$7 Billion BEA Union Investment Partners with The Bank of East Asia to Launch BEA Wise All Weather Fund Investing in Diversified Portfolio of Equities, Bonds, Commodities, REITs & Cash Based on Strategic Asset Allocation Model & Forward-Looking Insights from BEA Investment Report (BEA Wise), BEA Investment Strategy Team Acts as Investment Advisor (Macro Recommendations) & BEA Union Investment Conducts Market Research, Asset Allocation, Investment Selection & Risk Management, Fund Officially Launched on 24th March 2025 Exclusive at The Bank of East Asia, Fund Qualifies as Southbound Cross-boundary Wealth Management Connect Product
24th March 2025 | Hong Kong
BEA Union Investment Management ($7.6 billion AUM) has formed a partnership with The Bank of East Asia to launch the BEA Wise All Weather Fund investing in a diversified portfolio of equities, bonds, commodities, REITs & cash based on strategic asset allocation model & forward-looking insights from BEA investment report (BEA Wise). BEA Investment Strategy Team acts as investment advisor (Macro Recommendations) & BEA Union Investment conducts market research, asset allocation, investment selection & risk management. The fund is officially launched on 24th March 2025, exclusive at The Bank of East Asia. The fund qualifies as a Southbound Cross-boundary Wealth Management Connect product. Announcement (24/3/25): “BEA Union Investment Management Limited (“BEA Union Investment”) is collaborating with The Bank of East Asia Limited (“BEA”) to launch the BEA Wise All Weather Fund (the “Fund”). Leveraging BEA Union Investment’s extensive asset management experience and the BEA Investment Strategy Team’s expertise in macro strategic asset allocation, this first-time partnership aims to provide investors with diversified investment solutions to enhance wealth growth. This innovative collaboration brings together two teams to create a globally diversified fund portfolio that spans equities, bonds, commodities, REITs and cash. Based on the Strategic Asset Allocation (“SAA”) model and supported by the quarterly comprehensive investment report “BEA Wise”, which offers forward-looking market insights, the BEA Investment Strategy Team acts as an Investment Advisor to provide macro-level recommendations on asset allocation including market trends and investment sector movements. Meanwhile, the investment team from BEA Union Investment conducts a thorough global market research, implementing effective asset allocation, investment selection, and risk management to establish a robust investment framework. The two teams will regularly review the latest market developments, making timely adjustments to the investment portfolio to actively manage the impact of market volatility, with a commitment to delivering relatively stable returns for investors in an ever-changing marketing environment, while pursuing medium to long-term capital growth and income … … The Fund will be officially launched on 24 March and being exclusively available at BEA. The Fund also qualifies as a Southbound Cross-boundary Wealth Management Connect product, offering more investment options to customers of the Wealth Management Connect.” In 2024 August, BEA Union Investment Management launched the BEA Union Investment Global Quality Bond Fund with at least 70% of investment in global investment-grade debt securities & monthly dividend distribution. The fund currency is available in USD, HKD & RMB, and the subscription period is between 26th August to 10th September 2024 with official launch on 10th September 2024.
“ $7 Billion BEA Union Investment Partners with The Bank of East Asia to Launch BEA Wise All Weather Fund Investing in Diversified Portfolio of Equities, Bonds, Commodities, REITs & Cash Based on Strategic Asset Allocation Model & Forward-Looking Insights from BEA Investment Report (BEA Wise), BEA Investment Strategy Team Acts as Investment Advisor (Macro Recommendations) & BEA Union Investment Conducts Market Research, Asset Allocation, Investment Selection & Risk Management, Fund Officially Launched on 24th March 2025 Exclusive at The Bank of East Asia, Fund Qualifies as Southbound Cross-boundary Wealth Management Connect Product “
Fritz Chan, General Manager and Head of Personal Banking Division of BEA: “BEA is committed to providing customers a diverse range of investment solutions tailored to their needs across various risk levels. Last year, we saw a significant increase in our unit trust business, indicating that portfolio diversification and optimising risk- adjusted returns remain priorities for most customers. In response to market demand, we are pleased to collaborate with BEA Union Investment to introduce the BEA Wise All Weather Fund, an addition to our extensive range of investment products. The Fund leverages forward-looking forecast and macro recommendations from our investment strategist team, driven by extensive market research and trend analysis. Guided by BEA Union Investment’s experienced portfolio management team and rigorous investment analysis, the team employs a flexible strategy to navigate market fluctuations, helping investors achieve stable wealth accumulation in an ever-changing financial landscape.”
