Date: 20 Feb 2006
MPF Scheme - Reduced Fees and Launch of Multi-manager Investment Funds |
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Fidelity has agreed to reduce the net fee (after bonus rebate) by 0.025% p.a. for all the MPF Scheme Funds effective from 16 January 2006. Details of the new set of fees are tabled below.
Fidelity has also launched 4 multi-manager lifestyle funds which are managed by non-Fidelity fund managers to provide MPF Scheme members with more choice. The net fee is also found below:
Constituent Fund |
Old Set of net fee
(% of net asset value per annum) |
new set of net fee commenced
from 16.1.2006
(% of net asset value per annum) |
Fidelity-only lifestyle funds |
1.7% |
1.675% |
| Capital Preservation Fund |
1.5% |
1.475% |
| Multi-manager lifestyle funds |
- |
1.875% |
For a glance of all the investment options available in the MPF Scheme, please see Fund Information attached. For details, please visit Fidelity website www.fidelity.com.hk or contact Fidelity Hotline at 2500-1666.
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