BEA Trustees cuts management fees for MPF constituent funds

五月 16, 2011
Joe Chan
<ET Net News Agency, 16 May 2011> Bank of East Asia (Trustees) Limited, a wholly-owned
subsidiary of The Bank of East Asia (00023), announced that it will lower management fees
(also known as Sponsor’s fees) for three Mandatory Provident Fund (MPF) constituent funds
starting from 1 June.
The management fees for two MPF Conservative Funds under the BEA (MPF) Master Trust
Scheme and BEA (MPF) Industry Scheme will be reduced from 1.2% to 0.79% per annum, while
the management fee for the BEA (MPF) Global Bond Fund under BEA (MPF) Master Trust Scheme
will be reduced from 1.45% to 0.99% per annum.
This translates into a management fee reduction of up to 34% for the MPF Conservative
Funds and 32% for the Global Bond Fund. (KL)


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