Bank of East Asia : BEA Trustees Launches Six New MPF Constituent Funds
01/31/2012 | 03:54pm
For Immediate Release
BEA Trustees Launches Six New MPF Constituent Funds
IMPORTANT:
1. The BEA (MPF) Master Trust Scheme and BEA (MPF) Industry
Scheme offer different Constituent Funds (i) investing in one
or more Approved Pooled Investment Funds and/or Approved
Index-Tracking Funds which invest in equities or bonds; or
(ii) making direct money market investments, each with
different risk profile.
2. BEA (MPF) Long Term Guaranteed Fund invests solely in an
approved pooled investment fund in a form of insurance policy
provided by Principal Insurance Company (Hong Kong) Limited.
A guarantee is also given by Principal Insurance Company
(Hong Kong) Limited. Your investment in this Constituent
Fund, if any, is therefore subject to the credit risk of
Principal Insurance Company (Hong Kong) Limited. Please refer
to the Appendix 1 of the Explanatory Memorandum of BEA (MPF)
Master Trust Scheme for details of the credit risk, guarantee
features and guarantee conditions of this Constituent Fund.
3. BEA (MPF) Conservative Fund and BEA (Industry Scheme) MPF
Conservative Fund do not provide any guarantee of the
repayment of capital.
4. You should consider your own risk tolerance level and
financial circumstances before making investment choices.
When, in your selection of Constituent Funds, you are in
doubt as to whether a certain Constituent Fund is suitable
for you (including whether it is consistent with your
investment objectives), you should seek financial and/or
professional advice and choose the Constituent Fund(s) most
suitable for you taking into account your circumstances.
5. You should not invest based on this news release alone.
Please refer to the Explanatory
Memorandum of the relevant Scheme for details.
Hong Kong, 31st January, 2012 - Bank of
East Asia (Trustees) Limited ("BEA Trustees"), a wholly-owned
subsidiary of The Bank of East Asia ("BEA"), today announces
that it has launched six new constituent funds under its
Mandatory Provident Fund Schemes.
Both the BEA (MPF) Master Trust Scheme and the BEA (MPF)
Industry Scheme now include two new tracker funds, one
tracking the performance of Hang Seng China Enterprises Index
("BEA China Tracker Fund") and the other tracking the
performance of Hang Seng Index ("BEA Hong Kong Tracker
Fund").
The two new BEA China Tracker Funds will invest directly in a
single Approved
Index-Tracking Fund, namely the Hang Seng H-Share Index ETF,
which aims to provide investment returns that match the
performance of the Hang Seng China Enterprises Index as close
as practicable.
Meanwhile, the two new BEA Hong Kong Tracker Funds will
invest directly in another single Approved Index-Tracking
Fund, namely the Tracker Fund of Hong Kong, which aims to
provide investment results that closely correspond to the
performance of the Hang Seng Index.
Two further new funds have been added, one to each scheme.
The BEA (MPF) North American Equity Fund, now available under
the BEA (MPF) Master Trust Scheme, will invest mainly
in North American equities, with some exposure to North
American and other debt securities/money market instruments.
The BEA (Industry Scheme) Asian Equity Fund, now
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available under the BEA (MPF) Industry Scheme, will invest
mainly in Asian ex-Japan equities, with some exposure
to debt securities/money market instruments. With the
launch of these six new funds by BEA Trustees, customers can
now choose from a total of 15 constituent funds under the BEA
(MPF) Master Trust Scheme and nine constituent
funds under the BEA (MPF) Industry Scheme.
Mr. Patrick C.M. Li, Director & Chief Executive of BEA
Trustees, says, "By offering investment opportunities in
North American and Asian equities, as well as index tracking
funds, these six new funds extend the range of options
available to customers of varying appetites. We are confident
that the launch of these new funds will further enhance our
competitiveness in the marketplace."
Risk Disclaimer: Investments inherently involve risks and the
prices of units may go down as well as up. Past performance
is not indicative of future performance. For further details
including the product features and risks involved, please
refer to the Explanatory Memorandum of the relevant Scheme.
Issuer: Bank of East Asia (Trustees) Limited
About Bank of East Asia (Trustees) Limited
A member of the BEA Group, BEA Trustees is one of only two
trustees authorised to offer both the
Master Trust Scheme and Industry Scheme in Hong Kong. As of
30th September, 2011, over
500,000 members have joined the Company's two MPF schemes
with total assets exceeding
HK$12.2 billion. In recognition of the outstanding
performance of its MPF services, BEA Trustees won CAPITAL
Magazine's "CAPITAL Merit of MPF Achievement" Award for the
second
consecutive year in September 2011. For more information on
BEA Trustees' MPF services, please refer to the Insurance &
Retirement Services page at www.hkbea.com.
About The Bank of East Asia
Incorporated in Hong Kong in 1918, BEA is dedicated to
providing comprehensive retail banking, commercial banking,
wealth management, and investment services to its customers
in Hong Kong and other major markets around the world. BEA is
the largest independent local bank in Hong Kong, with total
consolidated assets of HK$598.9 billion (US$77.0 billion) as
of 30th June, 2011.
The Bank is listed on The Stock Exchange of Hong Kong and is
one of the constituent stocks of the Hang Seng Index.
With more than 220 outlets worldwide, BEA operates an
extensive international network covering Hong Kong and the
rest of Greater China, North America, the United Kingdom, and
Southeast Asia. For more information on BEA, please visit any
BEA branch or the Bank's homepage at www.hkbea.com.
For press enquiries, please contact: Mr. Patrick C.M. Li
Director & Chief Executive
Bank of East Asia (Trustees) Limited
- End -
Tel.: (852) 3608 0686 Email: licm@hkbea.com
BEA - Operator of one of the largest banking networks in Hong
Kong
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