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HSBC-Link SGD Reserve Fund
HSBC-Link SGD Reserve Fund
The HSBC-Link SGD Reserve Fund is a parking fund designed as a vehicle for investors to place their money in times of market volatility. The main objective of this fund is to invest primarily in Singapore Dollar denominated money market instruments and debt securities to achieve a return in line with the one month Singapore Dollar Interbank Bid Rate (SIBID) whilst managing liquidity and risk to preserve capital.
The fund is suitable for people who:
Are looking to park or switch their funds during high market volatility
Free fund switches
You can have unlimited switches between funds. This is to ensure your portfolio objective is aligned with your investment objective, which may change along the way.
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*.
Capital protection upon death
In the event of death, your loved ones will receive a minimum death benefit regardless of the value of the fund. This benefit is not embedded within the fund but is provided for when you select any of our investment-linked plans.
Tax free returns
Under the current Singapore tax laws, proceeds of a personal life insurance policy are not subjected to income tax.
Act now
HSBC-Link SGD Reserve Fund can be invested using Cash or SRS. You can start from as little as S$100 cash per month or a single premium of S$5,000. You can even top-up your investment over time. Speak to our financial planner or appointed distributor to find out more about the fund.
Call us on (65) 6225 6111 for more information!
How it works
| Fund details | |
| Investment Objective To invest primarily in Singapore Dollar denominated money market instruments and debt securities to achieve a return in line with the 1 month Singapore Dollar Interbank Bid Rate (SIBID) whilst managing liquidity and risk to preserve capital. |
|
| Launched By | HSBC Insurance (Singapore) Pte. Limited |
| Launched On | 14 October 2005 |
| Fund manager | Schroder Investment Management (Singapore) Ltd |
| Benchmark | 1-Month Singapore Dollar Inter-Bank Bid Rate (SIBID) |
| Currency Base | Singapore Dollar |
| Source of Funds | Single Premium and Recurrent Single Plan: Cash, SRS Regular Premium: Cash only |
| Investment-Linked Plans Available |
• Growth Cultivator • Growth Manager • Life Manager Plus • Asset Manager II |
| Fund Valuation | Daily (except weekends and public holidays) |
| Prices Published In | • The Straits Times • The Business Times • Latest Fund Prices |
| Unit Allocation / Surrender Pricing Basis | "Next Determined" Unit Price |
| Fund Switch | Unlimited free switches between non-Takaful investment-linked policy funds. |
| Charges | |
| Bid / Offer Spread+ | 5% |
| Management Fee (p.a) | 0.25% |
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. Please note that for Growth Cultivator, surrender penalty applies to full/partial withdrawal before the second policy anniversary. An early termination of the policy will usually involve high costs and the surrender value payable may be less than total premium paid.
+ For Single Premium (Asset Manager series) and Recurring Single Premium (Accumulation Manager) investment-linked plans, bonus units of 2.11% will be given. Net sales charge of 3% applies.
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.
