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 carefully selected based on stringent criteria and our members' interests in mind.
| Name of Constituent Fund | Investment Manager |
|---|---|
| Equity Funds | |
| BCT (Industry) China and Hong Kong Equity Fund | Amundi Hong Kong Limited |
| BCT (Industry) Asian Equity Fund | Amundi Hong Kong Limited |
| BCT (Industry) Global Equity Fund | Amundi Hong Kong Limited |
| Mixed Asset Funds | |
| BCT (Industry) E70 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Industry) E50 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Industry) E30 Mixed Asset Fund | Amundi Hong Kong Limited |
| BCT (Industry) Flexi Mixed Asset Fund | Allianz Global Investors Asia Pacific Limited |
| BCT (Industry) Core Accumulation Fund* | Invesco Hong Kong Limited |
| BCT (Industry) Age 65 Plus Fund* | Invesco Hong Kong Limited |
| Bond / Money Market Funds | |
| BCT (Industry) RMB Bond Fund | Invesco Hong Kong Limited |
| BCT (Industry) Global Bond Fund | Amundi Hong Kong Limited |
| BCT (Industry) MPF Conservative Fund | Invesco Hong Kong Limited |
Management Fees
| Name of Constituent Fund | Management Fees1 (% per annum of net asset value) |
|---|---|
| Equity Funds | |
| BCT (Industry) China and Hong Kong Equity Fund | Up to 1.52% |
| BCT (Industry) Asian Equity Fund | Up to 1.60% |
| BCT (Industry) Global Equity Fund | Up to 1.585% |
| Mixed Asset Funds | |
| BCT (Industry) E70 Mixed Asset Fund | Up to 1.53% |
| BCT (Industry) E50 Mixed Asset Fund | Up to 1.53% |
| BCT (Industry) E30 Mixed Asset Fund | Up to 1.53% |
| BCT (Industry) Flexi Mixed Asset Fund | up to 1.52% |
| BCT (Industry) Core Accumulation Fund* | 0.75% |
| BCT (Industry) Age 65 Plus Fund* | 0.75% |
| Bond / Money Market Funds | |
| BCT (Industry) RMB Bond Fund | 1.175% |
| BCT (Industry) Global Bond Fund | Up to 1.45% |
| BCT (Industry) MPF Conservative Fund | 0.88% |
1 “Management fees” include trustee, administration and custodian fee, sponsor fee and investment management fee paid to the trustee, administrator, custodian, sponsor and investment manager of a scheme for providing their services to the relevant fund. 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.
