💡One-time Fees: Subscription Fees, Redemption Fees, and Switching Fees
When buying funds, the most common fees are subscription fees, redemption fees, and conversion fees. As the name suggests, investors typically pay a one-time subscription or purchase fee as a commission 💵 for the fund trading service when buying funds through banks, securities companies, fund trading platforms, or insurance companies. This fee is usually deducted directly from your investment principal and generally ranges from 1.5% to 3%, depending on the specific company or fund.For example, if your investment principal is HK$1,000,000 and the subscription fee is 3%, after deducting HK$30,000 for the subscription fee, your actual investment amount would be HK$970,000.A redemption fee is charged when selling a fund. However, in Hong Kong, most fund companies or trading platforms do not charge this fee, but investors should be aware of individual platforms that may impose such charges🧐.As for the conversion fee, this is what investors pay when they withdraw money from one fund to purchase another. The conversion fee typically hovers around 1%. Compared to subscription fees, conversion fees are usually lower, but be mindful of any additional terms🔍, such as only being allowed to convert between funds within the same fund company.💡Ongoing Fees: Management Fees and Others
In addition to the one-time fees mentioned above, ongoing fees will be incurred while holding the fund, with the most well-known being the management fee. The management fee compensates the fund manager and team for regularly updating asset allocations. This fee is continuously deducted from the total value of the fund held. Other fees, such as custodian fees or administrative fees, are charged in the same manner, meaning these costs are already reflected in the fund's total balance and will not be deducted from your investment principal.✨WeLab Bank Breaks the Traditional Fund Fee Model
WeLab Bank understands the importance of investment principal and flexibility. Therefore, both the Featured Funds service and GoWealth Digital Wealth Advisory completely waive subscription fees, redemption fees, and switching fees. You can invest 100% of your principal without worrying about these costs💪🏻.Instead, WeLab Bank charges a flat monthly fee of 0.1%* based on your total fund value, helping you save nearly 85% on transaction fees#!🔍How Fees Impact Returns and Investment Deployment

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Download Now | WeLab Bank* Monthly fund platform fee is an aggregate amount of the daily fee within the month. Daily fee is calculated based on the daily market value of all your settled fund holdings in HKD (or HKD equivalent based on daily reference rate) under Featured Funds Services, excluding all money market fund holdings, multiplied by the fund platform fee monthly rate and divided by the number of calendar days of the month. For fund asset class information, please refer to the fund details page in WeLab Bank app.#Assuming the subscription fee rate is 2%, customers who use our Featured Funds Services can save 85% of transaction costs in the above two examples compared with the traditional charging model charging with subscription fee. The examples above are for illustration purposes only. Before making any investment decisions, you should consider your own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product(s).Disclaimer:This webpage is for reference only and does not constitute an offer, solicitation, advice, opinion, or any guarantee to anyone to buy, subscribe, or trade any investment product or service. Investment products or services are not the same as, nor should they be considered a substitute for, fixed deposits.Investment involves risk, fund prices can go up or down, and may even become worthless. Depending on market conditions, some investments may not be immediately realizable. Please read our financial service terms (including risk disclosure) and relevant fund sales documents carefully to understand our financial services and more information about the funds, including their risk factors.The investment decision is made by you, but you should not invest in the products or services mentioned on this webpage unless the intermediary has explained to you, considering your financial situation, investment experience, and goals, that the product or service is suitable for you when selling this product.Before making any investment decision, you must assess your own financial situation, investment goals and experience, willingness and ability to take risks, and understand the nature and risks of the product.If you have any questions about the products or services mentioned on this webpage, conducting transactions, or the nature and risks of the funds, you should seek advice from an independent financial advisor.Any content on this webpage should not be construed as a distribution, offer for sale or solicitation to purchase any securities or investment products in any jurisdiction where such an act would be illegal under the laws of that jurisdiction.If you are outside of Hong Kong, please understand and comply with any relevant restrictions. Continuing to purchase constitutes your declaration and guarantee that you are a Hong Kong resident, or that the applicable law or regulations in your jurisdiction allow you to access the information on this website or our application and make purchases.This webpage is published by WeLab Bank and the content has not been reviewed by the Securities and Futures Commission.This Chinese webpage is a translation of the English version. In the event of any conflict or inconsistency between the Chinese and English versions, the English version shall prevail.