund" is closed for switch-in, however, switch-out is allowed.
Effective from 28 October 2021, “HSBC Life Fidelity Multi Asset Income Fund” has been renamed to “HSBC Life Fidelity Sustainable Multi Asset Income Fund”.
Effective from 25 October 2023, HSBC Life Franklin Mutual U.S. Value Fund is closed for subscription including switch-in and premium allocation. However, switch-out is allowed.
Effective from 23 February 2024 , "BlackRock Global Dynamic Equity Fund" is renamed as "BlackRock Sustainable Global Dynamic Equity Fund".

Investment Choice - Performance Report [PDF] This link will open in a new window

For the risk rating of the above investment choices, please click here [PDF] for more information.

Important Notice: For investment linked insurance plans, click here [PDF] for the most updated risk rating changes of the investment choices.

(Risk rating is for your reference only)

a) These investment choices are restricted investment choices which you can allocate no more than 10% of the premium paid. Switching money to these restricted investment choices is not allowed.
b) Please note, BlackRock [sub-fund] is the abbreviated name of BlackRock Global Funds - [sub-fund] throughout this material.

Notes:

The unitised investment choices invest in their respective designated underlying funds. These investment choices are linked with their underlying funds in terms of the investment objectives, underlying asset risks and performances.Unitised investment choices will be divided into units, the price of which will be determined by the net asset value including investment returns and net of charges on investment choices on that transaction date. The investment return includes interest, dividends and realised or unrealised capital and currency gains and losses. Performance statistics are based on unit prices of the relevant investment choices in their respective currency, calculated on a unit-price-to-unit-price basis.

