Pension services

MPF Scheme

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 whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.
  • The Sun Life First State MPF Conservative Fund provides no guarantee of repayment of capital. The fees and charges of a MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction. This fund uses method (i) and, therefore, unit prices / NAV / fund performance quoted have incorporated the impact of fees and charges.
  • In the event that you do not make any investment choices, your contributions made and/or benefit transferred into the scheme will be invested into Sun Life First State MPF Stable Income Fund.
  • You should not invest based on the information shown on this website alone and you should read the Principal Brochure carefully.

Sun Life Financial 's MPF scheme is tailored to the needs of employers, employees and self-employed persons. Bringing together first-class MPF trustee, administration and investment services, our scheme gives you convenience on MPF arrangement through our unique one-stop MPF solution.

Sun Life Rainbow MPF Scheme
Sun Life’s Rainbow MPF Scheme is a master trust mandatory provident fund scheme consisting of 15 constituent funds. In addition, we offer Fund Cruiser, a pre-determined asset allocations with an auto-rebalancing mechanism, to members who are looking for a simple investment solution.

Fund Cruiser
  • Fund Cruiser is a optional service to members. This feature adopts pre-determined asset allocations dependents upon member’s age. Through the auto-rebalancing mechanism, the risk level of the portfolio will shift from aggressive to conservative as the member’s retirement date approaches.
  • Members should note that the asset allocation table under the Fund Cruiser is a standard arrangement only and does not constitute any investment advice to individual members. The arrangement does not take into account factors other than age, which members may also need to consider, such as their investment objectives, financial needs, risk tolerance, market and economic situations.
  • More about Fund Cruiser...

Sun Life First State MPF Conservative Fund

Launch Date: 1 Dec 2000
Risk Level: Conservative

Fund Objective

  • Each MPF scheme is required by law to provide MPF conservative fund which invests like a money market like fund. The Sun Life First State MPF Conservative Fund aims to provide a regular increase in value, with minimal risk to the underlying capital. The return on this fund is likely to approximate the deposit rate paid by the major Hong Kong banks.
Major Investments

  • Money market instruments
  • Cash deposits for a term not exceeding 12 months
  • Short-term government debt securities
  • Other short-term debt securities with credit ratings in line with the guidelines established by the MPF Authority
  • 100% exposure to HK Dollars
Payment of Income

  • Income or profits derived from the investments of the Sun Life First State MPF Conservative Fund will be credited to members each month. Should the income for a particular month exceed the amount of interest earned at the MPF Authority prescribed savings rate, the amount of the excess, or a predetermined percentage of fund balance, whichever is the lesser amount, may be deducted from the fund as administrative expenses for that month.
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Sun Life First State MPF Global Bond Fund
 

Launch Date: 1 Jan 2010
Risk Level: Stable  

Fund Objective

  • The Sun Life First State MPF Global Bond Fund seeks to provide members with a total return usually in excess of that achievable from bank deposits and money market securities.

Major Investments

  • Global bonds and other debt instruments with medium term on average
  • At least 30% effective exposure to HK Dollars

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Sun Life MPF RMB and HKD Fund (The constituent fund is denominated in HKD only and not in RMB)  

Launch Date: 30 Jun 2012
Risk Level: Stable

Fund Objective

  • The Sun Life MPF RMB and HKD Fund (The constituent fund is denominated in HKD only and not in RMB) seeks to achieve long-term total returns through investments primarily in a portfolio of money market and debt instruments denominated in RMB and HKD.

Major Investments

  • By investment type:
Money market instruments 70% - 100%
Debt instruments 0% - 30%
  • By currency:
RMB denominated investments 60% - 70%
HKD denominated investments 30% - 40%

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Sun Life First State MPF Fixed Income Fund  

Launch Date: 1 Dec 2000
Risk Level: Stable  

Fund Objective  

  • The Sun Life First State MPF Fixed Income Fund seeks to provide members with an income return usually in excess of what is achievable from bank deposits and money market securities.

Major Investments  

  • Bonds and other debt instruments denominated in Hong Kong dollars and
    • issued by the Government of Hong Kong;
    • issued by the Exchange Fund of Hong Kong;
    • issued by issuers who are owned or guaranteed by the Government of Hong Kong; or
    • have a credit rating equal to or higher than the minimum level determined by the MPF Authority.
  • 100% exposure to HK Dollars

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Sun Life First State MPF Hong Kong Equity Fund

Launch Date: 1 Dec 2000
Risk Level: Aggressive

Fund Objective

  • The Sun Life First State MPF Hong Kong Equity Fund aims to provide members with relatively higher long-term capital appreciation.
Major Investments

  • 5% (0% - 10%) Hong Kong dollar money market instruments
  • 95% (90% - 100%) Hong Kong equities
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Sun Life First State MPF Stable Income Fund

Launch Date: 1 Dec 2000
Risk Level: Moderate

Fund Objective

  • The Sun Life First State MPF Stable Income Fund seeks to provide steady capital appreciation and minimal capital risk. This form of investment is suitable for those who are prepared to accept a moderate degree of risk in order to gain a higher return comparing with what is achievable from fixed income securities.
Major Investments

  • 70% (50% - 90%) fixed income / money market instruments
  • 30% (10% - 50%) equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life First State MPF Balanced Portfolio Fund