BEA Union Investment CEO Janet Li: “BEA Union Investment is renowned for its outstanding investment capabilities and market insights. Through this collaboration, we are delighted to combine our respective investment expertise and forward-looking ideas to create greater value for investors. The Fund focuses globally, diversifying investments across various themes and asset classes, and establishes defined ratios for asset classes to prevent excessive concentration in any specific area. This approach aims to keep volatility within set levels and capture the growth potential of each asset class under different market conditions. We expect the BEA Wise All Weather Fund to navigate investors’ financial journey in any weather, as its name suggests.”
BEA Union Investment Management – BEA Union Investment Management Limited (“BEA Union Investment”) is a joint venture formed in 2007 between The Bank of East Asia Limited and Union Asset Management Holding AG. As of December 31, 2024, BEA Union Investment has approximately US$7.6 billion in assets under management. Combining local knowledge and global vision, BEA Union Investment excels in multiple asset classes across global markets, including stocks, bonds, alternative investments and currency markets.
The Bank of East Asia – Incorporated in 1918, The Bank of East Asia, Limited (“BEA”) is a leading Hong Kong-based financial services group with total consolidated assets of HK$877.8 billion (US$113.0 billion) as of 31 December 2024. BEA provides a comprehensive range of wholesale banking, personal banking, wealth management and investment services to customers through an extensive network of about 120 outlets covering Hong Kong, the Chinese Mainland, Macau, Taiwan, Southeast Asia, the United Kingdom, and the United States.
Union Asset Management Holding AG – Founded in 1956, the Union Investment Group is one of Europe’s leading asset managers for private and institutional clients. Union Investment is anchored in the German cooperative financial group led by D.Z. Bank. With assets under management of EUR504.7 billion as at 30 December 2024, Union Investment offers a broad range of asset management products covering various asset classes such as equities, fixed income, money market, real estate, alternatives and quantitative funds.
$7 Billion BEA Union Investment Launches BEA Union Investment Global Quality Bond Fund with at Least 70% of Investment in Global Investment-Grade Debt Securities & Monthly Dividend Distribution, Currency Available in USD, HKD & RMB, Subscription Period Between 26th August to 10th September 2024 with Official Launch on 10th September 2024
27th August – BEA Union Investment Management with $7 billion AUM is launching the BEA Union Investment Global Quality Bond Fund with at least 70% of investment in global investment-grade debt securities & monthly dividend distribution. The fund currency is available in USD, HKD & RMB, and the subscription period is between 26th August to 10th September 2024 with official launch on 10th September 2024. Announcement: “BEA Union Investment Management Limited (“BEA Union Investment”) today announced the distribution of BEA Union Investment Global Quality Bond Fund (“the Fund”) will commence on 10 September 2024, with an IPO subscription period between 26 August and 10 September. The Fund aims to offer investors a high-quality bond strategy with reduced volatility and risk that can ride out potential market fluctuations while offering compelling income potentials. The Fund primarily invests in US Treasuries and USD-denominated Investment-grade bonds spanning across developed markets, including the US, Europe, Japan, and Australia from an array of sectors, such as banks, financials, industrials, and technology, media, and telecommunications (TMT). The portfolio is characterized by strong credit fundamentals, relatively low risks, and a defensive nature, with the model portfolio having an average credit rating of A^. Since 2022, the US Federal Reserve has repeatedly raised interest rates, pushing short-term bond yields higher. Bonds with maturities below two years present the most appealing yields. The duration of the model portfolio is under one year, with the aim of capitalizing on higher income from short-term bonds.”
BEA Union Investment CEO Janet Li: “The global rate-cutting cycle will soon kick off as inflationary pressures steadily decline, dimming the allure of banks’ savings rates. In response to investors seeking an alternative to interest income from banks, we are launching ‘BEA Union Investment Global Quality Bond Fund’. Riding on our core expertise in fixed income, and our seamless collaboration with our German parent company Union Asset Management, we are well-placed to capture quality income investing opportunities by allocating assets worldwide. Economic situations and monetary policies across global markets are increasingly diverging. For instance, the European Central Bank has already lowered interest rates, whereas Japan, encouraged by the virtuous cycle of rising wages and prices, is just beginning its monetary policy tightening. These differing circumstances create varied investment opportunities across countries. In the face of a plethora of uncertainties, we believe global short-term bond strategies are defensive and offer alluring income, enabling risk-averse investors to capture investment prospects worldwide while achieving risk diversification.”