These investment choices are owned by HSBC Life (International) Limited ("the Company") and thus your investments and the benefits offered under the plan are subject to the credit risk of the Company. You are not investing in the underlying funds and you do not have any rights or ownership over these underlying funds.
All data on unit prices are supplied by the Company. All data on launch date and cumulative performance of the underlying funds corresponding to the relevant investment choices are supplied by Morningstar Asia Limited ("Morningstar"). The launch date provided by Morningstar refers to the underlying fund class inception date.
All unit prices quoted are calculated as at the latest valuation date and are for indication only.
Templeton European Fund, HSBC GIF Asia Pacific (ex Japan) Equity High Dividend Fund, HSBC GIF Korean Equity Fund are no longer applicable to new applications of LifeInvest Protection Plan (10 years Maximiser) with effect from 3 March 2008. Policies of LifeInvest Protection Plan (10 years Maximiser) applied before 3 March 2008 can no longer switch money into these investment choices with effect from 2 June 2008.
Effective from 3 March 2008, Fidelity Funds - South East Asia Fund and Fidelity Funds - Emerging Markets Fund have been classified as restricted investment choices. This change does not affect LifeInvest Protection Plan (10 years Maximiser) application signed before the effective date.
AllianceBernstein - American Income Portfolio, AllianceBernstein - Global Bond Portfolio, AllianceBernstein - Global High Yield Portfolio are portfolios of ACMBernstein. AllianceBernstein is the trading name of this mutual investment fund (fonds commun de placement) organised under the laws of Luxembourg, while its legal name is ACMBernstein.
BlackRock Global Allocation Fund (formerly MLIIF Global Allocation Fund) was formed by merger of the Merrill Lynch Equity/Convertible Series (MLECS) US Capital Allocation Portfolio and MLECS Global Allocation Portfolio (launched on 3 January 1997) into Mercury Selected Trust (MST) Global Allocation Fund on 1 July 2002. Effective 1 July 2002, MST changed its name to Merrill Lynch International Investment Funds (MLIIF). Any performance history prior to 1 July 2002 was that of the MLECS Global Allocation Portfolio and not that of the MLIIF Global Allocation Fund which was launched on 1 July 2002.
BlackRock US Basic Value Fund (formerly MLIIF US Basic Value Fund) was formed by merger of the Merrill Lynch Equity/Convertible Series (MLECS) US Basic Value Portfolio (launched on 8 January 1997) into Mercury Selected Trust (MST) US Basic Value Fund on 1 July 2002. Effective 1 July 2002, MST changed its name to Merrill Lynch International Investment Funds (MLIIF). Any performance history prior to 1 July 2002 was that of the MLECS US Basic Value Portfolio and not that of the MLIIF US Basic Value Fund which was launched on 1 July 2002.
Effective from 11 May 2009, "BlackRock Japan Small & MidCap Opportunities Fund" have been renamed from "BlackRock Japan Opportunities Fund"
Effective from 1 July 2009, except for the word "fund" used in individual investment choice name, all the words "fund" previously used in this page are referred as "investment choice".
Effective from 9 July 2010, "Fidelity Funds - Asia Pacific Dividend Fund" has been renamed from "Fidelity Funds - Asia Pacific Growth and Income Fund". Effective from 30 September 2010, the Chinese name of "Fidelity Funds - Asia Pacific Dividend Fund" has been renamed while its English name remains unchanged.
Schroder ISF US Dollar Bond is no longer available for money switch-in with effect from 27 September 2010.
Effective from 1 June 2011, the Chinese name of "HSBC GIF BRIC Equity Fund" has been renamed while its English name remains unchanged.
Effective from 14 February 2014, "BlackRock Japan Flexible Equity Fund" has been renamed from "BlackRock Japan Value Fund".
Effective from 5 February 2016, "AllianceBernstein - American Income Portfolio", "AllianceBernstein - Global Bond Portfolio" and "AllianceBernstein - Global High Yield Portfolio" have been renamed as "AB FCP I - American Income Portfolio", "AB FCP I - Global Bond Portfolio" and "AB FCP I - Global High Yield Portfolio" respectively.
Effective from 23 March 2016, "Fidelity Funds - South East Asia Fund" has been renamed as "Fidelity Funds - Asia Focus Fund".
Effective from 22 September 2016, "HSBC GIF Korean Equity Fund" is terminated and removed from Investment Choices.
Effective from 7 November 2016, "HSBC GIF Hong Kong Equity Fund" is closed for switch-in, however, switch-out is allowed.
Effective from 13 April 2017, "Fidelity Funds - Fidelity Target™ 2020 Fund", "BlackRock Japan Flexible Equity Fund" and "Templeton Asian Growth Fund" are closed for switch-in, however, switch-out is allowed.
Effective from 31 January 2018, "Franklin Mutual U.S. Value Fund" has been renamed from "Franklin Mutual Beacon Fund".
Effective from 16 November 2018, Templeton European Fund is terminated and removed from Investment Choices.
Effective from 1 July 2019, "AB FCP I — Global Bond Portfolio” has been renamed as “AB FCP I — Short Duration Bond Portfolio".
Effective from 10 February 2020, "BlackRock Global Enhanced Equity Yield Fund" has been renamed as "BlackRock Systematic Global Equity High Income Fund".
Effective from 24 February 2021, "Fidelity Funds – Asia Focus Fund" has been renamed as "Fidelity Funds – Sustainable Asia Equity Fund".
Effective from 26 April 2021, "Templeton Asian Bond Fund" and "Templeton Global Total Return Fund" are closed for switch-in, however, switch-out is allowed.
Effective from 24 June 2022, "Fidelity Funds - America Fund" is closed for switch-in, however, switch-out is allowed.
Effective from 28 June 2022, “AB FCP I - Short Duration Bond Portfolio” is closed for switch-in, however, switch-out is allowed.
Effective from 20 March 2023, Fidelity Funds - Sustainable Asia Equity Fund is closed for switch-in. However, switch-out is allowed.
Effective from 18 April 2023, “Schroder ISF BRIC (Brazil, Russia, India, China)” has been renamed as “Schroder ISF BIC (Brazil, India, China)”.
Effective from 7 September 2023, Franklin Mutual U.S. Value Fund, Templeton Global Income Fund, Schroder ISF Global Equity Yield are closed for switch-in. However, switch-out is allowed.
Effective from 19 February 2024, Fidelity Funds - Pacific Fund is closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
Effective from 23 February 2024 , "BlackRock Global Dynamic Equity Fund" is renamed as "BlackRock Sustainable Global Dynamic Equity Fund".

