Monthly Investment Plan
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Monthly Investment Plans for Funds
A Wide Selection of Funds to Meet Your Investment Needs
You can choose to invest in any funds in the Hang Seng Investment Series1, selected HSBC Funds2 and sector equity funds (natural resources, gold and precious metal) managed by reputable fund houses distributed by the Bank, enabling you to diversify your investment across global and/or local equities, bonds and blend funds1, please refer to the fund list (Appendix 1) for details.

Funds in Hang Seng Investment Series1

HSBC Funds2
Index Fund Series
Mainland / Hong Kong Fund Series
Fund of Funds Series
HSBC Managed Balanced Fund
HSBC Managed Growth Fund
HSBC Managed Stable Fund
Sub-funds of HSBC Global Investment Funds
Sub-funds of HSBC Investment Funds Trust

Sector equity funds (natural resources, gold and precious metal) managed by reputable fund houses
MLIIF New Energy Fund
MLIIF World Energy Fund
MLIIF World Gold Fund
MLIIF World Mining Fund
Baring Global Resources Fund
Invesco Energy Fund
JPM Global Natural Resources Fund
Low Contribution Amount to Start Your Monthly Investment Plan
By investing as little as HKD1,000 per month in the fund you've selected, you can start building your wealth.
Flexible Payment Methods
Two flexible and convenient payment methods are available for your selection:
i) Hang Seng Bank or HSBC Hong Kong Dollar account*
ii) Most of the Hang Seng Credit Cards**. This allows you to settle the monthly payment with peace of mind whilst earning Cash Dollars at the same time7. (Payment by Credit Card is only available to customers who invest in subscription fee class (class A units) under the monthly investment plan.)
Flexible and Easy Switching3
No minimum investment-holding period and redemption charge. With a switching handling fee of only 0.5%4 at e-Banking, you can switch all or part of your accumulated investment in units of one fund to another monthly investment plan fund managed by the same fund house at any time.
Promotion Discount on Subscription Fee5
During promotional period, the subscription fee for index funds and index-leveraged funds has been reduced to 2%. For all other open-end funds, the subscription fee has been reduced to 3%.
Flexible and Convenient Service Platform
You can apply to set up or amend your monthly investment plan anytime, anywhere via Hang Seng Personal e-Banking.
Monthly Investment Plan Details

Minimum Investment Amount

 HKD1,000 for each fund per month

Fund Selection6

 Any funds in the Hang Seng Investment Series1, selected HSBC Funds2 and sector equity funds (natural resources, gold and precious metal) managed by reputable fund houses and distributed by the Bank

Account Opening Method

Open an Investment Fund account through Hang Seng Personal e-Banking
Payment Method 7
1. Hang Seng Bank or HSBC Hong Kong Dollar account*
2. Most of the Hang Seng Credit Cards**(this payment method is only available to customers who invest in subscription fee class (class A units) under the monthly investment plan)

Payment Date

The 15th calendar day of each month (starts from September 2007)
(Where no clearing service is provided by the Bank in respect of the monthly contribution payment on such day,  it will be the next day on which clearing service for such payment is available)

Monthly Investment
Amount or Investment
Portfolio Adjustment

Instruction received on or before the last Business Day of the relevant month will be effective on the Payment Date for the next  month

Redemption8

Redemption proceeds will be credited to customer's account within around 10 working days after the day units in the relevant fund are redeemed.  The actual processing time will depend on individual fund's operation situation; generally it will not exceed one calendar month.

Monthly Investment Plan Termination

Instruction received on or before the last Business Day of the relevant month will be effective on the Payment Date for the next month

*If the customer wishes to choose an HSBC HKD account as the payment account, the customer has to set up the monthly investment plan in person via any Hang Seng Bank Branches.

**Except Private Label Card, Hang Seng Renminbi Credit Card, USD Visa Gold Card, JAL Hang Seng Card, alpha card, Spending Card and Hang Seng Corporate Card/Commercial Card, all Hang Seng Credit Cards are eligible for payment of the monthly investment amount.

