BEA Japan Growth Fund

(a Sub-Fund of Bank of East Asia Investment Series)

Fund Features highlight

Capitalize long-term capital growth opportunities by investing in Japan equities

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. Past performance of the Fund is not indicative of future performance.

The summary provided herewith is only a brief introduction of BEA Japan Growth Fund (the "Fund"), a Sub-Fund of the Bank of East Asia Investment Series (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 JAPANESE 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

Objective The BEA Japan Growth Fund is a feeder fund. The investment objective of the Fund is to provide investors with long-term capital growth by investing in a Japan equity fund managed by a reputable specialist fund manager.

WHY INVEST IN JAPANESE EQUITY MARKET

	Japanese Equity Market Remains Bullish - after hitting a 20-year low in April 2003, the Japanese equity market has been on a firm upward trend, boosted by increases in corporate profitability, recovery in the domestic economy, and improved business sentiment.
	Corporate Profits Continue to Improve - corporate profits in the third quarter of 2005 increased by 6.6% year-on-year1, which has been the thirteenth consecutive quarter of year-on-year growth and reflects strong corporate sales performance.
	Positive GDP Growth Recorded for the Third Consecutive Quarter - the GDP for the second and third quarters of 2005 recorded rare annualised growth of 3.3% and 1.7% respectively2. This can be attributed to increases in private investment, consumption, and net exports.
	Political Stability Benefits the Equity Market and Yen - with Junichiro Koizumi leading the Liberal Democratic Party to a landslide victory in the recent general election, it is expected that broad economic reform will continue. In particular, the encouragement of investment and growth in private enterprise is expected, as exemplified in the recent privatisation of the postal service.

¹Source: "Monthly Economic Report", ERSI Cabinet Office, December 2005
²Source: "Monthly Economic Report", ESRI Cabinet Office, second and third quarter 2005

WHY INVEST IN THE FUND

	Diversification Benefit The Fund, through investments in its Underlying Fund, provides you with a cost-effective way to invest in a diversified portfolio of Japanese equities.
	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 involved, for example, the preliminary and realization 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. Class B Unitholders of the Fund may redeem their Units without any realisation charge after the relevant Units have been held for a period of four years or more. Please refer to the "Fund Facts" below for details on the realisation charge.
	Monthly Investment Plan Available You can also choose to join the Monthly Investment Plan to make regular subscriptions for Units of the Fund on a monthly basis, subject to a minimum amount of HKD1,000 per month (or its equivalent in the relevant currency). Please refer to "Regular Contributions" below for details.
	Daily Dealing Units of the Fund may be subscribed to or redeemed on every business day (Monday to Friday, except 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.

REGULAR CONTRIBUTIONS - MONTHLY INVESTMENT PLAN

Class A Unitholders can choose to invest in the Fund through the Monthly Investment Plan: -

	Minimum monthly subscription amount: HKD1,000
	For termination of 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

HOW TO SUBSCRIBE OR REDEEM UNITS OF THE FUND

Simply apply for subscription or redemption of the Fund at any BEA branch on any business day.

FUND FACTS

*	(i)	Inclusive of the preliminary charge
	(ii)	The Manager may at its 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.
+	The BEA Japan Growth Fund will, indirectly, bear a proportionate share of the fees and expenses of the Underlying Fund in which it invests. Currently, the aggregate of the management fees payable to the Manager and to the manager of the Underlying Fund will be 1.5% p.a. of the net asset value of the Fund. The aggregate of the trustee fees payable to the Trustee and to the trustee of the Underlying Fund will not exceed 0.625% p.a. of the net asset value of the Fund. Unless otherwise agreed with the Commission, the Manager will give no less than 3 months' notice to affected Unitholders of such changes. The trustee of the Underlying Fund is currently entitled to receive a servicing fee of up to 0.2% p.a. of the net asset value of the Underlying Fund. Please refer to the Explanatory Memorandum of the Fund for further details in respect of the fees and charges of the Underlying Fund.

FINANCIAL STATEMENTS

 2006 Interim Report

 2006 Annual Report

 2007 Interim Report

 2007 Annual 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 above-mentioned information is only a brief introduction to the Fund. For all details and 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. 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. 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 decision right on any disputes.

The Fund has been authorised by the Securities and Futures Commission ("SFC") in Hong Kong. However, such authorization does not imply official approval or recommendation.