Investment Choice - Performance Report [PDF] This link will open in a new window

For the risk rating of the above investment choices, please click here [PDF] for more information.

Important Notice: For investment linked insurance plans, click here [PDF] for the most updated risk rating changes of the investment choices.

(Risk rating is for your reference only)

a) The investment choices are under WealthInvest Insurance Plan only and are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
b) The investment choices are under WealthInvest Insurance Plan / WealthInvest Life Plan only and are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.

N/A: If the underlying fund corresponding to the relevant investment choice has not been launched during the specified duration, the relevant cumulative performance (in percentage return) will be displayed as "N/A".

Notes:

The investment choices invest in their respective designated underlying funds. These investment choices are linked with their underlying funds in terms of the investment objectives, underlying asset risks and performances. The investment choices will be divided into units, the price of which will be determined by the underlying fund's net asset value including its investment returns and net of its charges on that transaction date. The investment return includes interest, dividends and realised or unrealised capital and currency gains and losses. Performance statistics are based on unit prices of the underlying funds in their respective currency, calculated on a unit-price-to-unit-price basis.

Your investments are subject to the credit risk of the Company. You are not investing in the underlying funds and you do not have any rights or ownership over these underlying funds. Early surrender or withdrawal of the plan may result in a significant loss of your principal and bonuses awarded (if any).
All data on unit prices are supplied by the Company. All data on launch date and cumulative performance of the underlying funds corresponding to the relevant investment choices are supplied by Morningstar Asia Limited ("Morningstar"). The launch date provided by Morningstar refers to the underlying fund class inception date.
All unit prices of the investment choices quoted are calculated as at the latest valuation date and are for indication only.
AllianceBernstein - American Income Portfolio, AllianceBernstein - Global High Yield Portfolio and AllianceBernstein - Global Bond Portfolio are portfolios of ACMBernstein. AllianceBernstein is the trading name of this mutual investment fund (fonds commun de placement) organized under the laws of Luxembourg, while its legal name is ACMBernstein.
"HSBC GIF" is the abbreviated name of "HSBC Global Investment Funds".
BlackRock Global Funds - Global Allocation Fund (formerly MLIIF Global Allocation Fund) was formed by merger of the Merrill Lynch Equity/Convertible Series (MLECS) US Capital Allocation Portfolio and MLECS Global Allocation Portfolio (launched on 3 January 1997) into Mercury Selected Trust (MST) Global Allocation Fund on 1 July 2002. Effective 1 July 2002, MST changed its name to Merrill Lynch International Investment Funds (MLIIF). Any performance history prior to 1 July 2002 was that of the MLECS Global Allocation Portfolio and not that of the MLIIF Global Allocation Fund which was launched on 1 July 2002.
Effective 09/01/2004, Schroder Asian Emerging Markets Fund (launched on 12/10/1995) was merged into Schroder ISF Emerging Asia. The management fee has been changed from 1.75% p.a. to 1.5% p.a. Performance before 09/01/2004 refers to that of Schroder Asian Emerging Markets Fund. Performance of the benchmark: since launch to 31/10/2007 - MSCI EM Asia Gross (TR); 01/11/2007 to 31/08/2008 - MSCI AC Asia ex Japan with China capped at 10%; 01/09/08 to present - MSCI EM Asia USD.
Performance of HSBC Global Investment Funds - BRIC Equity quoted prior to 1 December 2009 refers to the Class M1C of but not to the existing class.
Effective from 1 August 2010, "Schroder ISF Asian Bond Absolute Return" has been renamed from " Schroder ISF Asian Bond ".
Effective from 27 September 2010, BlackRock Global Funds - Euro-Markets Fund, BlackRock Global Funds - US Flexible Equity Fund, Templeton Global Balanced Fund, Franklin Mutual European Fund, Franklin US Government Fund, Schroder ISF Asian Bond Absolute Return and Schroder ISF China Opportunities are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
Effective from 1 June 2011, the Chinese name of "HSBC Global Investment Funds - BRIC Equity" has been renamed while its English name remains unchanged.
