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BEA Global Themes Fund
(a Sub-Fund of Bank of East Asia Investment Series)
Fund Features highlight
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To create an All-season Portfolio with different themes for strong performance in all market sentiments
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Global diversification can help to mitigate region-specific risks of downturn
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Benchmark-liberated design investment approach
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Cycle-independent style
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Investors should be aware that the price of units may go down as well as up as the investments of the Fund are subject to market fluctuations and to the risks inherent in all investments. Past performance of the Fund is not indicative of future performance.
The summary provided herewith is only a brief introduction of BEA Global Themes Fund (the "Fund"). You have to refer to and carefully read the Explanatory Memorandum of the 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 Fund can be obtained at your nearest Bank of East Asia Branch.
FUND DESCRIPTION
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Trends in Global Themes Are What Count
The world is changing faster than ever. Given the increasingly integrated global market environment and pressure for globalisation, we at BEA regard the business area in which a company operates to be more crucial than its physical location. Based on this view, it is also our belief that investment portfolios should not be confined to any particular region, as investment opportunities emerge every day in different locations around the world. Our belief is substantiated by the following rationale:
 Global diversification can help to mitigate region-specific risks of downturn, since economies and currencies of individual countries develop independently of one another.
The dynamic global economic environment may open up new, innovative investment concepts for investors to access best-performing markets.
A broader spectrum of investments allows investors to look beyond the limited scope of a regional focus and reveals an abundance of global investment opportunities.
In view of this, we believe that it is more important to analyse individual companies than countries or regions to identify the potentially lucrative investment opportunities. Based on this philosophy, BEA has launched its innovative investment fund, the BEA Global Themes Fund (the "Fund").
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Fund Investment Strategies
To create an All-season Portfolio with different categories of themes for strong performance in all market sentiments
To cast a global net and seek best-in-class companies with potential long-term capital growth, regardless of domicile
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STRENGTHS OF THE FUND
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A Benchmark-Liberated Design
The logistics for formulating asset allocation is based on a top-down thematic framework and a bottom-up stock selection process. This investment strategy is not bound by any benchmark, or forced to invest in any specific sector or region. The Fund will focus on equities of listed securities, preferred shares, and warrants that a company is expected to benefit from, and current or future political, social, or economic trends worldwide ¡V all of which give the Fund enhanced flexibility to explore stocks with high capital growth potential. |
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Cycle-Independent Style
Regardless of the direction taken by global markets, our fund manager employs a stock-picking approach based upon the recognised trends of the Fund. In addition, the fund manager talks directly to the management team of the selected companies in order to make a more accurate assessment of stock value, and seeks best-in-class companies in developed and emerging markets. |
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Global Diversification by a Wide Range of Themes
With a highly diversified portfolio in global markets and a large pool of continuously identified thematic ideas*, the Fund offers lower price volatility due to little correlation among themes. In other words, investors can benefit from a lower risk portfolio in a volatile market.
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Fund managers may determine how many themes are monitored or incorporated entirely at their own discretion. |
HOW DOES AN ALL-SEASON PORTFOLIO WORK?
The strategy of All-season Portfolio is to allocate assets in different investments themes with a balanced investment approach, striving to outperform in all market conditions. With the investment philosophy in mind, the Fund is to be constructed from the following three categories of investment themes:
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Positive Market Environment
Including growth themes with stocks that are expected to benefit from rising markets.
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Weak Market Environment
Comprising defensive themes with stocks that are expected to deliver stable return in a volatile environment.
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Independent of the Market Environment
Including themes with price anomalies and low correlation, so that stocks can perform consistently across a complete market cycle. |
The Fund's management team shall adjust the weighting of each category of themes with its relative importance according to market trend. If the market environment is vigorous, the weighting of themes in positive market environment category shall be increased, or vice versa.
FUND INVESTMENT PROCESS
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Generate Investment Themes
The Fund's management team gathers data for analysis and defines the themes that can provide potential capital growth in the long-run.
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Theme Screening and Stock Picking
The Fund's management team creates cluster of thematic ideas for the Fund and incorporates them when they recognise high capital growth potential. The team also selects quality stocks after conducting fundamental research to valuate the investment potential of individual companies.
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Portfolio Optimisation
Based on the criteria of logic, cash-flow detectors, and sustainability, the Fund's management team optimises the portfolio by weighting each stock according to the expectations with regard to risk and potential reward.
Note: The exact composition of the portfolio may vary from that shown in diagram and is subject to the Fund managers' final decision. |
WHY INVEST IN THE FUND?
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Diversification Benefit
The Fund provides you with a cost effective means to invest in a diversified portfolio of globally marketable securities. |
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No Bid/Ask Spread for Subscription and Redemption
The net asset value per Unit of the Fund on 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 the Fund fact below for details on other fees and charges. |
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Realisation Charge for Class-A Unitholders Waived
The Realisation Charge will be waived# for Class A Unitholders of the Fund who redeem their Units. Partial redemption can be made, provided that you maintain a minimum holding of USD2,000. |
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Switching Investment Strategy
If you wish to change your investment strategy, it is possible to switch Units of any Fund class to Units of the same class of another Investment Fund within the BEA Investment Series on the same Dealing Day. |
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Daily Dealing
Units of the Fund may be subscribed for or redeemed on every business day (except Saturdays, Sundays and 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 A 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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When terminating 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?
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Simply apply for subscription or redemption of the Fund at any BEA branch on any business day. |
FUND FACTS
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Class A Unit |
Class B Unit |
| Fund Inception Date |
19 March, 2007 |
| 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. |
| Trustee Fee |
0.175% p.a. |
| Preliminary Charge |
Up to 5% of the issue price |
Nil |
| Realisation Charge |
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Up to 3% of the realisation price
- Holding period of less than 2 years: 3%
- Holding period of 2 years or more but less than 4 years: 2%
- Holding period of 4 years or more: Nil
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| Investment Manager |
BEA Union Investment Management Limited |
| Investment Advisor |
Deutsche Investment Management Americas Inc. |
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(i) |
Inclusive of the preliminary charge (for Class A Units only) |
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(ii) |
The Manager may at his/her 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 A Units of up to 0.5% of the realisation price of such Units. The Manager currently agrees to waive such realisation charge. |
FINANCIAL STATEMENTS
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For details, please visit your nearest BEA location. With over 120 branches and SupremeGold Centres, BEA operates one of the largest banking networks in Hong Kong.
Enquiry Hotline: 2211 1311 |
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Before entering into any transaction, investors should take reasonable steps to ensure that they understand the product / transaction and have made an independent assessment of the appropriateness of the transaction and are relying on their own assessment of the investment risks associated with the transaction or the Fund's suitability for their purpose, in the light of their own objectives and circumstances.
The information provided above is only a brief introduction to the Fund. For all details, interpretation of terminology in respect of the Fund and investing in emerging market risks, please refer to the Explanatory Memorandum of the Fund. Investors should also read the Explanatory Memorandum of the Fund for detailed information prior to any subscription.
Investments in the Fund are subject to investment risks, including the possible loss of principal amount invested. The price of units may go down as well as up, as the investments of the Fund are subject to market fluctuations and to the risks inherent in all investments. Past performance of the Fund is not indicative of future performance.
BEA reserves the right to amend the content of this webpage without prior notice and retains the final right of decision on any disputes.
The Fund has been authorised by the Securities and Futures Commission in Hong Kong. However, such authorization does not imply official approval or recommendation. |
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