Who we are
Company background
HASL Asia enjoys a unique blend of Eastern and Western heritage inherited from our Mainland China and UK background
Awards and recognition
Heng An Standard Life Asia earns industry recognition for its professional services and products
What we offer
Investment-linked insurance plans
Our investment-linked insurance plan may help you capture market potential and cater for your insurance needs
CareMore
Enjoy peace of mind for you and your family with extensive health coverage
Help and support
Download hub
Access forms to switch policies, sign up for investments, change personal information
Go green
Go green, go paperless Support environmental friendliness by moving away from paper to electronic notices
Investment information
Professional investment management
Our investment-linked insurance plans offer a wide range of investment choices linked to underlying funds managed by reputable investment managers
Notice in relation to investment choices
Stay fully informed on your investments with the up-to-date notices
Our Investment Choices
Investment involves risks. Past performance is not indicative of future performance. For details of the risk factors, fees and charges of the plan, please refer to the offering documents of the relevant plan.
MoreAcademy
Hong Kong New Capital Investment Entrant Scheme
Committed to offering more with wealth-focused insurance solutions, catering to customers’ financial needs under the New CIES
Education series
Gain more understanding about your insurance with our guides, from basic principles to managing investments over the long term
Market watch
Follow trends and get the latest information about various industry sectors and behaviours
Education series
Direct fund approach vs mirror fund approach
Heng An Standard Life (Asia) offers a wide range of investment choices in the platform. All of the investment choices are using the Direct Fund approach to increase investment transparency.
Investment approach
Most issuers of the investment-linked assurance scheme provide many investment choices for their policyholders and may adopt one of the following approaches when managing their investment choices.
Direct Fund Approach or Mirror Fund Approach
Generally, the investment choices, no matter they use Direct Fund approach or Mirror Fund approach, are linked to the underlying funds managed by reputable investment managers. You will benefit from the investment expertise of investment managers to capture market opportunities. However, you should understand the two approaches and select the one that is suitable for you.
Comparison of Direct Fund Approach and Mirror Fund Approach
| Direct Fund Approach | Mirror Fund Approach | |
|---|---|---|
| Investment Objective | In line with the underlying fund | In line with the underlying fund |
| Investment Exposure | In line with the underlying fund | Similar to the underlying fund, except part of the money will be held by the insurance company in cash to facilitate the switching process |
| Fees and Charges on Investment Choice Level | In line with the underlying fund | On top of the underlying fund charges, the insurance company will apply an extra management / administration fee (around 0.5%-1%) to the investment choice |
| Unit Price | In line with the underlying fund | Different from the underlying fund |
| Investment Return | In line with the underlying fund | Different from the underlying fund |
| Information of Investment Choices |
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Impact of extra management or administration fee on investment performance
From the following example of an investment choice investing in the China equity market, you can see that the extra management fee (1%) applied to the investment choice using Mirror Fund Approach will significantly affect the investment performance. The longer the term, the greater the difference will be in terms of the cumulative return of the investment choice using one approach versus the other.
Disclaimer: This document is intended to be distributed in Hong Kong only. The above information is for reference only and should not be relied on as advice for making any investment decisions. You should seek advice from your independent financial adviser if you have any doubt. Investment involves risks. Past performance is not indicative of future performance. Please refer to the PrincipalBrochures, Fund Fact Sheets and Offering Documents of the underlying funds for further information and its relevant risk factors.
