Invesco Ltd · NYSE:IVZ
Invesco — Corporate Update (September 2023)
35 slides from Invesco's corporate update, Sep 11, 2023
Slide 1: Updates to the Invesco Strategic MPF Scheme - Termination of Guaranteed Fund
Updates to the Invesco Strategic MPF Scheme - Termination of Guaranteed Fund 11 September 2023 Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 2: Important Information
Important Information •Invesco Strategic MPF Scheme (the “Master Trust”) currently offers the Default Investment Strategy and 14 Constituent Funds, comprising the following fund types: equity fund (including index-tracking fund), bond fund, money market fund, guaranteed fund and mixed asset fund. •T
Slide 3: Content
Content Important Notice Implementation Schedule, Important Dates, Default Constituent Fund One-off Arrangement for Guaranteed Fund Invesco Strategic MPF Scheme Q&A Session Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unautho
Slide 4: Important Notice
Important Notice Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 5: Important Notice
Important Notice Invesco Strategic MPF Scheme "Guaranteed Fund" will be officially terminated, effective from November 30, 2023. Please refer to the relevant notice and FAQ for further details. Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this do
Slide 6: Reasons for termination of Guaranteed Fund
Reasons for termination of Guaranteed Fund Guaranteed Fund currently invests its assets in an approved pooled investment fund ("APIF"), namely, Principal Guaranteed Umbrella Fund – Principal Long Term Guaranteed Fund ("Relevant APIF"), which is under the Principal Guaranteed Umbrella Fund policy ("P
Slide 7: Characteristics of Guaranteed Fund
Characteristics of Guaranteed Fund Guarantor: Principal Insurance Company (Hong Kong) Limited Guaranteed rate of return^: The guaranteed rate of return for contributions made on or after 1 October 2004 is 1% p.a The guarantee of capital and return is only offered if: (i) the contributions invested i
Slide 8: Guaranteed Fund: A Product of the Bygone Era
Guaranteed Fund: A Product of the Bygone Era This previously popular investment product Guaranteed funds as % of total NAV has become less favoured with evolution of the markets. In the past, MPF members used to choose guaranteed funds for the following reasons: 1. They struggled to make timely inve
Slide 9: Increasingly volatile investment environment makes it harder for guaranteed funds
Guaranteed funds aim to preserve capital/provide stable returns. However, the investment market is becoming Global HKD Global increasingly volatile... Equities Bonds Bonds In order to preserve capital and/or provide stable 2018 -8.76% 1.78% 0.15% returns, guaranteed funds generally invest in: 2019 2
Slide 10: The end of zero interest rates: money markets also offer stable, low returns
The end of zero interest rates: With interest rates normalisation, money markets can also offer opportunities for stable, low returns "Prescribed Savings Rates" determined by the MPFA Members choose guaranteed funds for: Capital preservation “without loss”/or stable, low returns. In the current rate
Slide 11: No free lunch: Guaranteed charge are relatively expensive
No free lunch: Guaranteed charge are From left to right: relatively expensive MASS MPF Scheme - Guaranteed Fund Principal Long Term Guaranteed Fund (Class I) Principal Long Term Guaranteed Fund (Class D) BEA (MPF) Long Term Guaranteed Fund Invesco Strategic MPF Scheme - Guaranteed Fund (Unit Class G
Slide 12: Implementation Schedule, Important Dates, Default Constituent Fund
Implementation Schedule, Important Dates, Default Constituent Fund Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 13: Termination of Guaranteed Fund – Schedule, Important Dates
Termination of Guaranteed Fund – Schedule, Important Dates 30 August Mid-August - 30 November 30 November MPFA completed Notice Period of Termination of the approval Guaranteed Fund Guaranteed Fund process Termination Termination of the Guaranteed Fund will take effect on 30 November 2023 Prepared f
Slide 14: Mapping arrangement after termination - Default fund arrangement
Mapping arrangement after termination of the Guaranteed Fund - Default fund arrangement Point 1 Point 2 Point 2 Point 1 Taking into consideration of the similarities in terms of the primary target investments (i.e. with diversified asset allocations), allocation to different asset classes and risk a
Slide 15: The Guaranteed Fund is switching into the Age 65 Plus Fund
The Guaranteed Fund is switching into the Age 65 Plus Fund Terminating CF – Guaranteed Fund Default CF – Age 65 Plus Fund Fund type Guaranteed fund Mixed asset fund Investment objective To provide a competitive, long term, total To achieve stable growth by investing in a rate of return, while also p
Slide 16: Key Deadlines
