Fees and Charges
(1) Is there any fee to be charged?The relevant fees and charges for funds may vary, including but not limited to fund subscription fee, management fee, and fund platform fee.<For GoWealth Digital Wealth Advisory Services>For fund subscription fee, it is charged when you place a buy order (e.g. creating a goal, monthly investment, and switching / rebalancing order with buy orders). Subscription fee by a percentage would be charged on the subscription amount, please refer to General Service Charges for details.On the other hand, fund houses may also charge management fee and other charges, where you may refer to relevant fund offering documents for more details and the Bank will receive a rebate of the management fee received by fund houses as the commission, please refer to General Service Charges for details.<For Featured Funds Services>The fund platform fee shall be charged monthly and will be debited from your Core Account on or before the 7th business day of each month. The fund platform fee of a month 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. Fund platform fee accrued in a month (if any) will be shown on the corresponding Investment Account Monthly Statement. For details of the prevailing fund platform fee monthly rate, please refer to the “General Services Charges”. For fund asset class information, please refer to the fund details page in WeLab Bank app.Also, fund houses may also charge management fee and other charges, where you may refer to relevant fund offering documents for more details and the Bank will receive a rebate of the management fee received by fund houses as the commission, please refer to General Service Charges for details.Note: Fund platform fee is waived during the promotion period from 5 June 2023 to 4 August 2023 (both dates inclusive). Please refer to the terms and conditions of the promotion for details.
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