Mirae Asset Asia Sector Leader Equity Fund

Asian fund manager Mirae Asset Global Investments has launched its Mirae Asset Asia Sector Leader Equity Fund into the Australian market.

The fund invests in "sector leading" companies in, or exercising a large portion of their business activity in, Asia (ex. Japan), including Korea, Taiwan, China, Hong Kong, Singapore, India, Malaysia, Indonesia, Thailand and the Philippines.

According to head of Australian business development, Chris Wildman, the fund aims to identify and invest in early winners in industries that are likely to benefit from the broad growth across the emerging markets spectrum. The fund's strategy seeks out companies that exhibit sustainable competitiveness at reasonable valuations, providing both stability and growth opportunities.

The fund has been available globally since 2010.

In December 2016, Mirae launched its first fund, the Asia Great Consumer Equity Fund, in the Australian market. You can read more about that fund HERE.