What is this function?
During account opening, Endowus offers you the option to invest HK$10,000 of your initial deposit into the HSBC Global Money Fund Hong Kong Dollar, instead of keeping it as cash. Please note that this is entirely your choice, and not a default or required investment.
The option will appear in a pop-up as pictured below:
Why does Endowus offer this function?
This function allows you to earn immediate returns on your idle cash as soon as your account is open.
The HSBC Global Money Fund Hong Kong Dollar (HK0000465895) aims to preserve capital and provide daily liquidity, along with an investment return comparable to the normal money market rate in the base currency of the Fund.
How do I opt in or opt out?
- To opt in: Check the box and click the blue "Continue" button on the pop-up. Your HK$10,000 deposit will then be invested in the HSBC Global Money Fund.
- To opt out: Select "I'll decide later" to keep your initial deposit as cash.
Note: If you do not initially opt in during onboarding, you can still later invest in the HSBC Global Money Fund through the Fund Smart list (under HKD or USD currency options).
However, if you opt in during onboarding, you cannot self-opt out later. To opt out, please contact support.hk@endowus.com.