Pheona Tsang, Chief Investment Officer of Fixed Income at BEA Union Investment: “Inflation is gradually subsiding. While the US economy displays signs of softening, it remains broadly resilient. Until inflation declines to its target, interest rates are expected to remain at a relatively high level for an extended period of time. Consequently, we believe that short-term bond yields will stay at attractive levels. Despite an impending shift in monetary policy, short-term bonds experience relatively lower price volatility because the asset class is less sensitive to rate movements and, as a result, less impacted by interest rate fluctuations. For the past five years as of end-May this year, the daily return of the ICE BofA 1-3 Year US Corporate and Government Bond Index hovered within the range of +/-0.5%, indicating limited volatility. Due to the fact that it is easier to take the pulse of an issuer’s near-term financial and operational health, the likelihood of any sudden deterioration in credit fundamentals is lower. Moreover, short-term bonds benefit from ample supply and demand, representing sufficient liquidity. Hence, the mark-to-market risk is lower.”
BEA Union Investment Global Quality Bond Fund is managed by Pheona Tsang and her team, integrating macroeconomic research and views of Union Asset Management’s fixed income team into the investment process. With a solid 17-year track record, BEA Union Investment, a joint venture established by Hong Kong’s Bank of East Asia and Germany’s Union Asset Management, allocates assets worldwide and actively manages equities, bonds, and multi-asset portfolios.
$7 Billion BEA Union Investment Hires Mercer Janet Li as CEO Succeeding Eleanor Wan, Allianz Global Investors Samson Chan Hired as COO Succeeding Keith Cheung
15th September 2023 – BEA Union Investment with $7 billion AUM (Assets under Management) has hired Mercer Janet Li as CEO succeeding Eleanor Wan (12/9/23), and Allianz Global Investors Samson Chan hired as COO succeeding Keith Cheung (1/9/23). Janet Li has more than 20 years of experience in the financial industry, including 5 years at Mercer (Partner & Wealth Business Leader Asia) and 16 years at Willis Towers Watson (WTW). Samson Chan joins from Allianz Global Investors after 16 years (last role as Business & Operations Transformation Director, APAC), and prior was with JP Morgan Securities & Accenture. Eleanor Wan will continue as advisor to BEA Union Investment. BEA Union Investment was amongst the first to set up public funds under open-ended fund company (OFC) structure, and also the first to incorporate an Investment Management Wholly-Foreign Owned Enterprise (IM-WFOE) in Qianhai, Shenzhen. BEA Union Investment is a joint venture formed in 2007 between The Bank of East Asia (largest independent local bank in Hong Kong) & Union Asset Management (2nd largest asset manager in Germany).
Eleanor Wan: “It has been an honour to serve as CEO of BEA Union Investment, growing the franchise and leading our close-knit teams through various market cycles. I would like to express my gratitude to Keith, who has been instrumental in implementing a spate of new operation initiatives to facilitate asset growth. As I embark on a new chapter, I am delighted to pass the baton to Janet. Her leadership, deep industry knowledge, and proven track record in driving business performance will inspire and further accelerate the firm’s strategic growth. Together with Samson’s rich experience in operational workflow, I am confident that they will bring fresh perspectives into the franchise, lifting it to new heights.”
Janet Li: “I am thrilled to be appointed as CEO by the Board and have the opportunity to take the helm of this great organisation, which is poised for the next growth phase. As a leading Hong Kong-based asset manager, BEA Union Investment has the benefit of leveraging quality research and extensive network of both Bank of East Asia and Union Investment Group. We understand our markets in Asia and are nimble in partnering with our clients. I look forward to working with the team to continue growing the business, delivering solid and consistent track record, and bringing BEA Union Investment to its next milestone.”
BEA Union Investment
BEA Union Investment is a joint venture formed in 2007 between The Bank of East Asia (largest independent local bank in Hong Kong) & Union Asset Management (2nd largest asset manager in Germany). BEA Union Investment is an active manager of Asian equities, bonds and mixed-asset portfolios. Headquartered in Hong Kong, our investment professionals are supported by their counterparts in Germany. We serve retail, private bank and institutional investors in Greater China as well as institutional investors across Europe, with sales representatives in Hong Kong Shanghai, Shenzhen (Qianhai) and London. The Bank of East Asia has grown into having the most extensive network of any foreign bank in China, Asia’s growth engine. Union Investment, established in 1956, is the investment arm of DZ Bank Group, the second largest bank by asset size in Germany.
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