- 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.
