BEA widens product range with constituent funds
The Bank of East Asia Limited has launched four constituent funds under its Mandatory Provident Fund schemes.
Two of the new constituent funds, namely the BEA Global Equity Fund and BEA European Equity Fund will be added to the BEA Master Trust Scheme, bringing the total number of funds under the scheme from 10 to 12.
The BEA Global Equity Fund will mainly invest in global equities with some exposure to debt securities/money market instruments while the BEA European Equity Fund will mainly invest in European equities with some exposure to debt securities/money market instruments.
The other two new constituent funds, namely the BEA Greater China Growth Fund and the BEA Hong Kong Growth Fund, will be added to the BEA Industry Scheme, bringing the total number of funds under this scheme from four to six.
The BEA Greater China Growth Fund will mainly invest in the listed securities of companies that derive or are expected to derive a significant portion of their revenues from goods produced or sold, investments made, or services performed in Greater China while the BEA Hong Kong Growth Fund will mainly invest in Hong Kong equities, with some exposure to debt securities/money market instruments.
"We have chosen to launch these four new equity funds in view of our scheme members' growing need for an even wider range of investment opportunities," said Mr. Patrick C.M. Li, Head of MPF Business at BEA.
BEA is one of only two trustees authorised to offer both the Master Trust Scheme
and Industry Scheme in Hong Kong.
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