Fee Table9

Discount for Subscription Fee
For any monthly investment plan set up from 1st October 2006 onwards, a special discount will be offered for the monthly subscription fee until 31st December 20075:
Index funds and Index-leveraged funds: net 2%
Other open-end funds: net 3%

Switching Handling Fee4

Via Hang Seng Personal e-Banking: 0.5%
Via Branch / Phone Banking: 1%

Partial or Full Redemption Fee

 Nil

Fee for Monthly Investment Amount or Investment Portfolio Readjustment

Nil

Fee for Monthly investment Plan Termination

Nil

For any enquires, please dial 2822-0228 (Select Language then press "6" & "2")
Note:
1. Only Class A units of funds are available for subscription, except the two Money Market Funds under the Hang Seng Investment Series (Hang Seng HK Dollar Money Market Fund A / Hang Seng US Dollar Money Market Fund A).
2. HSBC GIF BRIC Freestyle Fund, HSBC GIF Global Emerging Markets Equity Freestyle Fund, HSBC GIF UK Freestyle Fund, HSBC IFT MultiAlpha China Fund and HSBC Global Strategy Hedge Fund do not accept subscriptions under monthly investment plans.
3. The minimum amount of accumulated units for switching is equivalent to HKD20,000.
4. The switching handling fee is charged by the Bank in respect of switching of funds under the same fund series, customer is not required to separately pay the switching fee (if any) charged by the relevant fund. Currently, the switching fee for switching from funds under the Hang Seng Investment Series to Money Market Funds under the same series is waived. The fee waiver applies until further notice. The switching handling fee of only 0.5% for switching funds via Hang Seng Personal e-Banking is a current promotion offer of the Bank and is subject to change without prior notice. The switching handling fee is 1% if via Branch / Phone Banking.
5. The Bank reserves the right to vary or cancel such offer at any time without further notice. After the end of this offer, the subscription fee offer for all Monthly Investment Plans will be 1% off the original subscription fee for the relevant fund.
6. The Bank reserves the right to vary the Funds available for investment through a monthly investment plan at any time without further notice.
7. The Bank will convert the investment amount into the base currency of the fund subscribed at such exchange rate or rates as it may determine to be prevailing in the relevant foreign exchange market at the relevant time on the date of fund subscription. The Bank reserves the right to vary the Hang Seng Credit Cards eligible for payment under the monthly investment plan at any time without further notice. Name(s) of holder(s) of bank account / Hang Seng Credit Card to be debited must be the same as that of the relevant investment fund account; however, if the relevant investment fund account is in joint name, bank account and Hang Seng Credit Card in the sole name of one of the joint account holders can be used for debit purpose. If the Hang Seng Credit Card used is a supplementary card, the Cash Dollars earned from payment of the monthly investment amount will be credited to the principal card. If the Hang Seng Credit Card used for debit is cancelled or terminated, the customer is required to change the payment method. If (for whatever reason) the Bank cannot debit the designated Hang Seng Credit Card/bank account for the required monthly investment amount for two consecutive months, then the relevant monthly investment plan for funds will be terminated automatically.
8. The redemption proceeds for the fund will be credited to: (1) (for Integrated Account customers) the sub-account under Integrated Account with the Bank which is of a currency that is the same as the base currency of the fund, or (2) (for non-Integrated Account customers) any Hong Kong Dollar Account maintained with the Bank after the Bank has converted the redemption proceeds into Hong Kong dollars at such exchange rate or rates as it may determine to be prevailing in the relevant foreign exchange market at the relevant time.
9. The annual management fee of the relevant fund ranges from 0.5% to 1.75%. Please refer to the relevant fund's offering document for details on other fees and charges for each individual fund.

