Mirae Asset Asia Great Consumer Equity Fund
I USD
as of 12/31/21
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Fund Disclosure
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 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 subfund 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.
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.
Total Fund Size (USD million) 1,661.06
Net Asset Value per Share (USD) 21.29
Daily Change (%) -0.75%
Peformance Chart
Fund NAV
1 Month -2.29% 3.15%
3 Months -10.77% -1.62%
YTD -3.67% 1.53%
1 Year -21.55% -8.27%
3 Years 39.06% 39.41%
Since Inception 112.90% 83.45%
Calendar Year Return %
2021 -17.23% -4.46%
2016 -11.21% 5.76%
2013 6.92% 3.33%
Where no past performance is shown there was insufficient data available to provide performance.
GeographySectorMarket Cap
China 48.1% 37.00%
India 19.6% 14.20%
Korea 17.3% 14.60%
Indonesia 6% 1.70%
Taiwan 2.9% 18.40%
Singapore 2.2% 3.00%
Malaysia 1.5% 1.60%
Philippines 1.1% 0.80%
Thailand 0.9% 1.90%
Cash 0.4% 0.00%
Others 0% 6.90%
Compositions are subject to change.
Top 10 Holdings
Fund (%)
LG Household & Health Care Ltd NaN%
Midea Group Co. Ltd. Class A NaN%
Alibaba Group Holding Ltd. NaN%
PT Bank Central Asia Tbk NaN%
China Tourism Group Duty Free Corporation Limited Class A NaN%
Kakao Corp. NaN%
NAVER Corp. NaN%
HDFC Bank Limited NaN%
BYD Company Limited Class H NaN%
Li Ning Company Limited NaN%
Holdings are subject to change.
Joohee An
Senior Portfolio Manager
Joohee An is the lead portfolio manager of the Mirae Asset Asia Great Consumer Equity Fund and has managed the fund since its inception. She is a senior portfolio manager at Mirae Asset Global Investments (Hong Kong) Limited and manages the funds focusing on domestic demand growth in Asia, including the 'Great Consumer' range of products.
Joohee joined the Group in 2006 in Korea, where she was an analyst covering the consumer, health care, telecom & internet and energy sector, etc. at Mirae Asset Global Investments Co., Ltd. She was promoted to portfolio manager shortly afterwards.
In 2009, she was transferred to Mirae Asset Global Investments (Hong Kong) Limited to take up the role of portfolio manager investing in regional Asian markets.
Prior to Mirae Asset Global Investment Group, she started her career at LG Investment & Securities in Seoul, where she worked as an equity analyst from 2004 to 2006.
Joohee holds a BA in Business Administration from Yonsei University, Seoul. She received an award certificate from the Korean Ministry of Strategy and Finance in 2014. She speaks English and Korean.
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Lead Portfolio Manager
Sol Ahn, CFA
Senior Investment Analyst − Consumer Discretionary (excl. Auto)
Sol Ahn is the Co-Portfolio Manager of the Mirae Asset Asia Great Consumer Equity Fund. She is also Senior Investment Analyst in the Asia Pacific Research Team of Mirae Asset Global Investments (Hong Kong) Limited, where she focuses on researching and analysing companies in the Consumer Discretionary sector.
Sol currently runs the Mirae Asset Chindia Consumer Equity Investment Trust and a number of regional consumer equities funds. She was also the investment advisor of the Taiwan-domiciled Mirae Asset Asia New Wealth Fund from 2014 to 2018.
Sol began her career in 2006 as an intern at the Government of Singapore Investment Corporation. In the same year, she joined Mirae Asset Global Investments Co., Ltd. in Seoul, spending a year as Investment Analyst covering the Industrials sector. Before moving to Hong Kong, she worked for the Global Investments Division for two years as an investment analyst supporting portfolio managers with emerging market company and industry research.
Sol holds a Master of Science Degree in Investment Management from the Hong Kong University of Science and Technology and a Bachelor's Degree in Business Administration from Korea University. She is a Chartered Financial Analyst and speaks Korean, Mandarin and English.
Co-Portfolio Manager
Fund Details
Benchmark MSCI AC Asia ex Japan Index
Fund Structure Luxembourg SICAV with an UCITS status
Morningstar Category TM Asia ex-Japan Equity
ISIN Code LU0593848566
Bloomberg Ticker MIRAGCI LX
Currency of the Share Class USD
Other Dealing Currencies EUR, GBP
Fund Launch Date 07/06/2011
Share Class Launch Date 07/06/2011
Valuation Daily
Management Fee 1% p.a.
Min Initial Investment USD 1,000,000
Min Subsequent Investment None
Fund Documents
>> Prospectus (EN)
>> Prospectus (繁)
>> Annual Report
>> Semi-Annual Report
>> KFS (EN)
>> KFS (繁)
Marketing Documents
>> Factsheet (EN)
>> Factsheet (繁)
>> Subscription Form
>> Conversion Form
>> Redemption Form
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 7 June 2011 whilst Class I (USD) was launched on 7 June 2011.
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 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 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.