BEA Union Investment Global Resources Fund

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

The summary provided herewith is only a brief introduction of BEA Union Investment Global Resources 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?

  When Can a Fund Transaction Be Made?

  How Can I Track the Fund¡¦s Performance?

  How Do I Subscribe or Redeem Fund Units?

  Fund Facts

  MONTHLY Fund FactSHEET

  Fund price

  Investment Manager

  Financial statements  

The BEA Union Investment Global Resources Fund (the "Fund") is a sector fund which invests its assets primarily in marketable global equity securities. The investment objective of the Fund is to seek long-term growth of capital through a diversified international portfolio of marketable securities, primarily equity securities and equity linked securities, including common stocks, preferred stocks, warrants, equity deposits, equity linked notes and debt securities convertible into common stocks with a business focus on mining, agriculture, forestry, extraction of energy, oil and gas, exploration, processing and distribution, commodity-related industries, recycling, and renewable energy.

Why Invest in the Fund?

	Emergence of China and India as New Super-Commodity Consumers
	Developing nations and emerging countries like China and India are rapidly industrialising. Surges in the demand for machinery and construction materials such as cement, chemicals, lumber, and metals are helping to strengthen infrastructure and propel economies forward. Demands for agricultural products are also increasing alongside rapid population growth.
	Underinvestment in Production Capacities
	Increased economic output leads to a supply shortage of basic materials and resources. As the structural expansion of an economy's supply capacity generally takes ten years to complete, the risk of supply bottlenecks increases, which in turn leads to serious shortfalls in the medium term. Rising geopolitical risks also add pressure to the transportation of resources.
	Impact of Extreme Weather on Supply
	Extreme weather conditions, natural disasters, and the rising costs of exploring non-renewable resources curb supply. Erratic weather patterns and intense phenomena such as hurricanes and monsoons impede exploration efforts and the transportation of resources, which restrict supply and elevate the costs of materials.
	The Benefit of Diversification
	In general, investors should diversify their investments in different investment tools and stocks to mitigate the downside risks to asset value in an uncertain market environment. The Fund serves as a cost-effective way for investors to invest in a diversified portfolio of globally marketable securities with a focus on raw materials and resources.
	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" below for details on other fees and charges.
	Realisation Charge Waived for Class A Unitholders
	The Realisation Charge will be waived# for Class A Unitholders of the Fund who redeem their Units. Partial redemption can be made, provided that the Unitholder maintains a minimum holding of USD2,000.
	Switching Investment Strategy
	If the Unitholder wishes to change his/her investment strategy, it is possible to switch the Units of any Fund class to Units of the same class of another Investment Fund within the BEA Union Investment Series on the same Dealing Day.

Units of the Fund may be subscribed to or redeemed on any business day in Hong Kong, except on 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 click here to check the Fund price.

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

^† To enjoy this service, customers must hold a Cyberbanking account.

Fund Facts

	Class A	Class B
Fund Inception Date	10th March, 2008
Fund Base Currency	US Dollar
Minimum Initial Investment Amount	USD2,000*
Minimum Additional Investment Amount	USD1,000*
Minimum Holding Amount	USD2,000*
Management Fee	1.5%
Trustee Fee	0.175%
Preliminary Charge	Up to 5% of the issue price	Nil
Realisation Charge	Waived#	Up to 3% of the realisation price ¡P         Holding period of less than 2 years: 3% ¡P         Holding period of 2 years or more but less than 4 years: 2% ¡P         Holding period of 4 years or more: Nil
Investment Manager	BEA Union Investment Management Limited
Investment Advisor	Union Investment Institutional GmbH

 

* (i) Inclusive of the Preliminary Charge (for Class A Units only)
  (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 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

 

	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.