Appendix 1
Fund Name Fund
Code		 Risk
Level1		 Investment Market Sector Fund Type CCY
Index Fund Series
HANG SENG PACIFIC INDEX FUND (Class A) (MIP) 42360 4 Asia ex-Japan Equity Aggregate Equity USD
HANG SENG CHINA H-SHARE INDEX FUND (Acc A) (MIP) 43316 5 China Equity Equity HKD
HANG SENG CHINA INDEX FUND (Acc A) (MIP) 43315 5 China Equity Equity HKD
HANG SENG CONTINENTAL EUROPEAN INDEX FUND (Class A) (MIP) 42357 4 Europe ex-UK Equity Large Cap Equity USD
HANG SENG HK MIDCAP INDEX FUND (Acc A) (MIP) 43314 4 Hong Kong Equity Equity HKD
HANG SENG INDEX FUND (Class A) (MIP) 42281 4 Hong Kong Equity Equity HKD
HANG SENG JAPAN INDEX FUND (Class A) (MIP) 42359 5 Japan Large-Cap Equity Equity USD
HANG SENG UK INDEX FUND (Class A) (MIP) 42356 4 UK Large-Cap Value Equity Equity USD
HANG SENG AMERICAN INDEX FUND (Class A) (MIP) 42355 4 U.S. Large-Cap Blend Equity Equity USD
Equity/Bond Balanced Series
HANG SENG GLOBAL BALANCED FUND (Class A) (MIP) 42279 3 Dollar Aggressive Balanced Balanced USD
HANG SENG GLOBAL CONSERVATIVE FUND (Class A) (MIP) 42278 3 Dollar Moderate Balanced Balanced USD
HSBC MANAGED BALANCED FUND (Class A) (MIP) 43811 3 Dollar Aggressive Balanced Balanced HKD
HSBC MANAGED STABLE FUND (Class A) (MIP) 43813 3 Dollar Moderate Balanced Balanced HKD
Equity Fund Series
Global Equity
HANG SENG GLOBAL HIGH GROWTH FUND (Class A) (MIP) 42280 4 Global Large-Cap Blend Equity Equity USD
HSBC INVESTMENT HIGHLIGHT SERIES - HSBC GLOBAL THEMES FUND (CLASS A) (MIP) 43870 4 Global Large-Cap Blend Equity Equity USD
HSBC GIF GLOBAL EQUITY FUND (Class AD) (MIP) 43791 4 Global Large-Cap Blend Equity Equity USD
HSBC MANAGED GROWTH FUND (Class A) (MIP) 43809 4 Global Large-Cap Blend Equity Equity HKD
Asia Pacific Equity - Regional
HANG SENG PACIFIC INDEX FUND (Class A) (MIP) 42360 4 Asia-Pacific ex-Japan Equity Aggregate Equity USD
HSBC GIF ASIA EX JAPAN EQUITY FUND (Class AD) (MIP) 43807 4 Asia-Pacific ex-Japan Equity Aggregate Equity USD
HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES FUND (Class AD) (MIP) 43806 4 Asia-Pacific ex-Japan Equity Aggregate Equity USD
HSBC GIF ASIA FREESTYLE FUND (Class AD) (MIP) 43797 4 Asia-Pacific ex-Japan Equity Aggregate Equity USD
HSBC GIF ASIA PACIFIC EX JAPAN EQUITY HIGH DIVIDEND FUND (Class AD) (MIP) 43798 4 Asia-Pacific ex-Japan Equity Aggregate Equity USD
Asia Pacific Equity - Single Country
HSBC GIF THAI EQUITY FUND (Class AD) (MIP) 43784 5 Emerging Asia Single Country Equity Equity USD
HSBC GIF INDIAN EQUITY FUND (Class AD) (MIP) 43783 5 India Equity Equity USD
HSBC GIF KOREAN EQUITY FUND (Class AD) (MIP) 43800 5 Korea Equity Equity USD
HSBC GIF SINGAPORE EQUITY FUND (Class PD) (MIP) 43785 4 Singapore Equity Equity USD
Europe Equity - Regional
HANG SENG CONTINENTAL EUROPEAN INDEX FUND (Class A) (MIP) 42357 4 Europe ex-UK Equity Large Cap Equity USD
HSBC GIF EUROLAND EQUITY FUND (Class AD) (MIP) 43786 4 Eurozone Large-Cap Equity Equity EUR
HSBC GIF EUROLAND EQUITY SMALLER COMPANIES (CLASS AD)-MIP 44000 5 Eurozone Small-Cap Equity Equity EUR
HSBC GIF EUROPE EX UK EQUITY FUND (Class AD) (MIP) 43789 4 Europe ex-UK Equity Large Cap Equity EUR
HSBC GIF PAN- EUROPEAN EQUITY FUND (Class PD) (MIP) 43793 4 Europe Large-Cap Blend Equity Equity EUR
HSBC GIF PAN-EUROPEAN EQUITY HIGH DIVIDEND FUND (Class AD) (MIP) 43787 4 Europe Large-Cap Value Equity Equity EUR
Europe Equity - Single Country
HANG SENG UK INDEX FUND (Class A) (MIP) 42356 4 UK Large-Cap Value Equity Equity USD
HSBC GIF UK EQUITY FUND (Class AD) (MIP) 43794 4 UK Large-Cap Blend Equity Equity GBP
US Equity
HANG SENG AMERICAN INDEX FUND (Class A) (MIP) 42355 4 U.S. Large-Cap Blend Equity Equity USD
HSBC GIF US EQUITY FUND (Class PD) (MIP) 43799 4 U.S. Large-Cap Blend Equity Equity USD
Greater China Equity
HANG SENG CHINA B SHARE FOCUS FUND (Class A1) (MIP) 43986 5 China Equity Equity HKD
HANG SENG CHINA EQUITY FUND (Class A) (MIP) 43674 5 China Equity Equity HKD
HANG SENG CHINA H-SHARE INDEX FUND (Acc A) (MIP) 43316 5 China Equity Equity HKD
HANG SENG CHINA H-SHARE INDEX LEVERAGED 150 FUND (Class A) (MIP) 43317 5 China Equity Equity HKD
HANG SENG CHINA INDEX FUND (Acc A) (MIP) 43315 5 China Equity Equity HKD
HSBC GIF CHINESE EQUITY FUND (Class AD) (MIP) 43814 5 China Equity Equity USD
