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(a Sub-Fund of BEA Capital Growth Fund)
FUND FEATURES HIGHLIGHT
Investors should be aware that the price of units may go up as well as down 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 Hong Kong Growth Fund (the "Fund"), a Sub-Fund of the Bank of East Asia Capital Growth Fund (the "Umbrella Fund"). You have to refer to and carefully read the Explanatory Memorandum of the Umbrella 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 Umbrella Fund can be obtained at your nearest Bank of East Asia Branch.
 FUND DESCRIPTION
WHY INVEST IN THE HONG KONG EQUITY MARKET?
WHY INVEST IN THE FUND?
REGULAR CONTRIBUTIONS - MONTHLY INVESTMENT PLAN
SPECIAL OFFERS
HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND?
FUND FACTS
MONTHLY FUND FACTSHEET
FUND PRICE
FINANCIAL STATEMENTS
FUND DESCRIPTION
As its economy continues to integrate with that of mainland China, Hong Kong has experienced robust economic growth. Firmly established as Asia's premier financial and commercial centre, Hong Kong possesses a strong economic base, which is supported by key business sectors, including finance, tourism, logistics, and telecommunications.
To help you make the most of growth opportunities available in Hong Kong, The Bank of East Asia now introduces BEA Hong Kong Growth Fund (the "Fund"). Through the Fund, you can benefit from Hong Kong's impressive prosperity by adopting a freestyle investment approach.
WHY INVEST IN HONG KONG EQUITY MARKET?
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Firm Growth in Private Comsumption Expenditure
Hong Kong's strong economic growth over the past few years has led to increase consumer confidence and a decrease in the unemployment rate. Private consumption expenditure is expected to play a major role in Hong Kong's future economic growth.
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Sustained Improvement in Hong Kong's Labour Market
Given Hong Kong's impressive economic performance in recent years, strong momentum in job creation has led to sustained growth in total employment. This has in turn led to the expansion of consumer spending, which provides an impetus for Hong Kong's continued economic growth.
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Hong Kong's Economic Integration with China
The implementation of the Closer Economic Partnership Arrangement ("CEPA") framework and the strengthening of Pan-Pearl River Delta cooperation provide opportunities for collaboration between Hong Kong and the mainland. Not only do such initiatives lay the foundation of economic partnership between Hong Kong and China, but also they invigorate Hong Kong's economic growth.
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Spillover Effect on Hong Kong's Economy
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In light of the overwhelming success of the IPOs by several Chinese banking giants, it is expected that more mainland companies will look into listing their shares in Hong Kong, providing strong growth momentum for Hong Kong's financial sector. |
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Rapid growth in China's foreign currency reserves has prompted the People's Bank of China to further ease restrictions on capital outflow to alleviate pressure on Rmb appreciation. One example is that mainland investors can now invest in Hong Kong stocks and Hong Kong Securities and Futures Commission-authorised investment funds through the Qualified Domestic Institutional Investors ("QDII") Scheme. Serving as the preferred gateway to China's capital outflow, Hong Kong is well positioned to benefit from capital investment in Hong Kong assets and equity markets by mainland China investors. |
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To fuel its rapidly growing economy, China is consuming an increasing proportion of the world's energy and natural resources for its industrial and commercial development. Consequently, investors require a commodities market to hedge against the risk of increasing prices. Hong Kong, as the financial hub of China and one of major financial centres of the world, could play a key role in this area. |
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Hong Kong's financial industry is poised to benefit from a spillover effect caused by the mainland's economic prosperity. In fact, it is expected that the financial industry will continue to be a key contributor to Hong Kong's GDP growth. | |
WHY INVEST IN THE FUND?
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Freestyle Investment Approach
The Fund adopts a growth investment strategy that involves searching for stocks with growth potential, taking into consideration an individual stock's earning quality, growth potential, and stock prices. In addition, the Fund's investment is not bound by size or sector, giving the Fund Manager more flexibility to capture potential investment returns. |
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Diversification Benefit
In general, investors should diversify their investments into different investment tools and stocks to mitigate the downside risk of asset value in an uncertain market environment. The Fund serves as a cost-effective way for investors to invest in a diversified portfolio of Hong Kong 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 Facts" below for details on other fees and charges. |
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Realisation Charge for Class-B Unitholders Waived
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 HKD10,000. |
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Switching Investment Strategy
If the Unitholder wish 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 Capital Growth Fund on the same Dealing Day. |
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Daily Dealing
Units of the Fund may be subscribed for or redeemed on any business day (except Saturdays, Sundays, and public holidays) in Hong Kong. |
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Daily Price Quotation
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, the Fund price may also be obtained from clicking "here".
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REGULAR CONTRIBUTIONS - MONTHLY INVESTMENT PLAN
Class B Unitholders may 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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For 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.
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HOW TO SUBSCRIBE FOR OR REDEEM UNITS OF THE FUND?
Customers can subscribe for 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 first be Cyberbanking account holders.
FUND FACTS
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Class B Unit |
| Fund Inception Date |
10 December, 2004 |
| Fund Base Currency |
HK Dollar |
| Minimum Initial Investment Amount |
HKD10,000* |
| Minimum Additional Investment Amount |
HKD5,000* |
| Minimum Holding Amount |
HKD10,000* |
| Management Fee |
1.50% p.a. |
| Trustee Fee |
0.125% p.a. |
| Preliminary Charge |
Up to 5% of the issue price |
| Realisation Charge |
Waived# |
| Investment Manager |
BEA Union Investment Management Limited |
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(i) Inclusive of the preliminary charge (for Class B Units only)
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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 B Units of up to 0.5% of the realisation price of such Units. The Manager currently agrees to waive such realisation charge. |
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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 |
FINANCIAL STATEMENTS
2004 Annual Report
2005 Interim Report
2005 Annual Report
2006 Interim Report
2006 Annual Report
2007 Interim Report
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 and an interpretation of terminology in respect 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.
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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