News Column

Hong Kong : BEA Trustees Reduces MPF Management Fees for Six Constituent Funds under the BEA (MPF) Value Scheme

August 28, 2014



The Bank of East Asia, Limited announces that its wholly-owned subsidiary, Bank of East Asia (Trustees) Limited ( BEA Trustees ), has reduced the Management fees* for six constituent funds under the BEA (MPF) Value Scheme. The Management fees charged at the constituent fund level for the BEA Asian Equity Fund, BEA Balanced Fund, BEA Global Equity Fund, BEA Greater China Equity Fund, BEA Growth Fund, and BEA Stable Fund have been lowered from 0.99% to 0.90% per annum of the net asset value effective 1st July, 2014.

The new fee range of the total Management fees (including the constituent funds and the underlying funds levels) for all constituent funds under the BEA (MPF) Value Scheme is 0.70% - 0.91% per annum of the net asset value. For further information, please refer to the Appendix and the Explanatory Memorandum of the BEA (MPF) Value Scheme.

Mr. Raymond Ng, Director & Chief Executive of BEA Trustees, says, We are dedicated to offering our customers quality MPF services and a variety of constituent funds at competitive prices. Our lowering of the Management fees for the six constituent funds under BEA (MPF) Value Scheme reflects our dedication, and looking ahead, we will continue to review our MPF schemes and identify ways to help our customers grow their wealth.

BEA Trustees is one of two trustees authorised by the Mandatory Provident Fund Schemes Authority to offer both the Master Trust Scheme and the Industry Scheme in Hong Kong. As of 31st May, 2014, over 585,000 members have joined the Company s MPF schemes with total assets exceeding HK$17.7 billion.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: TendersInfo (India)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters