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News release

June 05, 2023

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

 

Hong Kong, June 5, 2023 – Sun Life Hong Kong today announced the launch of three new MPF funds in relation to global low carbon index, US and European equitie which will provide MPF investors a wider choice of investment options. The launch of these three investment vehicles underscores Sun Life Hong Kong’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 investors are seeking to adopt a long-term investment strategy of achieving progress while maintaining stability and diversifying risks. The enriched product portfolio reflects our long-standing principles of sustainable development, responsible investing, and attention to consumer choices, enabling our MPF investors to tailor their retirement plans by allocating funds more flexibly according to their own specific investment goals and risk tolerance.”
 

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 launch an ESG-focused fund and we aim to offer even more comprehensive fund options to our MPF investors 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 investors. 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. MPF investors 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. Our investment team adopts a multi-manager approach, which allows for more flexible asset allocation adjustment. We hope more new funds will provide MPF investors more alternative investment categories to reduce the impact of single market volatility over the long haul. In addition, with the relatively shorter cyclical turnovers, the US and European markets empower investors to build a portfolio that best fits their target investment time horizon.”

 

Moreover, Sun Life Hong Kong 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.

 

 

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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