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.
“The most important opportunity in Asia”: Q&A with Chris Wildman, Head of Australian Business Development at Mirae Asset Global Investments
- Why did you decide to make these two funds available to Australian investors?
Client demand led us to set up both of these funds. They are the flagship strategies managed by our team in Hong Kong, which is the hub of our Asia ex-Japan investment business. Additionally, overseas investors have had access to these strategies for many years and so it was long overdue that we offered these to the local Australian market.
- How long have you been running these strategies elsewhere in the world? How have they performed?
These funds have been available globally since 2010 and have consistently outperformed their benchmark.