BEA Global Bond Fund

(a Sub-fund of the BEA Capital Growth Fund)

Important

The BEA Global Bond Fund (the "Fund") invests in a range of global bonds denominated in various major currencies, including but not limited to government and corporate bonds.    The Fund may invest in emerging markets which are subject to higher risk than those established markets. Emerging markets may involve additional market, currency, legal and regulatory and liquidity risks. The high volatility in such markets could result in you suffering substantial losses.   The investment decision is yours, but you should not invest in the Fund unless the intermediary who sells it to you has explained to you that the Fund is suitable for you and why, including how buying it would be consistent with your investment objective.   Investors should not make an investment decision based solely on this webpage.

The summary provided herewith is only a brief introduction of 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 BEA Global Bond Fund?

 About the Fund

 When Can a Fund Transaction Be Made?

 How Can I Track the Fund's Performance?

 How Do I Subscribe for or Redeem Fund Units?

 Fund Facts

 Monthly Fund Factsheet

 Fund Price

 Investment Manager

 Financial Statements

Investment Objective

The BEA Global Bond Fund (the "Fund") aims to provide you with total investment return over the medium to long term through investing into a diversified range of global bonds denominated in various major world currencies.

Why Invest in BEA Global Bond Fund?

	Defensive Investment in a Volatile Market
	The global economy is in the midst of prolonged economic contraction. Therefore, short-dated interest rates are expected to remain low for the time being. The Fund is favourable for investors who are seeking fixed income investment return on a global basis amidst this volatile environment.
	High Quality Investment
	The Fund is mainly composed of high quality bonds issued by governments and their agencies worldwide, with an average investment-grade rating. Investors can expect to enjoy steady growth with the help of our professional fund managers, who leverage their experience to select the right bonds for the Fund.
	Diversification of Investment
	In general, investors should diversify their investments by selecting different investment tools to mitigate the downside risk of asset value in an uncertain market environment. The Fund is therefore a good complement to asset classes such as equity and property, as there is generally no correlation between bond returns and the performance of the equity and property markets. This is because a sharp and prolonged slowdown in the global economy generally detracts from the performance of the equity and property markets, whereas bond prices normally benefit from economic recession. The Fund serves as a cost-effective way for investors to invest in a diversified portfolio of globally marketable securities denominated in major world currencies.
	Portfolio Management Expertise
	Our professional fund managers leverage over 10 years of experience to select the right investment opportunities for the Fund. In addition, they utilise the expertise of Union Asset Management Holding AG, which offers insight into the global economy as well as its extensive knowledge and experience in the area of risk and return management.

About the Fund

	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 Facts" for details on other fees and charges.
	Realisation Charge Waived for Class B Unitholders
	The Realisation Charge will be waived# for Class B Unitholders of the Fund who redeem their Units. Partial redemption can be made, provided that the Unitholder maintains a minimum holding of US$5,000.
	Switching Investment Strategy
	If Unitholders wish to change their investment strategy, it is possible to switch the Units of any Fund to Units of another Investment Fund of the same class within the BEA Capital Growth Fund on the same Dealing Day.

 

When Can a Fund Transaction Be Made?

Units of the Fund may be subscribed for or redeemed on any business day in Hong Kong, except Saturdays, Sundays, and public holidays.

The Fund price (i.e. net asset value per Unit) will be published daily in the South China Morning Post and the Hong Kong Economic Times. In addition, you can also check the fund pirce via here.

You can subscribe for or redeem units of the Fund at any BEA branch on any business day. As an added convenience, you can invest in the Fund via the Cyberfund Centre†, which can be accessed 24 hours a day through Cyberbanking.

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 consisting of over 200 seasoned investment professionals based in Hong Kong and Frankfurt. We add value through the use of an active investment process and global research resources, and provide a wide range of quality and innovative investment products.

 

Financial Statements

 2009 Interim Report

 2009 Annual Report

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 and approved by the Mandatory Provident Fund Schemes Authority in Hong Kong. However, such authorisation and approval do 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.