Effective from 17 July 2012, "Allianz Hong Kong Equity" has been renamed from "Allianz RCM Hong Kong". The English name of "Allianz Oriental Income" has been renamed from "Allianz RCM Oriental Income" and the English name of "Allianz Total Return Asian Equity" has been renamed from "Allianz RCM Total Return Asian Equity", while their Chinese names remain unchanged.
Effective from 21 March 2013, "BlackRock Global Funds - Local Emerging Markets Short Duration Bond Fund" has been renamed as "BlackRock Global Funds - Emerging Markets Local Currency Bond Fund".
Effective from 2 December 2013, "HSBC GIF - Climate Change" has been renamed as "HSBC GIF - Global Equity Climate Change".
Effective from 20 January 2014, Fidelity Funds - Thailand Fund (USD), Fidelity Funds - US Dollar Bond Fund (USD), Fidelity Funds - US Dollar Bond Fund (HKD), Franklin Templeton Global Growth and Value Fund (USD), Schroder ISF Emerging Asia (USD), Schroder ISF Emerging Asia (HKD), Schroder ISF Global Emerging Market Opportunities (USD), Schroder ISF Global Emerging Market Opportunities (HKD), Schroder ISF Hong Kong Dollar Bond (HKD), Templeton Global Fund (USD) and Templeton Global Fund (HKD) are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
Effective from 14 February 2014, "BlackRock Global Funds - European Growth Fund" has been renamed as "BlackRock Global Funds - European Special Situations Fund".
Effective from 31 March 2014, "Franklin Templeton Global Growth and Value Fund" has been renamed as "Franklin Global Growth and Value Fund".
Effective from 1 June 2015, the Chinese name of "Allianz Hong Kong Equity", "Allianz Oriental Income" and "Allianz Total Return Asian Equity" has been renamed while its English name remains unchanged.
Effective from 7 August 2015, the Chinese name of “Invesco Global High Income Fund” has been renamed while its English name remains unchanged. Effective from 23 April 2020, this Investment Choice is closed for switch-in, however, switch-out is allowed.
Effective from 5 February 2016, "AllianceBernstein - American Income Portfolio (USD)", "AllianceBernstein - American Income Portfolio (HKD)", "AllianceBernstein - Global Bond Portfolio (USD)", "AllianceBernstein - Global Bond Portfolio (HKD)", "AllianceBernstein - Global High Yield Portfolio (USD)" and "AllianceBernstein - Global High Yield Portfolio (HKD)" have been renamed as "AB FCP I - American Income Portfolio (USD)", "AB FCP I - American Income Portfolio (HKD)", "AB FCP I - Global Bond Portfolio (USD)", "AB FCP I - Global Bond Portfolio (HKD)", "AB FCP I - Global High Yield Portfolio (USD)" and "AB FCP I - Global High Yield Portfolio (HKD)" respectively.
Effective from 23 March 2016, "Fidelity Funds - South East Asia Fund (USD)" has been renamed as "Fidelity Funds - Asia Focus Fund (USD)".
Effective from 22 April 2016, "Fidelity Funds - Emerging Markets Fund (HKD)" is terminated and removed from Investment Choices.
Effective from 27 April 2016, "Fidelity Funds - Asian Special Situations Fund (HKD)" and "Fidelity Funds - US Dollar Bond Fund (HKD)" are terminated and removed from Investment Choices.
Effective from 31 May 2016, "JPMorgan Funds - Asia Pacific Income Fund (HKD)" and "JPMorgan Funds - Asia Pacific Income Fund (USD)" have been renamed as "JPM Funds - Asia Pacific Income Fund (HKD)" and "JPM Funds - Asia Pacific Income Fund (USD)" respectively.
Effective from 13 April 2017, "BlackRock Global Funds - World Agriculture Fund (USD)", "BlackRock Global Funds - World Agriculture Fund (HKD)", "Templeton Asian Growth Fund (USD)", "Templeton Asian Growth Fund (HKD)", "Templeton Emerging Markets Fund (USD)" and "Templeton Emerging Markets Fund (HKD)" are closed for switch-in, however, switch-out is allowed.
Effective from 9 June 2017, "Franklin Global Growth and Value Fund (USD)" is terminated and removed from Investment Choices.
Effective from 1 March 2018, the English name of "Schroder ISF Asian Bond Absolute Return" has been renamed as "Schroder ISF Asian Bond Total Return" while its Chinese name remains unchanged.
Effective from 1 August 2018, "Franklin U.S. Equity Fund (HKD)" and "Franklin U.S. Equity Fund (USD)" have been renamed as "Franklin Select U.S. Equity Fund (HKD)" and "Franklin Select U.S. Equity Fund (USD)" respectively.
Effective from 25 March 2019, "BlackRock Global Funds - World Agriculture Fund (HKD)" and "BlackRock Global Funds - World Agriculture Fund (USD)" have been renamed as "BlackRock Global Funds - Nutrition Fund (HKD)" and "BlackRock Global Funds - Nutrition Fund (USD)“ respectively.