HANG SENG HK MIDCAP INDEX FUND (Acc A) (MIP) 43314 4 Hong Kong Equity Equity HKD
HANG SENG INDEX FUND (Class A) (MIP) 42281 4 Hong Kong Equity Equity HKD
HANG SENG INDEX LEVERAGED 150 FUND (Class A) (MIP) 42591 4 Hong Kong Equity Equity HKD
HSBC GIF HONG KONG EQUITY FUND (Class PD) (MIP) 43810 4 Hong Kong Equity Equity USD
Japan Equity
HANG SENG JAPAN INDEX FUND (Class A) (MIP) 42359 5 Japan Large-Cap Equity Equity USD
HSBC GIF JAPANESE EQUITY FUND (Class PD) (MIP) 43788 5 Japan Large-Cap Equity Equity USD
Sector Equity
HANG SENG CONSUMER SECTOR FLEXIPOWER FUND (Class A1) (MIP) 43937 4 Sector Equity Consumer Goods and Services Equity HKD
HANG SENG FINANCIAL SECTOR FLEXIPOWER FUND (Class A) (MIP) 43683 4 Sector Equity Financial Services Equity HKD
HANG SENG PROPERTY SECTOR FLEXIPOWER FUND ACC A (MIP) 43403 5 Sector Equity Real Estate Indirect - Asia Equity HKD
HANG SENG GLOBAL TECHNOLOGY FUND (Class A) (MIP) 42363 5 Sector Equity Technology Equity USD
Sector Equity (natural resources, gold and precious metal)
MLIIF WORLD GOLD FUND (A2) (MIP) 43861 5 Sector Equity Precious Metal Equity USD
MLIIF WORLD MINING FUND (A2) (MIP) 43862 5 Sector Equity Industrial Materials Equity USD
BARING GLOBAL RESOURCES FUND (MIP) 43856 5 Sector Equity Energy Equity USD
INVESCO ENERGY FUND (MIP) 43858 5 Sector Equity Energy Equity USD
JPM GLOBAL NATURAL RESOURCES FUND (MIP) 43857 5 Sector Equity Industrial Materials Equity EUR
MLIIF NEW ENERGY FUND (A2) (MIP) 43859 5 Sector Equity Industrial Materials Equity USD
MLIIF WORLD ENERGY FUND (A2) (MIP) 43860 5 Sector Equity Energy Equity USD
Other Emerging Market Equity
HSBC GIF GLOBAL EMERGING MARKETS EQUITY FUND (Class AD) (MIP) 43792 5 Emerging Markets Equity Equity USD
Bond Fund Series
Global Bond
HANG SENG GLOBAL BOND FUND (Acc A) (MIP) 42299 3 Dollar Global Bond Fixed Income USD
HSBC GIF GLOBAL CORE PLUS BOND (CLASS AD)(MIP) 43971 3 Dollar Global Bond Fixed Income USD
HSBC GIF US DOLLAR CORE PLUS BOND (CLASS PD)(MIP) 43973 2 Dollar Diversified Bond Fixed Income USD
Asia Bond
HSBC ASIAN BOND FUND (Class A) (MIP) 43805 3 Asia Bond Fixed Income USD
HANG SENG HONG KONG BOND FUND (Acc A) (MIP) 43318 3 Asia Bond Fixed Income HKD
High Yield Bond
HANG SENG GLOBAL HIGH YIELD BOND FUND (Acc A) (MIP) 42772 3 Dollar High Yield Bond Fixed Income USD
Emerging Markets Bond
HSBC GIF GLOBAL EMERGING MARKETS BOND FUND (Class AD) (MIP) 43795 3 Emerging Markets Bond Fixed Income USD
1The risk level ( 1 = Low, 2 = Low to Medium, 3 = Medium, 4 = Medium to High, 5 = High ) assigned to fund by Hang Seng Bank is based on the Bank's assessment of the risk level of the Investment Market Sector that the fund belongs to.
Due to different classification, a fund may be classified under different series.
Investing in Emerging Market Fund involves risk, past performance is not indicative of future performance. Not all emerging markets are regulated and may be more volatile than the developed markets. Compared with other types of funds, the investment of emerging market equity fund is less diversified and thus such type of fund may be more volatile. Currency fluctuation may also adversely affect the value of the fund’s investment. Please refer to the relevant fund’s offering documents for the fund performance.
"Hang Seng China H-Share Index Leveraged 150 Fund" and "Hang Seng Index Leveraged 150 Fund" are not index-tracking funds and do not seek to track movements in the relevant Indexes. With daily market fluctuations and possible cash inflow/outflow, it is envisaged that the performance of the Funds may deviate from 150% of the daily movement of the relevant Indexes. Investing in "Hang Seng China H-Share Index Leveraged 150 Fund" and "Hang Seng Index Leveraged 150 Fund" involves significant risks. During market downturns, investors also need to bear greater losses arising from 150% of the daily adverse movements of the relevant Indexes. Investors may lose a substantial portion or all of their investment. Investors should read in detail the risk factors set out in the relevant fund¡¦s term sheets and consider carefully whether one can afford to bear the risks of investing in the relevant fund before making any decision to invest in the relevant fund.
