Boom Securities - Mutual Fund FAQ

MUTUAL FUND

The Benefits

Diversification

Large numbers of securities/across markets

Spread out investment risks over a larger basket of securities

Don't put all your eggs in one basket

Professional Management

Funds managed by trained financial experts

Research/identify investment opportunities

Better access to information

Access to International Markets

Exposure to multiple market through a single investment

Visit our Mutual Fund Center to see choices of funds.

Subscription/Buy

1. Open a trading account (if an account has not already been established)
2. Select the desired fund from the Mutual Fund Center
3. Download or order the prospectus or information memorandum
4. Review the prospectus or information memorandum
5. Deposit sufficient funds in your account before placing any order.
6. You may deposit either U.S. dollars or HK dollars with BOOM to purchase funds. For details see "Funds Deposit / Withdrawal" section.
7. Submit a buy instruction for the desired fund. Input the dollar amount (currency: HK$ or US$) to be invested.

Note:

Minimum investment requirement varies by fund.

Orders must be received by BOOM before 3:15pm HK time on any trading day in order to ensure that the transaction are effected based on Net Asset Value (NAV) calculated on the same day.

All currency exchanges are carried out by fund management company specified institutions. BOOM does not provide currency exchange services and does not guarantee exchange rate.

Quantity of shares purchased depends on the NAV of the fund shares at the time of purchase and exchange rates utilized.

You will be asked to confirm that you have reviewed the Prospectus or information memorandum and that you are making the purchase based solely on the information provided from the Prospectus or information memorandum. You will also be asked to confirm that you do not fall under the category of persons restricted from investing in the fund.

Trade confirmation detailing quantity of shares bought and NAV/share will be provided within 2 working days. Hard copy contract notes will be provided within 5 working days.

Redemption/Sell

1. Select the fund to be redeemed (sold) in your portfolio
2. Click on the "sell" button adjacent to the relevant fund
3. Submit a sell instruction. Identify either the value (HK$ or US$) to be redeemed, or the quantity (number of shares) to be sold.

Note:

Minimum balances must be maintained per individual fund held.

Orders must be received by BOOM before 3:15pm HK on any trading day in order to ensure that the transaction will be effected based on NAV calculated on the same day.

All currency exchanges are carried out by fund management company specified institutions. BOOM does not provide currency exchange services and does not guarantee exchange rate levels.

Value redeemed can vary and depends on the NAV of the fund shares at the time of redemption and exchange rates utilized.

Trade confirmation detailing quantity of shares redeemed, NAV/share, and value redeemed (in the currency specified in the sell instruction) will be provided within 2 working days. Contract notes will be provided within 5 working days.

Funds will be credited into your account within 14 days.

Switch

1. Investors may switch between funds offered within the same fund family without incurring full front end subscription fees. Charges vary with each fund company
2. Select the fund to be redeemed (sold) as part of the switch in your portfolio
3. Select the fund to purchased as part of the switch and input the dollar amount to be invested (if different from the amount to be redeemed).

Note:

Required minimum balances must still be maintained per individual fund held.

Orders must be received by BOOM before 3:15pm HK on any trading day in order to ensure that the transaction will be effected based on NAV calculated on the same day.

All currency exchanges are carried out by fund management company specified institutions. BOOM.COM does not provide currency exchange services and does not guarantee exchange rate levels.

Trade confirmation detailing quantity of shares purchased and redeemed, and relevant NAV/share will be provided within 2 working days. Hard copy contract notes will be provided within 5 working days.

Fees & Charges

Click here to view Fees & Charges - Mutual Fund