2024-11-26 Mirae Asset Global Investments (Hong Kong) Limited
HaiPressHONG KONG,Nov. 26,2024 -- Mirae Asset Global Investments (Hong Kong) Limited (referred to as "Mirae Asset") today announced the launch of two new products to further enhance its active ETF lineup. The new ETFs are the Global X India Sector Leader Active ETF (stock code: HKD counter 3084 / USD counter 9084) and the Global X Emerging Markets Asia Active ETF (stock code: HKD counter 3104 / USD counter 9104).
The Global X India Sector Leader Active ETF aims to achieve long-term capital appreciation by primarily investing in equities and equity-related securities of sector-leading companies that are domiciled in India or conduct a significant portion of their economic activities there. At least 70% of the fund's assets will be invested in companies with strong market share and profitability in the Indian market,targeting robust long-term growth. The investment strategy focuses on companies with high market share and profitability to generate stable returns. Additionally,the fund employs a flexible portfolio strategy without fixed industry weights,allowing it to effectively respond to market changes. As a registered foreign investor,this fund provides investors with convenient access to the Indian market,enabling them to share in the country's economic growth.
The Global X Emerging Markets Asia Active ETF targets long-term capital appreciation through concentrated investments in equities and equity-related securities of companies domiciled in or conducting significant economic activities in emerging Asian markets. At least 70% of the fund's assets will be invested in companies from emerging Asian markets excluding China,aiming to capture growth potential in these economies. The investment strategy focuses on seizing economic growth opportunities in these regions. By employing a rigorous stock selection process that combines quantitative screening with qualitative research,the fund ensures the selection of stocks with strong growth potential. Furthermore,the portfolio is broadly diversified,with no fixed industry weights or market capitalization limits,allowing for flexibility in responding to market trends and providing more investment opportunities.
Mr. Wanyoun CHO,Chief Executive Officerof Mirae Asset Global Investments (Hong Kong) Limited,stated,"With the launch of these two new ETFs,Mirae Asset is expanding its product line in the active ETF space to meet the diverse needs of investors seeking thematic growth strategies. We firmly believe that the economic potential in India and emerging Asian markets is immense,and as these regions continue to develop,investment opportunities will become increasingly abundant. By leveraging local expertise,our investment approach focuses on generating long-term alpha and assessing risks,fully aligning with the growth potential of these markets. Through these new products,investors will be better positioned to capitalize on growth opportunities in these regions and maximise their benefits."
For more information about the Global X India Sector Leader Active ETF (3084) and Global X Emerging Markets Asia Active ETF (3104),please visit the Global X ETFs website at www.globalxetfs.com.hk.
About Mirae Asset Global Investments Group
Mirae Asset Global Investments Group (the "group") is an asset management organization with over US$272 billion in assets under management as of Sep 30,2024[1]. The organization provides a diverse range of investment products including mutual funds,exchange traded funds ("ETFs"),and alternatives. Operating out of 25 offices worldwide,the group has a global team of more than 1,000 employees,including more than 200 investment professionals.
The group's global ETF platform features a line-up of 601 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.[2] The group's ETFs have combined assets under management of US$137 billion and are listed in Australia,Canada,Colombia,Europe,Hong Kong (SAR),India,Japan,Korea,Vietnam,the United Kingdom,and the United States.[3]
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade,our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features over 384 ETF strategies and over $92 billion in assets under management.[4] While we are distinguished for our Thematic Growth,Income,and International Access ETFs,we also offer Core,Commodity,and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group,a global leader in financial services,has a presence in 19 global markets and the group's managed assets exceed US$606 billion in assets under management worldwide.[5]
Mirae Asset Global Investments Hong Kong: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong: www.globalxetfs.com.hk
Important Information
Global X India Sector Leader Active ETF
Investors should not base investment decisions on this document alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Global X India Sector Leader ActiveETF (the "Fund")'s investment objective is to achieve long term capital growth by primarily investing in equities and equity-related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in India.
The Fund will invest primarily (i.e. at least 70% of its net asset value (the "Net Asset Value") in equities and equity-related securities (such as common shares,preferred stock as well as American depositary receipts ("ADRs"),global depositary receipts ("GDRs") and participation notes) of sector leading companies domiciled in or exercising a large portion of their economic activities (e.g.,having investments,production activities,trading or other business interests) in India.
