Bank of East Asia Safeguards Against Risk Through New Fund

Vanessa Doctor

29 September 2009

Bank of East Asia has launched a new fund that aims to achieve short-term capital stability and growth through equity and debt securities.

The BEA Union Investment Four Seasons Fund, managed byBEA Union Investment Management, will serve as an alternative risk management tool for investors amid a highly unpredictable financial environment.

According to a release, the focus of the fund managers under the Four Seasons Fund is not to completely avoid risk, but to tap optimal potential returns by accepting specific risks.

"Investors can expect to enjoy long-term capital growth with the help of our professional fund managers who leverage the expertise of Union Investment Institutional GmbH (the subsidiary of Union Asset Management Holding) which shares its insight into the global economy as well as its extensive knowledge and experience in the area of risk and return management," said Ilex Lam, chief executive officer of BEA Union Investment in a statement.

Customers who subscribe to the fund now can enjoy a variety of offers, including a preliminary charge of 2.5 per cent for lump-sum subscriptions and 3 per cent on monthly investment plans, says the bank.

Hong Kong based Bank of East Asia is the largest independent local bank in the country with HK$411.9 billion ($53.14 billion) in total consolidated assets.