Launch Date: 1 Dec 2000
Risk Level: Growth

Fund Objective

  • The Sun Life First State MPF Balanced Portfolio Fund seeks to provide moderate and consistent capital appreciation, and a regular income stream over the medium to long term.
Major Investments

  • 50% (40% - 70%) fixed income / money market instruments
  • 50% (30% - 60%) equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life First State MPF Progressive Growth Fund

Launch Date: 1 Dec 2000
Risk Level: Growth

Fund Objective

  • The Sun Life First State MPF Progressive Growth Fund seeks to provide significant capital appreciation over the medium to longer term by focusing on equity investments.
Major Investments

  • 30% (15% -50%) fixed income / money market instruments
  • 70% (50% - 85%) equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life RCM MPF Capital Stable Fund

Launch Date: 1 March 2008
Risk Level: Moderate

Fund Objective

  • The Sun Life RCM MPF Capital Stable Fund seeks to provide capital preservation combined with steady capital appreciation over the long term.
Major Investments

  • 70% fixed-interest securities
  • 30% equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life RCM MPF Stable Growth Fund

Launch Date: 1 March 2008
Risk Level: Growth

Fund Objective

  • The Sun Life RCM MPF Stable Growth Fund seeks to provide a stable overall return over the long term.
Major Investments

  • 50% fixed-interest securities
  • 50% equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life RCM MPF Balanced Fund

Launch Date: 1 March 2008
Risk Level: Growth

Fund Objective

  • The Sun Life RCM MPF Balance Fund seeks to provide a high level of overall return over the long term.
Major Investments

  • 30% fixed-interest securities
  • 70% equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life RCM MPF Asian Equity Fund

Launch Date: 1 March 2008
Risk Level: Aggressive

Fund Objective

  • The Sun Life RCM MPF Asian Equity Fund seeks to provide long term capital growth.
Major Investments

  • Primarily in Asian equities, principally Hong Kong, Singapore, South Korea, Taiwan, Thailand and Malaysia, but not including Japan.
  • At least 30% effective exposure to HK Dollars
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Sun Life Invesco MPF Global Equities Fund

Launch Date: 1 March 2008
Risk Level: Aggressive

Fund Objective

  • The Sun Life Invesco MPF Global Equities Fund seeks to achieve long-term capital appreciation through investments in global equities.
Major Investments

  • 100% equity investments
  • At least 30% effective exposure to HK Dollars
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Sun Life Invesco MPF Hong Kong and China Equity Fund

Launch Date: 1 March 2008
Risk Level: Aggressive

Fund Objective

  • The Sun Life Invesco MPF Hong Kong and China Equity Fund seeks to achieve long-term capital appreciation through investments in Hong Kong and China-related securities.
Major Investments

  • 100% investments in a portfolio of listed Hong Kong and China-related securities, which are listed on Hong Kong or other approved stock exchanges.
  • At least 30% effective exposure to HK Dollars
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Sun Life FTSE MPF Hong Kong Index Fund

Launch Date: 10 December 2013
Risk Level: Aggressive

Fund Objective

  • The Sun Life FTSE MPF Hong Kong Index Fund seeks to provide members with investment results that, before fees and expenses, closely track the performance of the FTSE MPF Hong Kong Index.
Major Investments

  • solely in the BlackRock Hong Kong Equity Index Fund, a sub-fund of the BlackRock Premier Funds

All rights in the FTSE MPF Hong Kong Index (the “Index”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. The Sun Life FTSE MPF Hong Kong Index Fund (the "Fund") has been developed solely by Sun Life Trustee Company Limited (the “Trustee”). The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Fund and do 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 Fund. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by the Trustee.

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Funds selected for Fund Cruiser & Asset Allocation Chart

Asset Class
Constituent Fund
Cash Sun Life First State MPF Conservative Fund
Hong Kong Dollar Bond Sun Life First State MPF Fixed Income Fund
Global equity Sun Life Invesco MPF Global Equities Fund
Hong Kong Equity Sun Life First State MPF Hong Kong Equity Fund


Fund cruiser allocation chart

Note: For more details of Fund Cruiser and asset allocations of this feature, please refer to Sun Life Rainbow MPF Scheme Principal Brochure.

  • Members should note that the asset allocation table under the Fund Cruiser is a standard arrangement only and does not constitute any investment advice to individual members. The arrangement does not take into account factors other than age, which members may also need to consider, such as their investment objectives, financial needs, risk tolerance, market and economic situations.
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Investment involves risks and past performance is not indicative of future performance. Investment return may rise as well as fall due to market condition and currency movement which may affect the value of investments. The value of units may vary due to changes in exchange rates between currencies. Emerging markets may involve a higher degree of risk than in developed markets and are usually more sensitive to price movements.

Sun Life MPF RMB and HKD Fund (The constituent fund is denominated in HKD only and not in RMB) may be adversely affected by both movements in RMB exchange rates as well as subjected to foreign exchange controls and repatriation restrictions imposed by Chinese government as the Fund invests part of its assets in RMB denominated money market and debt instruments.

You are advised to read the relevant Principal Brochure and the marketing materials for further details and risk factors prior to making any investment decision.

 

Issued by Sun Life Hong Kong Limited

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News update
To enhance the transparency of MPF fund performance, Sun Life's MPF administrator, BestServe Financial Limited partners with a global leading mutual fund information provider, Lipper - a Thomson Reuters company, to launch MyMPFChoice.com - a free fund performance comparative platform. Please visit.