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Mirae Asset Asia Sector Leader Equity Fund


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 Sector Leader Equity Fund (the “Fund”) mainly invests in equities and equity-related securities of sector leading companies which are domiciled in or exercising a large portion of their business activity in countries of Asia (ex. Japan) but additional opportunities are also sought, whenever laws or regulations in other emerging market in Asia allowing the Fund to invest in their markets or exchanges.
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) 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 sector leading companies domiciled in or exer-cising a large portion of their economic activity in countries of Asia (ex. Japan) and the emerging market in Asia.

Key Features

Investing in Industry Leaders

Focus on existing and emerging industry leaders with sustainable and competitive business models and strong execution.

Risk Aware, High Quality

Best-in-class risk-return profile with top quartile performance, Information, Sharpe and downside capture ratios.

Bottom-up, High Conviction Portfolio

Concentrated high conviction portfolio of quality focused stocks. Team-based investment approach supported by on-the-ground research throughout Asia.

Fund Prices

As of 01/12/2021
Total Fund Size (USD million)295.05
Net Asset Value per Share (EUR)14.29
Daily Change (%)1.28%

Peformance Chart


Fund NAVBenchmark
1 Month-2.66%-1.01%
3 Months-0.49%-1.61%
6 Months-0.97%-4.50%
1 Year14.69%6.82%
3 Years53.66%37.58%
5 Years62.39%58.63%
Since Inception79.30%85.38%

Calendar Year Return %

Fund NAVBenchmark

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


As of 29/10/2021
Hong Kong7.3%7.30%
Compositions are subject to change.
NameFund (%)
ICICI Bank Limited6.2%
Meituan Class B4.3%
Taiwan Semiconductor Manufacturing Co., Ltd.3.9%
Samsung Electronics Co., Ltd.3.2%
Tencent Holdings Ltd.3.2%
IHH Healthcare Bhd.3.2%
Alibaba Group Holding Ltd.2.9%
Vietnam Technological & Commercial Joint Stock Bank2.8%
LG Chem Ltd.2.7%
Hyundai Motor Company2.5%
Holdings are subject to change.

Fund Managers

Lead Portfolio Manager

Rahul Chadha

Chief Investment Officer

Co-Portfolio Manager

Phil S. LEE

Head of AP Research

Key Facts

BenchmarkMSCI AC Asia ex Japan Index
Fund StructureLuxembourg SICAV with an UCITS status
Morningstar Category TMAsia ex-Japan Equity
ISIN CodeLU0336299580
Bloomberg TickerMIASLEA LX
Currency of the Share ClassEUR
Other Dealing CurrenciesGBP, USD
Fund Launch Date23/05/2012
Share Class Launch Date06/10/2014

Subscription Details

Management Fee1.5% p.a.
Min Initial InvestmentEUR 2,500
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 23 May 2012 whilst Class A (EUR) was launched on 6 October 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.

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

Source and Copyright: Citywire. Rahul Chadha is [A ] rated by Citywire for his/her rolling 3 year risk-adjusted performance, for the period November 2018 to November 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 Sector Leader 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.


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