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Mirae Asset Asia Great Consumer Equity Fund

I EUR

as of 10/29/21

Investors should not base on this document alone to make investment decision. Please refer to the Hong Kong offering documents for details including the product features and the risk factors. Investment involves risks. There is no guarantee of the repayment of principal. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you. Investor should note:
Mirae Asset Asia Great Consumer Equity Fund (the “Fund”) mainly invests in equities and equity-related securities of Asian companies which are expected to benefit from growing consumption activities of Asian region, excluding Japan.
The Fund invests in emerging markets that should be regarded as having higher political, regulatory, volatility, liquidity, economic and foreign currency risks than a fund which invests in developed markets.
The Fund invests mainly in single geographical region (i.e. Asia ex Japan region) or specific sector should be regarded as having higher concentration risk and is more volatile than a fund following a more diversified policy.
The investment returns are denominated in Euro. US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar/Euro exchange rate.
The expected maximum level of leverage arising from the use of financial derivative instruments calculated using the commitment approach is 100% of the sub-fund’s NAV.

Fund Objective

The primary objective of the sub-fund is to achieve long term growth in the share price through capital appreciation of the underlying equity portfolio.The Principal Investment Manager will seek to achieve the objective of the sub-fund by investing mainly in equities and equity related securities of Asian companies which are expected to benefit from growing consumption activities in the Asian region, excluding Japan.

Key Features

Long-term and Sustainable Trend

Great consumer is a long-term and sustainable trend in Asia, created by the increasing purchasing power of the rising middle class.

Beyond a Traditional Consumer Play

We aim to capture shifts in consumption patterns in addition to Asia consumer’s growing wallets.

Bottom-up, High Conviction Portfolio

Mirae Asset takes a long-term approach with a concentrated high conviction portfolio of quality focused stocks.

Fund Prices

As of 01/12/2021
Total Fund Size (USD million)1,795.26
Net Asset Value per Share (EUR)14.67
Daily Change (%)0.82%

Peformance Chart

Cumulative

Fund NAVBenchmark
1 Month-0.81%-1.01%
3 Months-5.35%-1.61%
6 Months-7.97%-4.50%
YTD-7.09%2.78%
1 Year-2.52%6.82%
3 Years53.29%37.58%
5 Years76.32%58.63%
Since Inception69.99%69.68%

Calendar Year Return %

Fund NAVBenchmark
202027.60%15.10%
201932.87%20.87%
2018-12.99%-9.84%
201734.76%24.65%
2016-8.42%8.96%
2015-0.12%-3.12%
2014--
2013--
2012--
2011--

Where no past performance is shown there was insufficient data available to provide performance.

Compositions

As of 29/10/2021
NameFundBenchmarkWeights
Fund
Benchmark
China48.4%39.60%
Korea19.1%13.90%
India17.7%13.70%
Indonesia5.8%1.70%
Taiwan2.6%16.80%
Singapore1.9%2.90%
Philippines1%0.80%
Thailand0.9%1.90%
Malaysia0.8%1.50%
Cash1.8%0.00%
Others0%7.30%
Compositions are subject to change.
NameFund (%)
Li Ning Company Limited9.2%
BYD Company Limited Class H8.4%
HDFC Bank Limited6.4%
NAVER Corp.5.4%
China Tourism Group Duty Free Corporation Limited Class A5.2%
Kakao Corp.5.1%
Alibaba Group Holding Ltd.4.7%
PT Bank Central Asia Tbk4.5%
Midea Group Co. Ltd. Class A3.4%
Tencent Holdings Ltd.3.1%
Holdings are subject to change.

Fund Managers

Lead Portfolio Manager

Joohee An

Senior Portfolio Manager

Co-Portfolio Manager

Sol Ahn, CFA

Senior Investment Analyst − Consumer Discretionary (excl. Auto)

Key Facts

BenchmarkMSCI AC Asia ex Japan Index
Fund StructureLuxembourg SICAV with an UCITS status
Morningstar Category TMAsia ex-Japan Equity
ISIN CodeLU0593849028
Bloomberg TickerMASGCEI LX
Currency of the Share ClassEUR
Other Dealing CurrenciesUSD, GBP, SGD, CHF
Fund Launch Date07/06/2011
Share Class Launch Date19/01/2015
ValuationDaily

Subscription Details

Management Fee1.00% p.a.
Min Initial Investment1,000,000
Min Subsequent InvestmentNone

Source: FactSet, Bloomberg and Mirae Asset Global Investment (Hong Kong) Limited.

All performance numbers are net of fees, NAV to NAV, in EUR, and with dividends reinvested.

Fund: The fund inception date was on 7 June 2011 whilst Class I (EUR) was launched on 19 January 2015.

The fund performance information is based on Class I which is for professional or qualified investors only. The returns may not be the same as Class A which is for retail investors.

The calendar year return % show by how much the Fund increased or decreased in value during the calendar year being shown. Where no past performance is shown there was insufficient data available in that year to provide performance.

Benchmark: MSCI AC Asia ex Japan Index. The benchmark is a gross return index that includes reinvestment of dividends/income.

Source and Copyright: Citywire. Joohee An is [AA ] rated by Citywire for his/her rolling 3 year risk-adjusted performance, for the period November 2018 to November 2021.

© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Rating as of 29 Oct 2021.

Certain information contained in this page is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”) has, to the best of its endeavor, ensured that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability what so ever for the accuracy of such information or any use or reliance thereof. Mirae Asset HK accepts no liability for any loss or damage of any kind resulting out of the unauthorised use of this page. The information contained in this page is for information purposes only and does not constitute any recommendation, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction.

Mirae Asset Asia Great Consumer Equity Fund is a sub fund of Mirae Asset Global Discovery Fund (Company), a Luxembourg SICAV. Investment involves risk. It cannot be guaranteed that the performance of the Fund will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance. Before making any investment decision to invest in the Fund, investors should read the Prospectus and the Information for Hong Kong Investors for details and the risk factors. Investors should ensure they fully understand the risks associated with the Fund and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments. References to particular sectors, securities or companies are for general information and illustrative purposes only and are not recommendations to buy or sell a security or an indication of Mirae Asset HK’s holdings at any one time.

This page is issued by Mirae Asset HK and has not been reviewed by the Securities and Futures Commission.

ADDRESS

  • Unit 1101, 11/F, Lee Garden Three, 1 Sunning Road, Hong Kong

TEL

  • 2295 1500

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