To match your investment style, Manulife InvestChoice offers two types of accounts: Trade-based Account and Asset-based Account. At present, only Trade-based Account is available for new account opening because of the current business policy of Manulife Investment Management (Hong Kong) Limited (“Manulife”).
Trade-based Account |
Asset-based Account |
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Subscription Fee |
Charged on the subscription amounts with the fee rate based on the AUM in the Account upon acceptance of the client instruction. |
Not applicable |
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AUM in the Account (Note 1) |
Fee rate |
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HK$10M and above |
0.80% |
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Less than HK$10M to HK$5M |
1% |
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Less than HK$5M to HK$1M |
1.50% |
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Less than HK$1M to HK$500,000 |
2% |
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Less than HK$500,000 (or equivalent in USD, RMB, EUR, AUD, CAD and GBP) |
3% |
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Switching fee |
Fee rate of 1% charged on amount switched from any Fund prior to the switch-in transaction. |
Not applicable |
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Asset Transfer-out Fee |
Upon acceptance of the client instruction (unless otherwise notified by Manulife), any Unit transferred-out shall be subject to a Transfer-out Fee of 1% on AUM.
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Upon acceptance of the client instruction (unless otherwise notified by Manulife), • Exit Charges below shall apply to any Units held which are transferred-out in the first three years. |
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Annual fee |
Not applicable |
Charged on the value of Fund holdings in the Account at a fee rate which is based on the Average AUM in the Account and collected monthly. |
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Average AUM (Note 2) |
Fee rate (per annum) |
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HK$10M and above |
0.80% |
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From less than HK$10M to HK$5M |
1% |
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From less than HK$5M to HK$1M |
1.50% |
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Less than HK$1M (or equivalent in USD, RMB, EUR, AUD, CAD and GBP) |
2% (subject to a minimum charge of HK$1,200 per annum and collected monthly) |
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Exit charges |
Not applicable |
Deducted from any withdrawal from the Account, (i) if it relates to subscription(s) made within 3 years prior to the withdrawal and (ii) subject to the order of priority concerning the Free of Exit Charges Pool and Earlier Subscription(s) as defined in the Client Agreement - Terms of Service and the fee rate is related to the Exit Period as set out in the table below. |
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Exit period (since subscription) |
Fee rate |
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1st year |
2.50% |
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2nd year |
2% |
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3rd year |
1.50% |
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Note:
1 “AUM in the Account” is the total value of Fund holdings and the total bank balance of the related Cash Accounts, subject to the following adjustments:
• cheque payment will be counted towards the bank balance of the Cash Account before it is cleared; and
• your instructed withdrawal from the Cash Account will be deducted from the bank balance of the Cash Account before it is processed.
In addition, for the purpose of calculating the holdings for any single name account, holdings by the holder in any joint-name account will not be considered, and vice versa.
2 “Average AUM” means the daily average holdings in the Account, including the total bank balance of the related Cash Accounts, for the charging month. Annual Fee is calculated as below. For the purpose of calculating holdings for any single name account, holdings by the holder in any joint-name account will not be considered, and vice versa.
Average Fund holdings in the Asset-based Account
Fee rate
No. of calendar days in charging month
No. of calendar days in charging year
Important Notes:
Dealing Transactions for Manulife InvestChoice Accounts will be subject to the terms and requirements (including restrictions or charges), applicable to direct holders of the relevant Funds as specified in the latest Fund Offering Documents of such Funds. Manulife InvestChoice Account holders are reminded to read and understand the latest version of the Fund Offering Documents before making an instruction to subscribe, redeem, switch, transfer or otherwise deal in the relevant Fund through Manulife.
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