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BEA Asia Strategic Growth Fund
(a Sub-Fund of the BEA Capital Growth Fund)
Fund Features highlight
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Seeks long-term capital appreciation by investing in a diversified portfolio consisting listed companies whose business activities are conducted in Asia Pacific region (exclude Japan & HK) |
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Look for growth at reasonable value |
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Currency hedging may be employed to hedge against exchange rate risk |
The summary provided herewith is only a brief introduction of BEA Asia Strategic Growth Fund (the "Fund"), an Investment Fund of the BEA Capital Growth Fund (the "Umbrella Fund"). You have to refer to and carefully read the Explanatory Memorandum of the Umbrella Fund for all relevant details and interpretation of terminology before you make investment decision to subscribe for Units of the Fund. Copies of the Explanatory Memorandum of the Umbrella Fund can be obtained at your nearest Bank of East Asia Branch. FUND DESCRIPTION
WHY INVEST IN THE FUND
REGULAR CONTRIBUTIONS - MONTHLY INVESTMENT PLAN
SPECIAL OFFERS
HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND
FUND FACTS
MONTHLY FUND FACTSHEET
FUND PRICE
FINANCIAL STATEMENTS
FUND DESCRIPTION
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Objective
The Fund seeks long-term capital appreciation (in US dollar terms) by investing in a diversified portfolio consisting primarily of listed securities of companies whose principal business activities are conducted in the Asia Pacific region (excluding Japan and Hong Kong).
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Investment Style / Philosophy
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Disciplined top down country allocation process based on macro-research
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Disciplined stock selection process
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Qualitative and quantitative research drive investment decisions
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Look for growth at reasonable value; focus on fundamentals rather than market trends
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Add value through market inefficiencies
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Currency Hedging
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May be employed to hedge against exchange rate risk
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WHY INVEST IN THE FUND
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Diversification Benefit
The Fund provides a cost effective route to invest in a diversified portfolio of well-managed listed companies with operations in the fast growing Asia Pacific region.
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Managed by a Team of Experienced Investment Managers
The Manager of the Fund and its associated Investment Advisor have a professional and experienced investment team dedicated to investments in Asia with each investment professional possessing more than 15 years of investment experience in the Asia Pacific region.
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No Bid/Ask Spread for Subscription and Redemption
The net asset value per share of the Fund as at the relevant Dealing Day will be used as the issue price and realisation price of the Fund, i.e. no bid /ask spread will be involved. Please refer to Fund Facts below for details of other fees and charges involved.
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Realisation Charge for Class-B Unitholders Waived
Realisation charge will be waived# for Class B Unitholders of the Fund redeeming their Units. Partial redemption can be made subject to maintaining a minimum holding of USD2,000.
Class C Unitholders of the Fund may redeem their Units without any realisation charge after the Units concerned have been held for a period of 4 years or more. Please refer to Fund Facts below for details of the realisation charge.
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Switching Investment Strategy
If you wish to change your investment strategy, it is possible to switch the Units of any class type of the Fund to Units of the same class type of another Investment Fund within the BEA Capital Growth Fund on the same Dealing Day. Currently, the aggregate of the realisation charge and preliminary charge payable on a switch from one Investment Fund to another Investment Fund will not exceed 3% of the issue price of the new Units.
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Monthly Investment Plan Available
You can also choose to join the "Monthly Savings Plan" to make regular subscription for Units of the Fund on a monthly basis, subject to a minimum amount of HKD1,000 per month (or its equivalent in the relevant currency). Please refer to Regular Contributions below for details.
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Daily Dealing
Units of the Fund may be subscribed or redeemed on every Business Day (Monday to Friday except public holidays) in Hong Kong.
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Daily Price Quotation
Please click here for the latest Fund price (i.e. net asset value per Unit). In addition, the Fund price will also be published daily in the South China Morning Post and the Hong Kong Economic Times. |
REGULAR CONTRIBUTIONS - MONTHLY INVESTMENT PLAN
Class B Unitholders can choose to invest in the Fund through the Monthly Investment Plan:
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Minimum monthly subscription amount: HKD1,000 |
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For termination of the Investment Plan within 24 months after subscription, an early termination fee of HKD200 will be levied in the event that a Unitholder holds the Fund for less than HKD20,000 on the relevant Dealing Day |
HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND
Simply apply for subscription or redemption of the Fund at any BEA branch on any business day.
FUND FACTS
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Class B Unit |
Class C Unit |
| Fund Inception Date |
15 April, 2003 |
| Fund Base Currency |
US Dollar |
| Minimum Initial Investment Amount |
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| Minimum Additional Investment Amount |
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| Minimum Holding Amount |
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| Management Fee |
1.50% p.a. |
1.50% p.a. |
| Trustee Fee |
0.125% p.a. |
0.125% p.a. |
| Preliminary Charge |
Up to 5% of the issue price |
Nil |
| Realisation Charge |
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Up to 4% of the realisation price
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Holding period of less than 2 years: 4% |
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Holding period of 2 years or more but less than 4 years: 2% |
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Holding period of 4 years or more: Nil
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| Registrar's Fee |
0.015% - 0.05% p.a. of the net asset value |
| Investment Manager |
BEA Union Investment Management Limited |
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(i) |
Inclusive of the preliminary charge |
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(ii) |
The Manager may at its discretion agree to accept applications for investment of smaller amounts. |
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Pursuant to the Trust Deed of the Fund, the Manager is entitled to levy a realisation charge on the realisation of Class B Units of up to 0.5% of the realisation price of such Units. The Manager currently agrees to waive such realisation charge.
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For details, please visit your nearest BEA location. With over 130 branches and SupremeGold Centres, BEA operates one of the largest banking networks in Hong Kong.
Enquiry Hotline: 2211 1311 |
FINANCIAL STATEMENTS
2003 Interim Report
2003 Annual Report
2004 Interim Report
2004 Annual Report
2005 Interim Report
2005 Annual Report
2006 Interim Report
2006 Annual Report
2007 Interim Report
2007 Annual Report
Investors should be aware that the price of Units may go down as well as up as the Fund's portfolio is subject to market fluctuations and to the risks inherent in all investments. Past performance of the Fund is not indicative of future performance.
The above-mentioned information is only a brief introduction to the Fund. For all details and interpretation of terminology in respect of the Fund, please refer to the Explanatory Memorandum of the Fund.
The Fund has been authorised by the Securities and Futures Commission ("SFC") and approved by the Mandatory Provident Fund Schemes Authority ("MPFA") in Hong Kong. In granting such authorisation and approval, neither the SFC nor the MPFA implies that investment in the Fund is recommended by the SFC or the MPFA.
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