TNAG-2270-FCO40-3269-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1991 — Page 3

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Investment

There are no special difficulties involved in managing an investment portfolio designed to achieve the long term capital appreciation in a a mixture of foreign currencies which would be necessary to meet the objectives of the scheme. There are a number of houses represented or based in Hong Kong who have the investment management skills and administrative capabilities to undertake such a task.

The costs are difficult to estimate with precision in advance of being able to call for specific proposals from suitable institutions. The charges for managing

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