The Fund employs an actively managed investment strategy. The Fund does not seek to track any index or benchmark,and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager's selection of investments,and/or the implementation of processes which may cause the Fund to underperform as compared to other index tracking funds with a similar objective.
The Fund's investment in equity securities is subject to general market risks,whose value may fluctuate due to various factors,such as changes in investment sentiment,political and economic conditions and issuer-specific factors.
The Fund is an FPI registered with the SEBI. The applicable laws,rules and guidelines on FPI impose limits on the ability of FPI to acquire shares in certain Indian issuers from time to time and are subject to change. This may also adversely affect the performance of the Fund.
The FPI status of the Sub-Fund may be revoked by the SEBI under certain circumstances. In the event the Fund's registration as an FPI is cancelled,revoked,terminated or not renewed,this would adversely impact the ability of the Fund to make further investments,or to hold and dispose of existing investment in Indian securities. The Fund may be required to liquidate all holdings in Indian securities acquired by the Fund as an FPI. Such liquidation may have to be undertaken at a substantial discount and the Fund may suffer significant/substantial losses.
The Fund's investments are concentrated in securities in India. The value of the Fund may be more susceptible to adverse economic,political,policy,foreign exchange,liquidity,tax,legal or regulatory event affecting the Indian market.
High market volatility and potential settlement difficulties in the equity market in India may result in significant fluctuations in the prices of the securities traded on such market and thereby may adversely affect the value of the Fund. The BSE has the right to suspend trading in any security traded thereon. The Indian government or the regulators in India may also implement policies that may affect the Indian financial markets. There can be no assurance that the Indian government will not impose restrictions on foreign exchange and the repatriation of capital.
The taxation of income and capital gains in India is subject to the fiscal law of India. The tax rate in respect of capital gains derived by an FPI on transfer of securities will vary depending upon various factors. Any increased tax liabilities on the Fund may adversely affect the Net Asset Value of the Fund. For details,please refer to the section headed "Taxation in India" in the Prospectus. Any shortfall between the provision and the actual tax liabilities,which will be debited from the assets of the Fund,will adversely affect its Net Asset Value.
Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition,the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund's ability in meeting delivery or payment obligations from realisation requests.
The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore,the Units may trade at a substantial premium or discount to the Fund's Net Asset Value.
Investors should note that where a unitholder holds Listed Class of Units traded under the USD counter,the relevant unitholder will only receive distributions in HKD and not USD.
Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
Global X Emerging Markets Asia Active ETF
Investors should not base investment decisions on this document alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Global X Emerging Markets Asia ActiveETF (the "Fund")'s investment objective is to achieve long term capital growth by primarily investing in equities and equity-related securities of companies domiciled in or exercising a large portion of their economic activities in emerging markets in Asia.
The Fund will invest primarily (i.e. at least 70% of its net asset value (the "Net Asset Value") in equities and equity-related securities (such as common shares,global depositary receipts ("GDRs") and participation notes) of companies domiciled in or exercising a large portion of their economic activities (e.g.,trading or other business interests) in emerging markets in Asia,such as India,Indonesia,Malaysia,Philippines,Taiwan and Thailand,Bangladesh,Pakistan and Sri Lanka,but excluding Mainland China.
The Fund employs an actively managed investment strategy. The Fund does not seek to track any index or benchmark,political and economic conditions and issuer-specific factors.
The Fund invests in the emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets,such as liquidity risks,currency risks/control,political and economic uncertainties,legal and taxation risks,settlement risks,custody risk and the likelihood of a high degree of volatility.
The Fund may invest in stocks of small-capitalisation/mid-capitalisation companies. The stock of small-capitalisation/mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.
Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition,the relevant unitholder will only receive distributions in HKD and not USD.
Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
Disclaimer
This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation,offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice,legal,tax or other regulated services.
Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views,opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results,performance or events may differ materially from those in such statements.
Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision,investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.
Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited ("MAGIHK") are reliable,but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.
Products,services and information may not be available in your jurisdiction and may be offered by affiliates,subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction.
This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1,4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form,or referred to in any other publication,without express written permission of MAGIHK.
Copyright © 2024 Mirae Asset Global Investments. All rights reserved.
[1] Source: Mirae Asset Global Investments,Sep 30,2024.
[2]Source: Mirae Asset Global Investments,2024.
[3]Source: Mirae Asset Global Investments,2024.
[4]Source: Mirae Asset Global Investments,2024.
[5]Source: Mirae Asset Financial Group,Jun 30,2024.