Mirae Asset Global Investments Mirae Asset Hong Kong
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Mirae Asset Asia Growth Equity Fund

Mirae Asset Asia Growth Equity Fund


Fund Disclosure

Investors should not base on this website 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. Investor should note:@n@n • 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.@n • 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.@n • 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.@n • 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.@n• 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.

Fund PRICES {{ navasofdate }}

Total Fund Size (USD million) {{ masterfundsize | number:2 | manull }}
Net Asset Value per Share (USD) {{ dailynav | number:2 | manull }}
Daily Change (%) {{ dailychangepct | manull }} %

Peformance Chart

Performance {{perfdate}}

Cumulative %

Fund NAV Benchmark
1 Month {{ perf1m | number:2 | manullpct }} {{ bm1m | number:2 | manullpct}}
3 Months {{ perf3m | number:2 | manullpct}} {{ bm3m | number:2 | manullpct }}
6 Months {{ perf6m | number:2 | manullpct}} {{ bm6m | number:2 | manullpct}}
YTD {{ perfytd | number:2 | manullpct }} {{ bmytd | number:2 | manullpct }}
1 Year {{ perf1y | number:2 | manullpct}} {{ bm1y | number:2 | manullpct }}
3 Years {{ perf3y | number:2 | manullpct }} {{ bm3y | number:2 | manullpct}}
5 Years {{ perf5y | number:2 | manullpct }} {{ bm5y | number:2 | manullpct}}
Since Inception {{ perfinception| number:2 | manullpct }} {{ bminception| number:2 | manullpct }}

Calendar Year Return %

Fund NAV Benchmark
2020 {{ perfyearfund | masplitc:0 | mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:0 | mul:100 | number:2 | manullpct }}
2019 {{ perfyearfund | masplitc:1 | mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:1 | mul:100 | number:2 | manullpct }}
2018 {{ perfyearfund | masplitc:2 |mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:2 |mul:100 | number:2 | manullpct }}
2017 {{ perfyearfund | masplitc:3 |mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:3 | mul:100 | number:2 | manullpct }}
2016 {{ perfyearfund | masplitc:4 | mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:4 |mul:100 | number:2 | manullpct }}
2015 {{ perfyearfund | masplitc:5 |mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:5 | mul:100 | number:2 | manullpct }}
2014 {{ perfyearfund | masplitc:6 |mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:6 | mul:100 | number:2 | manullpct }}
2013 {{ perfyearfund | masplitc:7 | mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:7 |mul:100 | number:2 | manullpct }}
2012 {{ perfyearfund | masplitc:8 |mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:8 | mul:100 | number:2 | manullpct }}
2011 {{ perfyearfund | masplitc:9 | mul:100 | number:2 | manullpct }} {{ perfyearbm | masplitc:9 | mul:100 | number:2 | manullpct }}

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

Compositions As of {{ compositionsResultDate | magdate:plocale:true}}

Name Fund Benchmark Weights
Fund Benchmark
{{ x[3] | trim }} {{ x[4] | number:1 }}% {{ x[5] | number:1 }}%
Compositions are subject to change.

Top 10 Holdings As of {{ resultTop10HoldingsDate | magdate:plocale:true }}

Name Fund (%)
{{ x[3] }} {{ x[6] | number:1 }}%
Holdings are subject to change.


Lead Portfolio Manager|Phil S. Lee|Portfolio Manager and Head of AP Research|phil.png|bio-phil-lee:

Co-Portfolio Manager|Rahul Chadha|Co-Portfolio Manager and Chief Investment Officer|rahul.png|bio-rahul:


Benchmark MSCI AC Asia ex Japan Index
Fund Structure Luxembourg SICAV with an UCITS status
Morningstar Category TMt Asia ex-Japan Equity
ISIN Code LU1081214832
Bloomberg Ticker MIAGEUI LX
Currency of the Share Class USD
Other Dealing Currencies EUR
Fund Launch Date {{ fundlaunchdate | magdate:plocale:true }}
Share Class Launch Date {{ shareclasslaunchdate | magdate:plocale:true }}
Valuation Daily


Management Fee 1% p.a.
Min Initial Investment USD 1,000,000
Min Subsequent Investment None

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 7 August 2014. 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. 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. 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 rolling 3 year risk-adjusted performance, for the period July 2018 to July 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 30 June 2021.

Certain information contained in this document 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 document. The information contained in this document 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.@nMirae 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.@nThis document is issued by Mirae Asset HK and has not been reviewed by the Securities and Futures Commission.