[antelope123]

Hello,

I currently pay 4% front-load fee buying mutual funds (monthly deposit) through NFS / AXA. However their customer service is horrible - can't even get a performance statement from them every once in a while. Couple of questions:

1) Are there any companies that sell funds in HK (Templeton, JF, Franklin, etc...) for <4% front load fee? I believe HSBC charges 5%, and it seems the small guys charge 4%. Does any firm beat this?

2) Who can give a personal recommendation for an investment adviser as someone who provides good advice, timely service (e.g. monthly updates of performance), etc...

Do NOT respond if you are affiliated with any investment house in any way, shape or form.

Thanks all

[freeier]

try other types of products...

this one might be interesting. 8-)

ask.abnamro.com.sg

its an index investment.

i was talking to the AIG agent and they way they pitch their accumulator is quite frustrating.. and she is a fren. sigh

[c1000]

Try Charles Schwab in Central. Their selection of mutual funds is small, but they offer competitive fees (some no-load funds), advice if you need it, and professional no-pressure service. You can always choose from the universe of ETFs and avoid front loads altogether.

[philippe]

If you like funds just pick those with no entry fees.

I paid nothing upfront to get my Fidelity India Focus Fund for example. They only take 1%-2% p.a. for the mgt fee.

Just ask around until you get what you want.

[PDLM]

HSBC will reduce their upfront fees by at least 2% if you are a reasonable size customer. But you need to talk to your relationship manager - this isn't available online.

[taihunggao]

if you've got more than hk$4m you get massive reductions in fees, otherwise just suck it up, pick the fund not the distributor. These are supposed to be long term investments anyway... look at the 3yr china fund average, 200 odd % up !! yet it lost 20% in a week in feb... short term is a loser in these wild asian markets.

[panda05]

In general fee's are always negogiable in HK, the more money you have the bigger the discount you might get. As an alternative you might try exchange traded funds ETF's. Where you only pay a small brokerage fee. There are ETF's on all major indices.

[MikeLowrey]

If you have as little as fifteen grand USD or over, you'll be able to subscribe to their funds for around a 2% initial fee. Don't let those fund fact sheets fool you.

[philippe]

Originally Posted by panda05

In general fee's are always negogiable in HK, the more money you have the bigger the discount you might get. As an alternative you might try exchange traded funds ETF's. Where you only pay a small brokerage fee. There are ETF's on all major indices.

Beware of ETFs in HK they are not as good as you may think. My India Fund is up 18% this year (all fees included) my India ETF on the other hand is only up 14%.

Also ETF price is supposed to be close the the price of the underlying asset (index or whatever) but this is far from true with the ETFs sold in HK. In other words the banks/ETF issuers are making a lot of money by selling ETF at a huge premium (buy/sell spread). This remind me of REIT US version compared to REIT HK version not the same animal.

[PDLM]

I'm confused by this comment - the only Sensex ETF traded on the HK exchange that I am aware of is #2836 SensexIndiaETF. That appears to be up at least 17.5% YTD, and the spread is the standard one at that price range. (At COB today the Bid is HK$16.86 and the Offer is HK$16.88.) The Sensex itself is up by under 10% YTD