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The Fund invests in a diversified portfolio of fixed income securities and equity securities, money market and cash instruments and offers distribution classes which aim to deliver regular and predictable payouts (which may be paid out of capital) to address income needs in retirement
Fixed payout classes pay out a pre-determined annualized fixed percentage of their net asset value (NAV) or adjusted NAV at a pre-determined frequency. The pre-determined annualized fixed percentage does not reflect either the actual or expected income or performance of the Fund. Consequently, fixed payout classes are expected to payout capital gains and/or of capital and may do so over a prolonged or indefinite period. Paying-out of capital represents a withdrawal of investor’s initial investment and may result in an immediate reduction of the NAV per unit and a substantial erosion of an investor’s initial investment over the long term. Over the very long term an investor’s initial investment may be nearly or even completely exhausted. A positive payout does not imply a positive return
The Fund may invest in other collective investment schemes, and need to bear the underlying funds’ fees and expenses on top of the Fund’s own fees and expenses.
The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility and high risk of capital loss
The Fund’s investments may involve substantial credit, credit rating, currency, investment, volatility, liquidity, interest rate, valuation, general equity market, general debt securities, emerging markets, mainland China market, non-investment grade and unrated debt securities, sovereign debt, asset allocation strategy, tax, political, small/mid-capitalization companies related risks and risks of investing in other collective investment schemes adopting liquid alternative strategies. Investors may suffer substantial loss of their investments in the Fund
Investors should not invest solely based on this page and should read the offering documents for further fund details including risk factors
Four key worries for retirees
Please watch the following videos to learn how to address various concerns about retirement through investing.
Retirement marks the beginning of a new stage in life. It calls for an evolution in one’s approach to investing. Jessica Cheung, Portfolio Manager, Multi-Asset, articulates some core principles of post-retirement investing in this video.
Source: HSBC Asset Management, April 2025. For illustrative purpose only.
The information provided is for informational purposes only and should not be construed as a recommendation or solicitation for any investment strategy or product.
The Fund invests across a wide range of global asset classes, ensuring a balanced approach towards capital growth and risk management
Currently, the Fund maintains a 56 per cent allocation to bonds, primarily focusing on lower-risk bonds such as global government bonds and investment-grade corporate bonds1
To harness potential capital growth, the Fund currently has a 27 per cent allocation to global equities1
The diagram is for illustrative purposes only. This represents a high level summary of asset classes the Fund may invest in, and may not be the same as the actual portfolio. The actual universe and allocation may differ and are subject to change without prior notice.
1. Source: HSBC Asset Management, data as of 28 February 2025. Allocation is subject to change. Data displayed above is shown on a look-through basis. This means that the Fund may not directly hold these securities and the investment in these securities may be via other funds. Investors should always refer to the Fund’s offering documents for fund information.
The Fund aims to offer investors a monthly income stream at a fixed, annualised payout rate of 6 per cent of NAV2 (payout may be paid out of capital, see bullet #2 of the Important Information box)
This feature is designed to align with the asset conversion phase of retirement investments, helping you systematically turn your assets into a reliable source of regular income2
2. Under normal circumstances, the payout rate is pre-determined and is not subject to the Manager’s ongoing discretion. Should the Manager decide to adjust the payout rate, affected investors will receive at least one month’s prior written notification.
The payout amount may vary from month to month based on the portfolio’s performance. The amount for each payout is determined by multiplying 6 per cent with the net asset value on the relevant dealing day, and then dividing it by 12.
It is important to diversify the retirement portfolio with other tools such as savings and medical insurance, as the Fund’s capital may be depleted in the very long term.
Unlike many insurance products which may have early withdrawal restrictions, the Fund does not impose early redemption penalties and does not have a lock up period
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. Any views and opinions expressed are subject to change without notice. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. We accept no liability for any failure to meet such forecast, projection or target. This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.
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Terms and conditions
This Site is intended for financial intermediaries in Hong Kong only.
The information herein is not intended for individuals and such individuals should not rely upon it.
Important information
The Funds invest in various investments, such as equities, bonds, money market instruments, collective investment schemes and alternative investments. Each fund has a different investment objective and risk profile.
The Funds may subject to the risks of investing in emerging markets and smaller companies; and may subject to the concentration risks when the investments are concentrated in one or a small number of markets or sectors.
The Funds may invest in non-investment grade bonds, unrated bonds, contingent convertible securities, mortgage backed securities, asset backed securities and urban investment bonds issued by PRC local government financing vehicles (LGFVs) which are subject to additional risks and volatility.
The Funds may have substantial investments in securities issued by a single sovereign issuer (including but not limited to issuer with a non-investment grade credit rating) and are subject to higher concentration risk, sovereign risk and credit risk.
The Funds may gain exposure to hedge fund, absolute return strategy, private equity, real estate sector and Real Estate Investment Trust (REIT) which are subject to additional risks and volatility.
The Funds may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China's tax rules and practices.
When investing in Indian bonds, the Funds may need to comply with the licensing regulations in India and may subject to additional risks, including quota restrictions and tax risks.
The Funds may invest in other funds and need to bear the underlying funds' fees and expenses on top of the Funds' own fees and expenses.
The Funds may invest in financial derivative instruments for investment purpose which may lead to higher volatility to their net asset value.
The Funds may pay dividends out of capital or gross of expenses. Dividend is not guaranteed and may result in capital erosion and reduction in net asset value.
Because the Funds' base currency, investments and classes may be denominated in different currencies, investors may be affected adversely by exchange controls and exchange rate fluctuations. There is no guarantee that the currency hedging strategy applied to the relevant classes will achieve its desired result.
Investing in money market funds are not the same as placing funds on deposit with a bank or deposit taking company. The Funds which are money market funds have no obligation to redeem units at their offering value and such Funds are not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested in the Funds.
The Funds' investments may involve substantial credit, currency, volatility, liquidity, interest rate, tax and political risks. Investors may suffer substantial loss of their investments in the Funds.
The Funds are NOT equivalent to time deposits. Investors should not invest in the Funds solely based on the information provided herein and should read the offering document of the Fund for details.
You must read carefully the terms and conditions and disclaimers set out here (the 'Terms') and agree to be bound by these Terms prior to registering as a user of this website (the 'Site'). By selecting ACCEPT at the bottom of this page, you agree to be bound by these Terms. If you do not agree to be bound by these Terms please select the DECLINE option below.
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The Fund invests across a wide range of global asset classes, ensuring a balanced approach towards capital growth and risk management
