Docstoc

AIA Renames Existing MPF Scheme - American International

Document Sample
AIA Renames Existing MPF Scheme - American International Powered By Docstoc
					IMMEDIATE RELEASE



 Important Notes
 - The MPF Conservative Fund, the Capital Stable Portfolio, the RCM Capital Stable Fund and the
   Fidelity Capital Stable Fund in the AIA-JF Premium MPF Scheme (the “Scheme”) do not guarantee
   the repayment of capital under all circumstances.
 - The Guaranteed Portfolio in the Scheme invests solely in an approved pooled investment fund in the
   form of an insurance policy issued by the American International Assurance Company, Limited (the
   "Insurer"). The guarantee is also given by the Insurer. Your investments in the Guaranteed Portfolio, if
   any, are therefore subject to the credit risks of the Insurer. Please refer to Section A3, Schedule 2 and
   Appendix 2 of the Principal Brochure of the Scheme for the details of the credit risk, guarantee features
   and guarantee conditions.
 - The Guaranteed Portfolio in the Scheme is a capital guaranteed fund. Your investments are therefore
   subject to the credit risks of the guarantor, American International Assurance Company, Limited. The
   guarantee only applies when Members hold their investment until the end of a scheme year. Please refer to
   Section A3, Schedule 2 and Appendix 2 of the Principal Brochure of the Scheme for the details of the
   credit risk, guarantee features and guarantee conditions.
 - You should consider your own risk tolerance level and financial circumstances before making any
   investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is
   suitable for you (including whether it is consistent with your investment objectives), you should seek
   financial and/or professional advice and choose the fund(s) most suitable for you taking into account your
   circumstances.
 - In the event that you do not make any investment choices, your contributions made and/or benefits
   transferred into the Scheme will be invested in the Guaranteed Portfolio.
 - You should not base your investment choices on this media release alone and should refer to the Principal
   Brochure of the Scheme.
AIA Pension and Trustee Co. Ltd. and JPMorgan Funds (Asia) Limited
Joint Press Release




IMMEDIATE RELEASE


                                  AIA-JF RENAMES EXISTING MPF SCHEME


Hong Kong, 5 August 2011: AIA Pension and Trustee Co. Ltd. and J.P. Morgan Asset Management
(“JPMAM”) today jointly announced the decision to rename the AIA-JF Premium MPF Scheme
(the “Scheme”). The renaming aims to better reflect the multi-manager strategies of AIA MPF
services and is also part of JPMAM’s global corporate rebranding initiative which began in 2008.
The tentative effective date of the name change from “AIA-JF Premium MPF Scheme” to “AIA MPF
– Prime Value Choice” is 23 September 2011.


AIA 1 and JF 2 formed a strategic alliance to provide MPF services in 1999. Since 2005, the alliance
has been broadening the investment choices of its MPF schemes and started introducing additional
third party investment managers to meet the varying investment needs of its clients. The multi-
manager strategies have been a major development of the alliance’s MPF services.


Despite the name change, AIA and JF will continue their strategic alliance and will continue working
closely together to provide full MPF services to their clients. JF will also continue to be one of AIA’s
key investment managers for the Scheme. The name change will have no impact on the close working
relationship between the two companies, nor on the management of the relevant MPF funds.


Ms. Bonnie Tse, Senior Vice President and Managing Director of AIA Pension and Trustee Co. Ltd.,
explained; “Over the years, we have been striving hard to enrich our MPF platform and pursuing
multi-manager strategies. Today, our MPF platform contains twenty-one constituent funds managed
by five renowned investment managers, including JF, all with diverse investment strategies. With our
multi-manager platform, clients can diversify their investments among different investment managers
with different styles, and efficiently switch their investment choices within as little as one day
without switching schemes. In the future, our strategies will continue to enrich our fund platform
with this multi-manager approach. To better reflect our multi-manager strategies, AIA and JF have
jointly decided to rename the Scheme. These changes will not affect our arrangement with JF where
it will be business as usual.”

