Hong Kong Guaranteed Growth Funds
The Guaranteed Growth Funds
The Guaranteed Growth Funds (GGF) are an investment option available for the Flexible Saving Plan, Premier Account and Lifetime and Wealthmaster plans. The GGFs are designed to generate capital growth over the medium to long term (at least five years), with some stability over the short term.
When money is taken out of GGFs by investors, payouts aim to reflect the overall investment return of the fund over the term of each customer’s investment.
In some investment conditions a final bonus, called a surrender bonus dividend may be added for withdrawals or switches from the GGFs before the end of the investment term or before the plan’s maturity date.
For encashments that arise because a death claim is made or the investment term ends, a claim bonus dividend may be added to top up the value being paid out to reflect a fair share of the investment growth over the term. A claim bonus dividend may also be applied to pre-specified withdrawals from the GGFs.
The tables below list details of each of the Guaranteed Growth Funds that are still in force. If you are not sure which series you are invested in, please contact us.
Guaranteed Growth Fund Series 2
| Products | Lifetime & Wealthmaster Plans (Regular Premium) |
|---|---|
| Min Term | 6 Years |
| Launch date | 11 December 1998 |
| Closure date | Not applicable |
| First maturity date | 11 December 2004 |
| Last maturity date | Not applicable |
Guaranteed Growth Fund Series 5.03
| Products | Lifetime & Wealthmaster Plans |
|---|---|
| Min Term | 20 Years |
| Launch date | 1 March 2000 |
| Closure date | 28 February 2001 |
| First maturity date | 1 March 2020 |
| Last maturity date | 28 February 2021 |
Guaranteed Growth Fund Series 2001
| Products | Lifetime & Wealthmaster Plans + Portfolio (Single Premium) Premier Accounts opened before 1 August 2003* |
|---|---|
| Min Term | 10 Years |
| Launch date | 1 February 2001 |
| Closure date | Not applicable |
| First maturity date | 1 February 2011 |
| Last maturity date | Not applicable |
* GGF 2001 was also a fund option available to Premier Accounts that were opened before 1 August 2003 and for investments until 10 November 2003. Premier Account increments into GGF 2001 could continue to be made into the GGF 2001 up until 10 November 2003. From 10 November 2003 all increments are made into GGF7.
Guaranteed Growth Fund Series 7
| Products | Flexible Savings Plan & Premier Account |
|---|---|
| Min Term | Flexible Savings Plan - 10 Years* (MVA Free @ Maturity) Premier Account - No minimum |
| Launch date | 1 August 2003 |
| Closure date | Not applicable |
| First maturity date | Flexible Savings Plan - 1 August 2013 |
| Last maturity date | Not applicable |
* For GGF7 investments held within the Flexible Savings Plan where the term to maturity is less than ten years at the start of the GGF7 investment, an MVA may apply when the investment is taken, even if it is held until maturity.