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Mirae Asset Asia Growth Equity Fund

I USD

as of 12/31/21

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 Growth Equity Fund (“the Fund”) investing primarily in equities and equity related securities of Asia ex-Japan companies which have strong prospects for future growth from the view of the Principal Investment Manager.
The Sub-Fund invests in emerging markets such as India and China which may involve higher risk 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.
Since the Sub-Fund invests mainly in countries of Asia (ex Japan), its investment is not as diversified as global funds. The Sub-Fund tends to be more volatile than global funds and its portfolio value can be exposed to region specific risks.
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.
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 through capital appreciation, measured in US Dollars, of the underlying equity portfolio. The Principal Investment Manager will seek to invest mainly in equities of Asia ex-Japan companies, including consumer, health care and e-commerce related industries, which have strong prospects for future growth.

Key Features

Global Competitiveness

Low-cost and abundant labour provides Asia with a global competitive edge.

Thematic Investing

Aim to identify the new wave of investment opportunities at an early stage of their evolution, ensuring to gain exposures to these investment opportunities within the portfolio.

On-the-ground Presence in Asia

Our on-the-ground presence in Asia allows us to capture and identify ideas at an early stage, accessing companies and gaining market insights to the leading growth opportunities.

Fund Prices

As of 17/01/2022
Total Fund Size (USD million)306.98
Net Asset Value per Share (USD)21.22
Daily Change (%)0.33%

Peformance Chart

Cumulative

Fund NAVBenchmark
1 Month0.47%3.15%
3 Months-5.81%-1.62%
6 Months-15.19%-6.84%
YTD-0.24%1.53%
1 Year-16.23%-8.27%
3 Years85.98%39.41%
5 Years137.89%68.69%
Since Inception112.20%62.66%

Calendar Year Return %

Fund NAVBenchmark
2021-10.25%-4.46%
202067.60%25.40%
201927.96%18.52%
2018-21.35%-14.12%
201762.62%42.08%
2016-12.82%5.76%
20154.21%-8.90%
2014--
2013--
2012--
2011--

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

Compositions

As of 31/12/2021
NameFundBenchmarkWeights
Fund
Benchmark
China50.3%37.00%
Taiwan14%18.40%
India13.3%14.20%
Korea10.3%14.60%
Indonesia2%1.70%
Hong Kong2%6.90%
Vietnam1.7%0.00%
Singapore1%3.00%
Thailand0%1.90%
Cash5.4%0.00%
Others0%2.40%
Compositions are subject to change.
NameFund (%)
Reliance Industries LimitedNaN%
HDFC Bank LimitedNaN%
LONGi Green Energy Technology Co Ltd Class ANaN%
NAVER Corp.NaN%
Power Grid Corporation of India LimitedNaN%
Samsung Electronics Co., Ltd.NaN%
MediaTek IncNaN%
Alibaba Group Holding Ltd.NaN%
Tencent Holdings Ltd.NaN%
Taiwan Semiconductor Manufacturing Co., Ltd.NaN%
Holdings are subject to change.

Fund Managers

Lead Portfolio Manager

Phil S. LEE

Head of AP Research

Co-Portfolio Manager

Rahul Chadha

Chief Investment Officer

Key Facts

BenchmarkMSCI AC Asia ex Japan Index
Fund StructureLuxembourg SICAV with an UCITS status
Morningstar Category TMAsia ex-Japan Equity
ISIN CodeLU1081214832
Bloomberg TickerMIAGEUI LX
Currency of the Share ClassUSD
Other Dealing CurrenciesEUR
Fund Launch Date06/08/2014
Share Class Launch Date06/08/2014
ValuationDaily

Subscription Details

Management Fee1% p.a.
Min Initial InvestmentUSD 1,000,000
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 USD, and with dividends reinvested.

Fund: The fund inception date was on 6 August 2014 whilst Class I (USD) was launched on 6 August 2014.

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. Phil S. LEE is [AAA ] rated by Citywire for his/her rolling 3 year risk-adjusted performance, for the period December 2018 to December 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 31 Dec 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 Growth 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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