Investing in an active fund instead of a direct equity or index fund differs in that in an active fund, the fund management team makes continuous stock selection and investment decisions in an effort to beat the market and add value to your investments. This differs from index funds, where the objective is to passively track a specific market index, and direct equity funds, which you select and manage yourself.
Our funds are subject to charges such as a 1.0% management fee, a 0.15% custodian fee and a 10% performance fee, only when the fund exceeds its highest value. These charges can affect the total return on your investment and vary depending on the fund. For HCP Bricks, there is a tiered 1-4% redemption fee and a 2% subscription fee.
The subscription is made by filling in the subscription form, which is available on our website. The subscription date is always the last day of the quarter, for example 30 September or 30 December. Once you have filled in the form and transferred the required amount, your funds will be transferred to the fund on the subscription date.
If you wish to redeem your investment in the fund, you can do so by filling in the HCP subscription form on our website one month before the next subscription date (2 months before the subscription date for HCP Bricks). Redemption means selling your units back to the fund management company or the market in exchange for the amount you have invested in the fund, minus any redemption fees. The timing of redemption can affect the outcome of your investment.