"Hang Seng Financial Sector FlexiPower Fund" mainly invest in the securities of companies in the financial service sector (such as banks, insurance and financial service companies), and hence, the fund is likely to be more volatile than a broad-based fund. It is more susceptible to fluctuations in value and other particular factors normally encountered in the financial service sector. Please refer to the "Risks associated with investing in companies concentrating in financial service business" under the section "Risk Factors" in the fund's term sheet.
"Hang Seng Property Sector FlexiPower Fund" is highly specialised. Investor should be aware that the fund is likely to be more volatile than a broad-based fund, such as a global or regional equity fund or cross-sectors fund. Investors should also consider risks associated with investing in companies concentrating in real estate and construction business, including their investments in the fund may be more susceptible to fluctuations in value of real estate and risks associated with real estate and construction business. Investors should note that the ¡§Hang Seng Property Sector FlexiPower Fund¡¨ is authorised under the SFC Code on Unit Trusts and Mutual Funds but not under the SFC Code on Real Estate Investment Trusts. (The authorisation from SFC does not imply official recommendation.) The "Hang Seng Property Sector FlexiPower Fund" was previously named "Hang Seng Hong Kong Property Equity Fund". It was renamed "Hang Seng Property Sector FlexiPower Fund" on 26 March 2007 to reflect its change in investment objective and policies Please refer to the relevant Fund's factsheet and term sheets for the performance of and other details of the Fund stated above.
As the "Hang Seng Consumer Sector FlexiPower Fund" invests principally in securities of companies in the consumer sector, such as industries involved in manufacture and distribution of goods and services to consumer, an investment in the Fund may be more vulnerable to price fluctuations of shares of companies in the consumer industry and other factors that particularly affect consumer industry as compared to an investment in a more broadly diversified fund. Please refer to the "Risks associated with investing in companies concentrating in consumer industry business" under the section "Risk Factors" in the Fund's Term Sheet.
"Hang Seng China B-Share Focus Fund" is highly specialized and is more susceptible to fluctuations in value resulting from adverse conditions encountered by companies which engage in China-related businesses. Furthermore, investing in emerging markets such as the PRC involves special considerations and risks. For details, please refer to the "General risks of investments associated with the PRC" and “Taxation in the PRC” under the section "Risk Factors" in the Fund's term sheet.
"HSBC GLOBAL THEMES FUND" is a fund-of-funds. Investors of the Fund need to bear the underlying funds' fees and expenses indirectly on top of the Fund's own fees and expenses. Please refer to the offering document for risks factors and further information.
Price of "HSBC GIF Euroland and Equity Smaller Companies Fund" may have a high volatility due to investment in financial derivative instruments and may involve a greater degree of risk than in the case with conventional securities.
JPM means JF share class of JPMorgan Funds.
Transactions in derivatives, warrants and forward contracts and other fund derivatives instruments may be used for the purpose of meeting the investment objective of the "Baring Global Resources Fund". The Net Asset Value of the Fund may have a high volatility due to these instruments and techniques being included in its scheme property and may involve a greater degree of risk than is the case with conventional securities. An investment in the Fund should be regarded as long-term in nature and only suitable for investors who understand the risks involved. Investment in the Fund should not constitute a substantial proportion of an investment portfolio.

Investors should note that investment involves risks and past performance may not be indicative of future performance. Fund investors should refer to the relevant fund's offering document for details before making any investment decision.

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