 |
BEA Union Investment Global Themes Fund
(a Sub-fund of the BEA Union Investment Series)
IMPORTANT
 |
The BEA Union Investment Global Themes Fund (the "Fund") 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, including common stocks, preferred stocks, warrants and debt securities convertible into common stocks. |
| |
The Fund may invest in emerging markets, which are subject to higher liquidity and volatility risks. |
| |
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 BEA Union Investment 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
| |
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 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.
|
| |
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
|
STRENGTHS OF THE FUND
| |
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. |
|
|
|
| |
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. |
|
|
|
| |
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.
|
|
* |
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:
| |
Positive Market Environment
Including growth themes with stocks that are expected to benefit from rising markets.
|
| |
Weak Market Environment
Comprising defensive themes with stocks that are expected to deliver stable return in a volatile environment.
|
| |
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.
WHY INVEST IN THE FUND?
| |
Diversification Benefit
The Fund provides you with a cost effective means to invest in a diversified portfolio of globally marketable securities. |
|
|
|
| |
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. |
|
|
|
| |
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. |
|
|
|
| |
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 Union Investment Series on the same Dealing Day. |
|
|
|
| |
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. |
| |
|
| |
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. |
HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND?
|
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.
† To enjoy this service, customers must hold a Cyberbanking account. |
FUND FACTS
| |
Class A Unit |
Class B Unit |
| Fund Inception Date |
19th March, 2007 |
| Fund Base Currency |
US Dollar |
| Minimum Initial Investment Amount |
|
| Minimum Additional Investment Amount |
|
| Minimum Holding Amount |
|
| Management Fee |
1.50% p.a. |
| Trustee Fee |
0.175% p.a. |
| Preliminary Charge |
Up to 5% of the issue price |
Nil |
| Realisation Charge |
|
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 |
| 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 investment 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. |
FINANCIAL STATEMENTS
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.
|
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 |
|
|