1
    American International Assurance Company, Limited (AIA) is the parent company of AIA Pension and Trustee Co. Ltd.
2
    JF Asset Management Limited (JF), part of J.P. Morgan Asset Management
                                                                                                                        2
AIA Pension and Trustee Co. Ltd. and JPMorgan Funds (Asia) Limited
Joint Press Release




Mr. Edwin Chan, Managing Director and Head of Institutional and Pension Business at JPMAM,
added; “This is simply an extension of the firm’s rebranding exercise which started in 2008. As part
of the global, corporate rebranding initiative, our business brand was changed from JF Asset
Management to J.P. Morgan Asset Management, bringing it into line with the rest of the firm. In
addition, J.P. Morgan’s corporate branding policy prevents the use of dual branding with any other
company other than a joint venture. I believe now is an ideal time for both parties to rename the
Scheme. Despite the name change, AIA and JF will continue to work closely together and are
committed to providing professional services that will meet our clients’ needs in the evolving MPF
market.”
                                                               – end –


For further information please contact
AIA Pension and Trustee Co. Ltd.                                         J.P. Morgan Asset Management
Benne Ng                                                                 Daniel Chui
Head of Marketing Communications                                         Head of Investor Communications
Telephone: (852) 2100 1902                                               Telephone: (852) 2800 2874
Email: benne-kp.ng@aia.com                                               Email: daniel.wc.chui@jpmorgan.com

Esther Chan                                                              Harriet Ngan
Assistant Manager, Marketing Communications                              Internal & Media Communications
Telephone: (852) 2100 1416                                               Telephone: (852) 2800 2776
Email: esther-wf.chan@aia.com                                            Email: harriet.hy.ngan@jpmorgan.com

Jointly issued by AIA Pension and Trustee Co. Ltd. and JPMorgan Funds (Asia) Limited


                                                           #         #       #




                                                                                                               3
AIA Pension and Trustee Co. Ltd. and JPMorgan Funds (Asia) Limited
Joint Press Release




Notes to Editors

About AIA Pension and Trustee Co. Ltd. and AIA Group Limited
AIA Pension and Trustee Co. Ltd. is a member of AIA Group Limited. AIA Group Limited and its subsidiaries comprise
the largest independent publicly listed pan-Asian life insurance group in the world. It has wholly-owned main operating
subsidiaries or branches in 14 markets in Asia Pacific - Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the
Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau and Brunei and a 26% joint venture
shareholding in India.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific
region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It has
total assets of US$115,782 million as of 31 May 2011.

AIA meets the savings and protection needs of individuals by offering a comprehensive suite of products and services
including retirement planning, life insurance and accident and health insurance. The Group also provides employee
benefits, credit life and pension services to corporate clients. Through an extensive network of more than 230,000 agents
and approximately 20,000 employees across Asia Pacific, AIA serves the holders of over 23 million individual policies
and over 10 million participating members of group schemes.

AIA is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code ‘1299’ with
American Depositary Receipts (Level 1) being traded on the OTC market (ticker symbol: “AAGIY”).

About J.P. Morgan Asset Management
J.P. Morgan Asset Management (“JPMAM”) is the brand name of J.P. Morgan Chase & Co’s asset management
companies, including JPMorgan Funds (Asia) Limited.

J.P. Morgan Asset Management is a global asset management leader providing world-class investment solutions to
clients. With over US$1.3 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase
& Co. as at 30 June 2011) and offices in 41 locations around the world, J.P. Morgan Asset Management offers global
coverage with a strong local market presence, and leadership positions in most asset classes.

Commitment to Hong Kong

JPMAM’s investment management business in Asia has remained headquartered in Hong Kong for more than three
decades and today has over 500 employees based in this location. JPMAM and its investment arm - JF Asset
Management - are one of the largest local investment managers in Hong Kong with over US$91 billion (30 June 2011) of
funds managed across the Asia Pacific region.

As part of a major global investment group, we are committed to providing specialist teams with the resources needed to
deliver successful products and performance to our clients. The Hong Kong-based Pacific Regional Group, together with
the local presence of the Global Portfolios Group, Global Multi Asset Group and Global Fixed Income Groups, forms the
core of JPMAM’s investment management operations. In addition to the knowledge and experience of our individual
investment professionals, the stability of the team has enabled JPMAM to develop strong relationships with local clients.



                                                                                                                          4

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:0
posted:4/29/2013
language:Unknown
pages:4
xiangpeng xiangpeng
About pengxiang