FundMax

Investment management to maximise your returns

Introduction

HSBC's FundMax is an innovative new platform for unit trusts that allows you to invest in a timely manner with one low, single-account fee for unlimited investment transactions.

Benefits and Features

FundMax. One account, one low monthly fee, many investment benefits.
HSBC's FundMax is an innovative new platform for unit trusts that allows you to invest in a timely manner with one low, single-account fee for unlimited investment transactions.

All-in-one monthly fee, as low as 1% p.a.
One account fee based on the monthly average market value of the fund holdings in your FundMax account; no upfront subscription fees or switching charges.
Portfolio re-balancing made easy
Manage and optimise the return potential of your investment portfolio, without facing any upfront transaction costs.
Full suite of comprehensive investment tools
Access to comprehensive wealth management services and tools for informed fund selection and investment decisions. These include:
- Proprietary global market research delivered as an e-newsletter.
- Best-of-breed fund choices identified by your Senior Personal Wealth Manager using HSBC's 'HSBC Worldwide Funds Service' methodology.
- Portfolio building service where your Senior Personal Wealth Manager and a team of portfolio building consultants help you shape a customised investment portfolio based on your financial goals and risk profile.
- Fund Express assists you to identify suitable funds and make fund selection easier and quicker. Find out more

Fees and charges

FundMax Account Fee Structure

FundMax Premier Account
Funds under management	Fee
S$50,000 - less than S$200,000	2.50% p.a.
S$200,000 - less than S$500,000	2.00% p.a.
S$500,000 - less than S$1 million	1.50% p.a.
More than S$1 million	1.00% p.a.

Minimum charging balance for HSBC Premier customers is S$50,000.

FundMax Advance Account
Funds under management	Fee
S$10,000 - less than S$50,000	3.00% p.a.
S$50,000 - less than S$200,000	2.75% p.a.
More than S$200,000	2.50% p.a.

Minimum charging balance for HSBC Advance customers is S$10,000.

How is the FundMax account fee calculated?

Monthly account fee = Average holding balance of relevant funds x Account fee % x No. of calendar days in the charging period __________________ No. of calendar days for the full year	Example: Mr Chan, an HSBC Premier customer, maintains a FundMax account with fund holdings during April 2011. The monthly account fee for April 2011 is calculated as follows:
	Charging Period	1 30 April 2011 (30 days; 365 days in the full year)
	Average holding balance of funds for April 2011	S$600,000
	Account fee for April 2011 = S$600,000 x 1.5% x 30/365 = S$739.73
Details of the account fee collected will be provided in the monthly account statement.	The account fee will be collected from the designated cash account on the last business day of the month.

Other service charges

Other service charges that may apply

Service	Rate
Minimum charging balance	Minimum balance to be used for monthly account fee calculation when the actual average balance falls below the threshold of S$50,000 for HSBC Premier customers and S$10,000 for HSBC Advance customers.
Administration fee for account closure	Upon closure, any accrued monthly account fee not yet charged will be collected from the designated cash account. If the date of the FundMax account closure is less than one year from the date of account opening, an administrative fee of S$120 (plus prevailing GST) will be collected from your designated cash account.
Transfer fee	For transfer-out of funds from the FundMax account, 1% of the prevailing market value of the funds which are subject to the transfer is chargeable.

Other points to note:

Monthly account fee will be debited on the last business day of the month from the cash account you specified.
Unit trust is a medium to long-term investment. The value of investments and units may go down and up, and the investor may not get back the original sum invested. Past performance is not necessarily indicative of future performance. Investors and potential investors should read the relevant prospectus, available at HSBC branches, before investing.

Act now

Call: 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.
Make an appointment with us today

Important Risk Warning

The mention of any investment product should not be construed as representing a recommendation to buy or sell that product, nor does it represent a forecast on future performance of the product. Unit Trusts are investment products and some may involve derivatives. The value of investments and units may go down and up, and the investor may not get back the original sum invested. Past performance is not necessarily indicative of future performance. In a worst case scenario, the value of the fund may be worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing). Investors and potential investors must not solely rely on the content of this material to make investment decisions and should read carefully and understand the offering documents (including the prospectus and full text of the risk factors stated therein), available at HSBC branches, before investing. Before you make any investment decision, you may wish to consult a financial adviser. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether the investment product is suitable for you.

For FundMax Premier account terms and conditions, please click here

For FundMax Advance account terms and conditions, please click here.

Next steps

Locate an ATM/Branch

Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas