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  • Introduction
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  • Transfer process
  • Considerations
  • Default Investment Strategy Intro
  Considerations
What should employees consider when they choose trustees and schemes?
Product (plan and fund)

Note whether there are sufficient fund choices and whether the choices can meet personal needs. Pay attention to, for example, the features, levels of risk, and performance of funds (past performance of funds does not reflect future performance and can serve as reference only);

Service quality

Understand the scope of services and service quality of trustee. For instance, whether the account details provided by trustee are easy to understand, whether channels for inquiries are convenient and diversified, the number of benefit statements sent to plan members each year, and the number of times plan members can change the portfolio each year.

Fees and charges

Should compare with fees and charges of funds of the same sort;

Personal conditions

Should consider personal investment goals, ability to bear risk, current life stage (years until retirement) and other personal situations before making the final decision.
Will there be any risks involved in ECA?
Should note the following risks when transferring benefits:

Unpredictable changes in market trend

MPF scheme offers a long-term investment and you should not make any transfer only because of short-term volatility of fund prices without thorough consideration. It is hard to accurately predict the changes in market trend, and therefore you should be prudent when making a transfer.

Time-lag leads to 'sell low, buy high' scenario

There is a time-lag of around 1 to 2 weeks during the transfer when accrued benefits are not invested in any fund. Fund prices may change during the time-lag due to market volatility, which may lead to a 'sell low, buy high' scenario.

No specified transaction price

Just like other ordinary funds, MPF is traded at an unknown price. As such, you cannot sell or buy fund units at a specified price. Transaction prices of funds need to be determined by the net asset values of the funds after market close on a trading day.

Not necessarily get guaranteed return of guaranteed fund

If your investment portfolio covers guaranteed funds, you should pay attention if a transfer of accrued benefits may make you fail to satisfy certain conditions for having the guaranteed returns.
Do all employees have to make a transfer?
No, this is not the case. 'Employee Choice Arrangement' aims to increase the discretionary power of employees in choosing MPF trustees and plans. Employees can decide whether to make a transfer and it is not necessary for them to do so.

In addition, transferring accrued benefits may not necessarily generate a higher investment return. Employees also have to be aware of the time-lag of around 1 to 2 weeks during the transfer of accrued benefits.
Where could I get information of different MPFs?
You can understand more about MPF through AASTOCKS website :
www.aastocks.com or MPFA website:www.mpfa.org.hk.
Investing and trading in stocks and other securities are very risky. AASTOCKS.com Limited encourages you to use the risk management and educational tools on this website. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or site visitor should not assume, that the future performance will equal past performance.
Please refer to the sponsors for further details such as the fund features and risks involved.
 
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Disclaimer
Disclaimer

The above is strictly for information purposes only and should not be considered an offer, or solicitation, to deal in any of the mentioned funds. Investment involves risk, emerging markets may have greater risk than developed markets. Subscriptions may only be made on the basis of the relevant offering documents, most recent annual financial statement and semi-annual financial statements if published thereafter. The value of investments and the income received from them (if any) may be volatile and could change substantially within a short period of time. Past performance is not a guide to future performance. The investment returns are denominated in the base currency of the fund. US dollar/ HK dollar based investors are therefore exposed to fluctuations in the US dollar/ HK dollar/ base currency exchange rate.

BEFORE MAKING AN INVESTMENT, YOU SHOULD REFER TO THE RELEVANT OFFERING DOCUMENTS AND IN PARTICULAR TO THE INVESTMENT POLICIES AND THE RISK FACTORS. YOU SHOULD ENSURE THAT YOU FULLY UNDERSTAND THE RISKS ASSOCIATED WITH THE FUND AND SHOULD ALSO CONSIDER YOUR OWN INVESTMENT OBJECTIVE AND RISK TOLERANCE LEVEL. YOU ARE REMINDED THAT YOU ARE RESPONSIBLE FOR YOUR INVESTMENT DECISION AND SHOULD NOT INVEST UNLESS THE INTERMEDIARY WHO OFFERS OR SELLS THE FUND TO YOU HAS ADVISED THAT THE FUND IS SUITABLE FOR YOU AND HAS EXPLAINED WHY, INCLUDING HOW BUYING THE FUND WOULD BE CONSISTENT WITH YOUR INVESTMENT OBJECTIVE. IF IN DOUBT, PLEASE SEEK INDEPENDENT FINANCIAL AND PROFESSIONAL ADVICE.

The information and products contained within this website are restricted to investors within Hong Kong. There are important legal and regulatory restrictions which apply to this website. These are laid out in the Disclaimer section which you are advised to read before proceeding. By proceeding, you are representing that you have understood and accepted the restrictions set out in the Disclaimer section.

Third party websites provided by hyperlinks on this website are completely beyond the control of AASTOCKS. Accordingly, AASTOCKS accepts no responsibility for the accuracy, completeness and legality of the contents of such third party website, or for any offers, services and products contained therein.