Our MPF Investment Schemes
We offer two different MPF schemes: BCT (MPF) Pro Choice, a master trust scheme and BCT (MPF) Industry Choice, an industry scheme to cater to different employees in Hong Kong.
Our master trust scheme is aimed towards the general working population while our industry scheme is designed for those working in the catering and construction industries. We strive to be the provider of choice, so our MPF constituent funds available under the 2 MPF schemes are managed by seven independent global investment managers which are selected based on stringent criteria and our members’ interests in mind.
| Name of Constituent Fund | Investment Manager |
|---|---|
| Equity Funds | |
| BCT (Pro) China and Hong Kong Equity Fund | Amundi Hong Kong Limited |
| BCT (Pro) Asian Equity Fund | Amundi Hong Kong Limited |
| BCT (Pro) European Equity Fund | Amundi Hong Kong Limited |
| BCT (Pro) Global Equity Fund | Amundi Hong Kong Limited |
| Equity Funds – Market Tracking Series | |
| BCT (Pro) Hang Seng Index Tracking Fund | Invesco Hong Kong Limited |
| BCT (Pro) U.S. Equity Fund | Amundi Hong Kong Limited |
| BCT (Pro) Greater China Equity Fund | CSOP Asset Management Limited |
| BCT (Pro) World Equity Fund | Amundi Hong Kong Limited |
| Target Date Mixed Asset Funds | |
| BCT (Pro) SaveEasy 2050 Fund | FIL Investment Management (Hong Kong) Limited |
| BCT (Pro) SaveEasy 2045 Fund | FIL Investment Management (Hong Kong) Limited |
| BCT (Pro) SaveEasy 2040 Fund | FIL Investment Management (Hong Kong) Limited |
| BCT (Pro) SaveEasy 2035 Fund | FIL Investment Management (Hong Kong) Limited |
| BCT (Pro) SaveEasy 2030 Fund | FIL Investment Management (Hong Kong) Limited |
| BCT (Pro) SaveEasy 2025 Fund | FIL Investment Management (Hong Kong) Limited |
| BCT (Pro) SaveEasy 2020 Fund (This fund will be terminated on 23 May 2025. Click here for details.) |
FIL Investment Management (Hong Kong) Limited |
| Mixed Asset Funds | |
| BCT (Pro) E90 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Pro) E70 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Pro) E50 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Pro) E30 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Pro) Flexi Mixed Asset Fund | Allianz Global Investors Asia Pacific Limited |
| BCT (Pro) Core Accumulation Fund* | Invesco Hong Kong Limited |
| BCT (Pro) Age 65 Plus Fund* | Invesco Hong Kong Limited |
| BCT (Pro) Asian Income Retirement Fund | Taikang Asset Management (Hong Kong) Company Limited |
| Bond / Money Market Funds | |
| BCT (Pro) RMB Bond Fund | Invesco Hong Kong Limited |
| BCT (Pro) Global Bond Fund | Amundi Hong Kong Limited |
| BCT (Pro) Hong Kong Dollar Bond Fund | JPMorgan Funds (Asia) Limited |
| BCT (Pro) MPF Conservative Fund | Invesco Hong Kong Limited |
Management Fees
| Name of Constituent Fund | Management Fees1 (% per annum of net asset value) |
|---|---|
| Equity Funds | |
| BCT (Pro) China and Hong Kong Equity Fund | 1.43% |
| BCT (Pro) Asian Equity Fund | 1.50% |
| BCT (Pro) European Equity Fund | 1.50% |
| BCT (Pro) Global Equity Fund | 1.44% |
| Equity Funds – Market Tracking Series | |
| BCT (Pro) Hang Seng Index Tracking Fund | 0.73% - 0.79%2 |
| BCT (Pro) U.S. Equity Fund | up to 0.99% |
| BCT (Pro) Greater China Equity Fund | up to 0.99% |
| BCT (Pro) World Equity Fund | up to 0.99% |
| Target Date Mixed Asset Funds | |
| BCT (Pro) SaveEasy 2050 Fund | up to 1.45%3 |
| BCT (Pro) SaveEasy 2045 Fund | up to 1.45%3 |
| BCT (Pro) SaveEasy 2040 Fund | up to 1.45%3 |
| BCT (Pro) SaveEasy 2035 Fund | up to 1.45%3 |
| BCT (Pro) SaveEasy 2030 Fund | up to 1.20%3 |
| BCT (Pro) SaveEasy 2025 Fund | up to 1.20%3 |
| BCT (Pro) SaveEasy 2020 Fund (This fund will be terminated on 23 May 2025. Click here for details.) |
up to 1.20%3 |
| Mixed Asset Funds | |
| BCT (Pro) E90 Mixed Asset Fund | 1.44% |
| BCT (Pro) E70 Mixed Asset Fund | 1.44% |
| BCT (Pro) E50 Mixed Asset Fund | 1.44% |
| BCT (Pro) E30 Mixed Asset Fund | 1.44% |
| BCT (Pro) Flexi Mixed Asset Fund | Up to 1.32% |
| BCT (Pro) Core Accumulation Fund* | 0.75% |
| BCT (Pro) Age 65 Plus Fund* | 0.75% |
| BCT (Pro) Asian Income Retirement Fund#^ | Up to 1.288% |
| Bond / Money Market Funds | |
| BCT (Pro) RMB Bond Fund | 1.175% |
| BCT (Pro) Global Bond Fund | 1.40% |
| BCT (Pro) Hong Kong Dollar Bond Fund | 0.9995% |
| BCT (Pro) MPF Conservative Fund | 0.88% |
* DIS Funds
1 "Management fees" include trustee, custodian, administrator, investment manager and sponsor of a scheme for providing their services to the relevant funds. They are usually charged as a percentage of the net asset value of a fund. In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the Mandatory Provident Fund Schemes Ordinance) be charged as a percentage of the net asset value of the DIS Fund. These management fees are also subject to a statutory daily limit equivalent to 0.75% per annum of the net asset value of the DIS Fund which applies across both the DIS Fund and its underlying funds.
2 A fixed investment management fee of up to HK$75,000 per month is charged and paid out of the assets of the BCT (Pro) Hang Seng Index Tracking Fund. The fee is payable on a monthly basis and accrues daily pro-rata to the number of days in a month. The fee is payable to Invesco as the investment manager of the BCT (Pro) Hang Seng Index Tracking Fund for its investment management services including, but not limited to, investing all member and employer contributions to the BCT (Pro) Hang Seng Index Tracking Fund according to the applicable investment guidelines, and the acquisition and disposal of units in the underlying ITCIS.
3 The fee shall be reduced to 1.20% five years prior to reaching the beginning (i.e. 1 January) of the applicable target year.
