BEA Union Investment Four Seasons Fund

(a Sub-fund of the BEA Union Investment Series)

IMPORTANT 

The summary provided herewith is only a brief introduction of BEA Union Investment Four Seasons 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.

	INVESTMENT OBJECTIVE
	WHY INVEST IN THE FUND?
	HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND?
	FUND FACTS
	MONTHLY FUND FACTSHEET
	FUND PRICE
	INVESTMENT MANAGER

INVESTMENT OBJECTIVE

The BEA Union Investment Four Seasons Fund (the "Fund") aims to achieve short term capital stability, and the potential for capital growth over the medium to long term through investment in a dynamically allocated portfolio of marketable equity and debt securities consisting of equity securities and equity linked securities, including common stocks, preferred stocks, warrants, equity deposits, equity linked notes, and debt securities issued by government or corporate entities.

WHY INVEST IN THE FUND?

	Dynamic Risk Solution In a highly unpredictable investment environment, investors are more risk-averse. Risk management has therefore become an integral part of our portfolio management process. Our focus is not to completely avoid risk, but to tap optimal returns by accepting specific risks. For example, the Fund will accept a 10% loss in its Net Asset Value at the end of each financial year, while our fund managers will strive to maintain the Fund's Net Asset Value at not lower than 90% by the end of each financial year1. In addition, history tells us that return forecasts may not be very useful when it comes to avoiding losses, yet a sophisticated and tested risk management concept is. Our experts will continuously monitor the risk of the portfolio in order to minimise potential loss in challenging times and capture potential long-term returns in good times.
	1Investors should note that the Fund is not a guaranteed fund and there is no assurance that the investment objective of the Fund will be achieved, and there is no guarantee that the strategy will achieve its desired results or operate to limit losses.
	Flexible Asset Allocation  The risk level of different asset classes varies over time. Our fund managers follow a proprietary process to tilt the portfolio towards equity and fixed income and have discretion to invest up to 100% in either asset under exceptional circumstances, while the Fund is kept within controlled risk guidelines.
	Diversification Benefit  In general, investors should diversify their risks by investing in different markets rather than in a single market, and by investing in different investment tools to mitigate the downside risk to asset value, rather than in a single asset class. The Fund serves as a cost-effective way for investors to invest in a diversified portfolio with a global perspective, but at the same time capture the benefits of the fast growing Asian region. In addition, it serves as a standalone multi-asset investment tool.
	Potential Growth of the Asian Market  Asia has established a commanding presence in world economics and this is anticipated to increase over the coming decades. With the region accounting for half of the world's population and regional GDP growth projected to remain positive, it is difficult to ignore the immense investment opportunity that Asia presents.
	Our Portfolio Management Expertise Researching asset classes is time consuming and requires considerable resources and expertise. Outsourcing the investment decision to a dedicated expert frees up investors to focus on other priorities and endeavours. Investors can expect to enjoy long-term capital growth with the help of our professional fund managers. In addition, they utilise the expertise of the Fund's Investment Advisor, Union Investment Institutional GmbH, which shares its insight into the global economy as well as its extensive knowledge and experience in the area of risk and return management.

HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND?

FUND FACTS

*	(i)	Inclusive of the Preliminary Charge
	(ii)	The Manager may at his/her discretion agree to accept applications for investments of smaller amounts.

#	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.

INVESTMENT MANAGER

BEA Union Investment Management Limited ("BEA Union Investment") is the asset management joint venture between The Bank of East Asia ("BEA") and Union Asset Management Holding AG ("Union Investment"). BEA Union Investment is the sole asset investment centre for both BEA and Union Investment in Asia, with a combined investment team of over 200 seasoned investment professionals based in Hong Kong and Frankfurt. The firm adds value through the use of an active investment process and global research resources, and provides customers with a wide range of high quality and innovative investment products.

NOTES AND WARNING STATEMENT TO INVESTORS

	Investments in the Fund are subject to investment risks, including the possible loss of the principal amount invested. For full details and risk factors of the Fund, 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.
	The information contained herein is only a brief introduction to the Fund. It does not constitute an offer, recommendation, or solicitation to buy or sell any securities or financial instruments.
	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.
	Performance figures of the Fund are for illustrative purposes only and are not indicative of the actual return likely to be achieved.
	The Fund has been authorised by the Securities and Futures Commission in Hong Kong. However, such authorisation does not imply official recommendation of the Fund.
	This webpage has not been reviewed by the Securities and Futures Commission in Hong Kong.

Issuer: BEA Union Investment Management Limited.