Effective from 4 June 2019, “HSBC Global Investment Funds - Latin American Equity (HKD)” and “HSBC Global Investment Funds - Latin American Equity (USD)” are terminated and removed from Investment Choices.
Effective from 1 July 2019, "AB FCP I — Global Bond Portfolio (HKD)" and "AB FCP I — Global Bond Portfolio (USD)"have been renamed as "AB FCP I — Short Duration Bond Portfolio (HKD)" and "AB FCP I — Short Duration Bond Portfolio (USD)" respectively.
Effective from 2 October 2019, “Allianz Hong Kong Equity (HKD)”, “Allianz Hong Kong Equity (USD)” and “Allianz Income and Growth (USD)” are closed for switch-in, however, switch-out is allowed.
Effective from 10 February 2020, "BGF - Global Enhanced Equity Yield Fund (USD DistC)", "BGF - Global Enhanced Equity Yield Fund (HKD DistC)" and "BlackRock Global Funds - Global Enhanced Equity Yield Fund (USD)" have been renamed as "BGF - Systematic Global Equity High Income Fund (USD DistC)", "BGF - Systematic Global Equity High Income Fund (HKD DistC)" and "BlackRock Global Funds - Systematic Global Equity High Income Fund (USD)" respectively.
Effective from 15 December 2020, "BlackRock Global Funds - Emerging Markets Local Currency Bond Fund (HKD)", "BlackRock Global Funds - Emerging Markets Local Currency Bond Fund (USD)", "Invesco Asia Asset Allocation Fund (HKD)“ and "Invesco Asia Asset Allocation Fund (USD)" are closed for switch-in, however, switch-out is allowed.
Effective from 24 February 2021, "Fidelity Funds – Asia Focus Fund (USD)" has been renamed as "Fidelity Funds – Sustainable Asia Equity Fund (USD)".
Effective from 26 April 2021,"Templeton Global Bond Fund (USD)","Templeton Global Bond Fund (HKD)","Templeton Asian Bond Fund (USD)","Templeton Emerging Markets Bond Fund (USD)","Templeton Emerging Markets Bond Fund (HKD)","Templeton Global Total Return Fund (USD)" and "Templeton Global Total Return Fund (HKD)"are closed for switch-in, however, switch-out is allowed.
Effective from 15 July 2021, HSBC Asian High Yield Bond Fund (HKD) and HSBC Asian High Yield Bond Fund (USD) are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
Effective from 1 March 2022, HSBC GIF - Russia Equity (USD) and HSBC GIF - Russia Equity (HKD) are closed for subscription including switch-in and premium allocation. Requests for switch-out and redemption can still be made but they can only be processed as soon as practicable upon resumption of dealings.
Effective from 30 March 2022, the Chinese name of “Schroder ISF–Global Emerging Market Opportunities (USD)” and “Schroder ISF–Global Emerging Market Opportunities (HKD)” had been renamed, while their English names remain unchanged.
Effective from 29 April 2022, “Invesco Global High Income Fund (USD)” and “Invesco Global High Income Fund (HKD)” have been renamed as “Invesco Sustainable Global High Income Fund (USD)” and “Invesco Sustainable Global High Income Fund (HKD)” respectively.
Effective from 28 June 2022, “AB FCP I - Short Duration Bond Portfolio (USD)” and “AB FCP I - Short Duration Bond Portfolio (HKD)” are closed for switch-in and premium allocation, however, switch-out is allowed.
Effective from 20 March 2023, Fidelity Funds - Sustainable Asia Equity Fund (USD) is closed for subscription including switch-in and premium allocation. However, switch-out is allowed.
Effective from 20 March 2023, HSBC GIF - Global Emerging Markets Bond (USD) and HSBC GIF - Global Emerging Markets Bond (HKD) are closed for subscription including switch-in and premium allocation. However, switch-out is allowed.
Effective from 18 April 2023, “Schroder ISF BRIC (Brazil, Russia, India, China) (USD)” and “Schroder ISF BRIC (Brazil, Russia, India, China) (HKD)” have been renamed as “Schroder ISF BIC (Brazil, India, China) (USD)” and “Schroder ISF BIC (Brazil, India, China) (HKD)” respectively.
Effective from 7 September 2023, Templeton China Fund (HKD), Templeton China Fund (USD), Schroder ISF Strategic Bond (USD) are closed for subscription including switch-in and premium allocation. However, switch-out is allowed.
Effective from 9 November 2023, “BlackRock World Bond Fund (USD)” has been renamed as “BlackRock Sustainable World Bond Fund (USD)”.
Effective from 19 January 2024, BlackRock Sustainable World Bond Fund (USD) is closed for subscription including switch-in and premium allocation, however, switch-out is allowed.
Effective from 23 January 2024, Fidelity Emerging Market Debt Fund (USD) is closed for subscription including switch-in and premium allocation, however, switch-out is allowed.

