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Important Note

  • Sun Life Rainbow MPF Scheme is a mandatory provident fund scheme (the “Scheme”).
  • Investment involves risks and not all investment choices available under the Scheme would be suitable for everyone. There is no assurance on investment returns and your investments/accrued benefits may suffer significant loss.
  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.
  • You should not invest based on this material alone and you should read the MPF Scheme Brochure carefully for further details including risk factors.
July 28, 2023

Sun Life Hong Kong launches three MPF funds targeting low carbon index as well as US and European stock markets respectively

 

Hong Kong, July 28, 2023 – Sun Life Hong Kong Limited (“Sun Life Hong Kong” or the “Company”) announced on June 5 the launch of three new MPF funds, including Hong Kong’s first low carbon focused MPF fund1 - Sun Life MPF Global Low Carbon Index Fund, as well as Sun Life MPF US Equity Fund and Sun Life MPF European Equity Fund, which will provide MPF members a wider choice of investment options. The launch of these three investment vehicles underscores the Company’s commitment to providing a suite of MPF solutions that cater to Clients’ varying needs and preferences.

 

Rainbow Pan, General Manager, Wealth & Pensions of Sun Life Hong Kong Limited, said “Given the impact of today’s geopolitical tensions, inflation, and escalating interest rates, fluctuations in both the global economy as well as asset prices are almost impossible to avoid. Due to the difficulties of making profits from a single investment, many MPF members are seeking to adopt a long-term investment strategy of achieving progress while maintaining stability and diversifying risks. Now, with the introduction of these three new funds, we have increased the total number of constituent funds under the Sun Life Rainbow MPF Scheme to 17. This enriched product portfolio reflects our long-standing principles of sustainable development, responsible investing, and attention to consumer choices, enabling our MPF members to tailor their retirement plans by allocating funds more flexibly according to their own specific investment goals and risk tolerance.”

The three new MPF funds include:

  • Sun Life MPF Global Low Carbon Index Fund – Hong Kong’s first low carbon focused MPF fund that closely tracks the performance of the FTSE Custom MPF Developed Selected Countries ESG Low Carbon Select Hedged Index (“Underlying Index”). The Sun Life MPF Global Low Carbon Index Fund achieves this performance through investing solely in the Sun Life AM Global Low Carbon Index Fund2 (“Underlying Fund”), a sub-fund of Sun Life Asset Management Funds.
  • Sun Life MPF US Equity Fund – This fund provides members with long-term capital growth by investing primarily in equities and equity-related securities listed on US stock exchanges.
  •  Sun Life MPF European Equity Fund – This fund provides members with long-term capital growth by investing primarily in shares of companies focusing on sectors of the European economy that are listed on any stock exchange, as well as equity-related securities listed on the stock exchanges in Europe.


Stanley Ngan, Chief Executive Officer of Sun Life Asset Management (HK) Limited, said, “ESG investments have become the new industry norm, reflecting that investors’ attitudes have changed from being solely value-based in the past to identifying investment opportunities that align with their personal philosophy and values. We are honored to be the first MPF provider in Hong Kong to launch a low carbon focused MPF fund, and we aim to offer even more comprehensive fund options to our MPF members in future. As ESG indicators reveal a company’s sustainable development achievements, we hope that by investing in companies with strong ESG records, we could ultimately help businesses reduce operational carbon and fossil fuel reserves as well as improve overall ESG ratings. Being a socially responsible corporate citizen, we aspire to deliver returns that will have a positive impact on the society to our MPF members. We believe every penny we invest today will help us build a better tomorrow.”

 

Ada Kung, Chief Investment Strategist of Sun Life Asset Management (HK) Limited, said, “In recent years, the major investment trend has shifted toward diversification. In terms of market size and trading volume, the US stock market is the largest in the world and is dominated by high-growth technology and consumer discretionary (including ecommerce platforms and electric vehicles) stocks, accounting for approximately 45% of market share. For this reason, investing in US stocks allows for greater rapid growth opportunities. At the same time, European stocks across key markets, including the UK, France, Germany, Italy, etc., are relatively stable as they focus more on traditional sectors such as industrials, healthcare, utilities, and consumer staples. Our Sun Life Rainbow 

MPF scheme used to invest mainly in assets across Hong Kong, Greater China, other Asian regions, and the global markets, while the two new equity funds focus on the US and European markets respectively. Both are actively managed by our investment team that adopts a multi-manager approach, which allows for more flexible asset allocation adjustment. We hope they will provide our MPF members more alternative investment categories to reduce the impact of single market volatility over the long haul. In addition, with their relatively shorter cyclical turnovers, the US and European markets empower members to build a portfolio that best fits their target investment time horizon.”

 

Moreover, the Company will launch a series of online and offline advertisements from June to July and co-organize the “Sun Life MPF Low Carbon Weekend Market” with White Market. The event will be held at the L1 Atrium of D. Park in Tsuen Wan on July 1 - 2 and at The Space on 2/F of D2 Place One in Lai Chi Kok on July 15 - 16, with the aim of fostering a sustainable and upcycling culture to help achieve a low-carbon lifestyle together.

 

Remarks:

1.  As of, July 28, 2023, according to MPFA website (https://www.mpfa.org.hk), Sun Life MPF Global Low Carbon Index Fund is the only Low Carbon MPF fund.

2. The Sun Life AM Global Low Carbon Index Fund (Underlying Fund) has been developed solely by Sun Life Asset Management (HK) Limited. The Underlying Fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the FTSE Custom MPF Developed Selected Countries ESG Low Carbon Select Hedged Index (Underlying Index) vest in the relevant LSE Group company which owns the index. “FTSE®”, “Russell®”, “FTSE Russell®” are trademarks of the relevant LSE Group company and are used by any other LSE Group company under license.

The Underlying Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the index or (b) investment in or operation of the Underlying Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Underlying Fund or the suitability of the Underlying Index for the purposes to which it is being put by Sun Life Asset Management (HK) Limited.

 


About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2023, Sun Life had total assets under management of $1.36 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.

 

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