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HSBC-Link Ethical Asia Equity Fund
Prosper with the dawn of new investment opportunities
As the global economy rebounds, the outlook for Asian markets is optimistic - buoyed by growing domestic consumption, influx of foreign investments and increasing trade flows.
Announcement: Changes to HSBC-Link Ethical Asia Equity Fund
Please note that HSBC-Link Ethical Asia Equity Fund will cease to be included under the CPF Investment Scheme (the "CPFIS") with effect from 31 December 2010. As such, HSBC-Link Ethical Asia Equity Fund will no longer be able to accept new CPF subscriptions.
If you wish to subscribe to further units or switch into the HSBC-Link Ethical Asia Equity Fund using CPFIS-Ordinary Account monies, your application form must reach us by 13 December 2010.
For more enquiries, please contact your Financial Consultant or call our Customer Service Hotline on (65) 6225 6111, Mondays to Fridays, 9 am to 5 pm.
The first Shariah compliant fund to focus on Asia Pacific
Now with HSBC-Link Ethical Asia Equity Fund you can take advantage of this region's investment opportunities in accordance with Islamic principles.
Richer in life, richer in soul
HSBC-Link Ethical Asia Equity Fund gives you peace of mind knowing the fund will only invest in companies that are screened in accordance with Islamic principles. For example, companies that deal with, or have revenues derived from prohibited business activities such as alcohol, pork-related products and entertainment industries will be excluded.
In line with international Islamic practice in equity dealing, this fund will adopt a process of 'purification' by way of deducting 5% of all profits earned through dividends. The proceeds from purification will be given to selected charitable organisations.
A professional team by your side
With global expertise and specialised knowledge of local markets, HSBC is well placed to help you reap the returns of equity investments in this region.
How do you invest
You can invest in HSBC-Link Ethical Asia Equity Fund using CPFIS-OA, Cash or SRS.
Liquidity for your investment
Your money is not tied to any fixed term when you invest in this fund through our investment-linked policy. You can choose to withdraw your investment at any time*.
Free fund switches
You can have unlimited switches between funds available under the investment-linked plans. This is to ensure your portfolio objective is aligned with your investment objective, which may change along the way.
Tax-free returns
Under the current Singapore tax laws, returns from the HSBC-Link Ethical Asia Equity Fund are not subjected to income tax.
Act now
For more information or for a non-obligatory financial review,
Call us on (65) 6225 6111
How it works
| Fund details | |
| Investment Objective This fund seeks to achieve long-term capital appreciation through investing in equities of Asia, excluding Japan, Australia and New Zealand, that comply with the laws and guidelines under the Islamic Shariah laws. |
|
| Launched By | HSBC Insurance (Singapore) Pte. Limited |
| Launched On | 19 April 2004 |
| Fund manager | HSBC Global Asset Management (Singapore) Limited# |
| Benchmark | Dow Jones Islamic Asia-Pacific (ex Japan, Australia and New Zealand) Index. |
| Currency Base | Singapore Dollar |
| CPF Risk Rating | Higher Risk / Narrowly Focused |
| Investment-Linked Plans Available | Takaful investment-linked plans • Takaful Asset Manager II - Single Contribution Plan • Takaful Warisan - Regular Contribution Plan (Protection) Non-takaful investment-linked plans+ • Growth Cultivator • Growth Manager • Life Manager Plus • Asset Manager II |
| Minimum Regular Contribution | S$50 Cash |
| Minimum Single Contribution | S$9,000 CPFIS-OA, Cash or SRS |
| Minimum Top Up (subsequent) | $500 per top-up |
| Fund Valuation | Daily (except weekends and public holidays) |
| Prices Published In | • The Straits Times • The Business Times • Berita Harian • Latest Fund Prices |
| Unit Allocation / Surrender Pricing Basis | "Next Determined" Unit Price |
| Fund Switch | Unlimited free switches between funds available under the investment-linked plans. |
| Charges (Wakalah fees) | |
| Bid / Offer Spread^ | 5% |
| Management Fee (p.a) | 1.5% |
Note:
* Full or partial withdrawal can be made provided there is enough cash value in your investment-linked policy plan at the time of surrender. Your surrender value will be based on the next determined bid price of the fund. An early termination of the policy will usually involve high costs and the surrender value payable may be less than total contribution paid.
