Funds seminar targets Chinese investors

PUBLISHED : Sunday, 04 September, 1994, 12:00am
UPDATED : Sunday, 04 September, 1994, 12:00am

HONG KONG Chinese who have never invested in unit trusts will be the target of a Hong Kong Investment Funds Association (HKIFA) educational seminar on Saturday.

Aimed at introducing people to the basic features of unit trust funds, the seminar, which will be held at the Excelsior Hotel, will cover the most frequently asked questions about how a mutual fund investment works.

Starting with an outline of unit trusts and their benefits, the seminar will progress to the type of funds available, how to choose the right fund and how to use unit trusts as a regular savings vehicle.

Talks will also be given on the type of services that investors can expect from fund houses as well as investor protection and the structure of funds.

Representatives from fund houses who are members of the HKIFA will present the seminar. Admission is $20 and all speeches will be in Cantonese.

The seminar will be held in the morning and repeated in the afternoon.

The event will also include an exhibition by nine fund management companies, who will set up display booths to introduce fund products and answer questions from new investors.

Despite spectacular successes at the end of 1993 and in the first quarter this year, Hong Kong's unit trust industry is still an investment vehicle for the minority.

Current estimates put unit trust penetration at between three and four per cent. A more accurate take-up figure should be available next month when the HKIFA releases the results of a survey of Chinese unit trust investors.

Fund houses to be represented at the exhibition include: Thornton Management (Asia), Schroders Asia, Indosuez Asset Management Asia, Barclays International Fund Managers, Jardine Fleming, BT Fund Managers, Fidelity Investments Management, Nomura Trust and Regent Fund Management.