For the risk rating of the above investment choices, please click here [PDF] for more information.

Important Notice: For investment linked insurance plans, click here [PDF] for the most updated risk rating changes of the investment choices.

(Risk rating is for your reference only)

Notes:

The investment choices invest in their respective designated underlying funds. These investment choices are linked with their underlying funds in terms of the investment objectives, underlying asset risks and performances. The investment choices will be divided into units, the price of which will be determined by the underlying fund's net asset value including its investment returns and net of its charges on that transaction date. The investment return includes interest, dividends and realised or unrealised capital and currency gains and losses. Performance statistics are based on unit prices of the underlying funds in their respective currency, calculated on a unit-price-to-unit-price basis.
Your investments are subject to the credit risk of the Company. You are not investing in the underlying funds and you do not have any rights or ownership over these underlying funds. Early surrender or withdrawal of the plan may result in a significant loss of your principal and bonuses awarded (if any).
All data on unit prices are supplied by the Company. All data on launch date and cumulative performance of the underlying funds corresponding to the relevant investment choices are supplied by Morningstar Asia Limited ("Morningstar"). The launch date provided by Morningstar refers to the underlying fund class inception date.
All unit prices of the investment choices quoted are calculated as at the latest valuation date and are for indication only.
Effective from 23 January 2024, Fidelity Emerging Market Debt Fund (USD) and Fidelity Emerging Market Debt Fund (USD DistC) are closed for subscription including switch-in and premium allocation, however, switch-out is allowed.

For the risk rating of the above investment choices, please click here [PDF] for more information.

Important Notice: For investment linked insurance plans, click here [PDF] for the most updated risk rating changes of the investment choices.
(Risk rating is for your reference only)