# HSBC Global Asset Management (Singapore) Limited is formerly known as HSBC Investment (Singapore) Ltd.
+ Please note that only the HSBC-Link Ethical series of investment-linked funds are fully Shariah compliant. If you invest in the HSBC-Link Ethical series of investment-linked funds via non-takaful basic plans, the entire contract will not be deemed a fully Shariah compliant contract as the basic plans do not adhere to Shariah requirements/guidelines.
^ For all Single Contribution (Takaful Asset Manager series) and Recurring Single Contribution (Takaful Anugerah) investment-linked insurance products, bonus units of 2.11% will be given. Net sales charge of 3% applies.
All contributions received from Takaful participants will be invested strictly in accordance with Islamic principles. The IAB has the full right to inspect or review the books and records of the Takaful business to ensure compliance with Islamic principles.
Principles of Shariah governing HSBC-Link Ethical Asia Equity Fund
For the HSBC-Link Ethical Asia Equity Fund, the protective strategy is done via a more cost effective method of dynamic asset allocation between Shariah compliant funds (or stocks) and Islamic cash instruments. The fund will continue to select only investments in shares that meet international standards of Shariah acceptance. The fund will benefit from an annual Shariah audit of compliance as well as replacement of some financial instruments with more direct investment management in line with the wider international standards on Shariah law.
Disclaimer
"Dow Jones, "Dow Jones Islamic Market Asia-Pacific Index ex Japan, Australia and New Zealand are service marks of Dow Jones & Company, Inc. Dow Jones has no relationship to the HSBC Insurance (Singapore) Pte. Limited, HSBC Asset Management (Singapore) Ltd nor HSBC Asset Management (Hong Kong) Ltd, other than the licensing of the Dow Jones Islamic Market Asia-Pacific Index ex Japan, Australia and New Zealand and its service marks for use in connection with the HSBC-Link Ethical Asia Equity Fund.
Dow Jones does not:
- Sponsor, endorse, sell or promote the HSBC-Link Ethical Asia Equity Fund.
- Recommend that any person invest in the HSBC-Link Ethical Asia Equity Fund, or any other securities.
- Have any responsibility or liability for or make any decisions about the timing, amount or pricing of HSBC-Link Ethical Asia Equity Fund.
- Have any responsibility or liability for the administration, management or marketing of the HSBC-Link Ethical Asia Equity Fund.
- Consider the needs of the HSBC-Link Ethical Asia Equity Fund, or the owners of the HSBC-Link Ethical Asia Equity Fund, in determining, composing or calculating the Dow Jones Islamic Market Asia-Pacific Index ex Japan, Australia and New Zealand or have any obligation to do so.
Dow Jones will not have any liability in connection with the HSBC-Link Ethical Asia Equity Fund. Specifically,
- Dow Jones does not make any warranty, express or implied, and Dow Jones disclaims any warranty about;
- The results to be obtained by the HSBC-Link Ethical Asia Equity Fund, the owner of the HSBC-Link Ethical Asia Equity Fund or any other person in connection with the use of the Dow Jones Islamic Market Asia-Pacific Index ex Japan, Australia and New Zealand and the data related thereto;
- The accuracy or completeness of the DJIM Asia-Pacific Index ex Japan, Australia and New Zealand and related data;
- Under no circumstances will Dow Jones be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if Dow Jones knows that they might occur.
The licensing agreement between the HSBC Insurance (Singapore) Pte. Limited, HSBC Asset Management (Singapore) Ltd nor HSBC Asset Management (Hong Kong) Ltd and Dow Jones is solely for their benefit and not for the benefit of the owners of the HSBC-Link Ethical Asia Equity Fund, or any other third parties.
Important notes
Investor should note that there is no guarantee on the capital and
returns. The actual returns depend on the actual performance of the
underlying investments.
The past performance of the fund manager is not necessarily indicative
of its future performance.
Investor should read the latest fund fact sheet, fund manager's report,
fund summaries, product highlights sheets and product summary on investment-linked
plans for details before deciding to invest.
This information is subject to change.
This information is not to be regarded as an invitation or recommendation
by us to buy the fund. You should seek advice from a qualified adviser.