Key Deadlines Key dates Deadline for submitting investment mandate instructions by new Members to invest 20 November 2023 into the Terminating CF through Membership Enrolment Form submitted by way of delivery, mail or fax: Deadline for submitting instructions through a duly completed Asset Switch /
Slide 17: One-off Arrangement for Guaranteed Fund
One-off Arrangement for Guaranteed Fund Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 18: One-off Arrangement for Guaranteed Fund
One-off Arrangement for Guaranteed Fund Under the current guarantee mechanism of the Terminating CF, the Guarantor provides a guarantee of capital and a prescribed rate of return (“Guaranteed Amount”) only if a “qualifying event” occurs (for details of “qualifying conditions”, please refer to Sectio
Slide 19: Partial switching and guaranteed amount entitlement
Members should note that, if they apply for partial switching of a portion of their accrued benefits under the Terminating CF to the Transferee CF(s) between the date of this notice i.e. 30 August 2023 and the Switching Out Deadline i.e. before 4 p.m. on 24 November 2023 (both dates inclusive), or i
Slide 20: One-off Arrangement for Guaranteed Fund Q&A
One-off Arrangement for Guaranteed Fund Q: If nominal account balance (“NB”) qualifying balance (“QB”), will Members be entitled to “QB”? A: Yes, but it shall apply only to: 1. Full transfer out during the Notice Period; or 2. Full balance switching into the Default CF automatically on the Effective
Slide 21: One-off Arrangement of the Guaranteed Fund: Example (1)
One-off Arrangement of the Guaranteed Fund: Example (1) Simplified example (1): Full transfer out of the balance made by Member during the Notice Period Assumption: Member makes full switching or full transfer out or full withdrawal which takes effect on 30 August 2023. Member who makes full transfe
Slide 22: One-off Arrangement of the Guaranteed Fund: Example (2)
One-off Arrangement of the Guaranteed Fund: Example (2) Simplified example (2): Member’s balance being automatically switched into the Default CF upon the Effective Date of the Termination Assumption: Member does not make fund switching or transfer out or withdrawal of the Guaranteed Fund during the
Slide 23: One-off Arrangement of the Guaranteed Fund: Example (3)
One-off Arrangement of the Guaranteed Fund: Example (3) Simplified example (3): Partial transfer out of the balance made by Member during the Notice Period Assumption: Member switches out, transfers out or withdraws 60% of his/her accrued benefits with effect from 30 August 2023 (i.e. during the Not
Slide 24: Invesco Strategic MPF Scheme
Invesco Strategic MPF Scheme Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 25: Strategic
Strategic Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 26: Strategic
Strategic Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 27: Invesco Strategic MPF Scheme - Investment Choices
Invesco Strategic MPF Scheme - Investment Choices Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 28: Invesco Strategic MPF Scheme - Investment Choices
Invesco Strategic MPF Scheme - Investment Choices Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 29: Invesco Strategic MPF Scheme - Investment Choices
Invesco Strategic MPF Scheme - Investment Choices Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 30: Invesco Strategic MPF Scheme - Investment Choices
Invesco Strategic MPF Scheme - Investment Choices Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 31: Invesco Strategic MPF Scheme - Investment Choices
Invesco Strategic MPF Scheme - Investment Choices Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document to any unauthorised person is prohibited.
Slide 32: Invesco Strategic MPF Scheme - Investment Choices
Invesco Strategic MPF Scheme - Investment Choices ~ Invesco Global Index Tracking Fund and Invesco US Index Tracking Fund are not ESG funds in Hong Kong. ^ Risk and return profile of the constituent funds is determined by Invesco Hong Kong Limited based on the volatility, investment objectives and a
Slide 33: How does the Default Investment Strategy work for the two CFs?
How does the Default Investment Strategy (“DIS”) work for the two CFs? DIS is a ready-made investment arrangement investing in two CFs, namely the Core Accumulation Fund ("CAF") and the Age 65 Plus Fund ("A65F"). As an MPF member approaches his/her retirement age, the portfolio is automatically adju
Slide 34: Contact Us
Contact Us Invesco website: www.invesco.com/hk INVESCall Hotline /Interactive voice response systems: 2842 7878 Service center: 45/F, Jardine House, 1 Connaught Place, Central, Hong Kong Prepared for Invesco webinars only. Circulation, disclosure or dissemination of all or any part of this document
Slide 35: Disclaimer
Disclaimer All data is as of the date of this document and sourced from Invesco unless otherwise stated. Portfolio weightings and allocations are subject to change. This document is intended to be used only by the eligible persons to whom Invesco has directly provided. It is for discussion and illus