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Mirae Asset Asia Great Consumer Equity Fund

A USD

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 com-panies 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 16/08/2022
Total Fund Size (USD million)1,020.04
Net Asset Value per Share (USD)16.28
Daily Change (%)-1.27%

Peformance Chart

Cumulative

Fund NAVBenchmark
1 Month2.51%3.76%
3 Months3.16%0.35%
6 Months-17.56%-15.77%
YTD-21.74%-15.87%
1 Year-28.24%-16.86%
3 Years-16.13%
5 Years8.72%13.10%
Since Inception63.40%52.01%

Calendar Year Return %

Fund NAVBenchmark
202138.70%25.40%
202029.65%18.52%
2019-17.35%-14.12%
201852.05%42.08%
2017-11.65%5.76%
2016-3.35%-8.90%
201518.17%5.11%
20146.31%3.33%
201327.25%22.70%
2012-17.80%-18.76%
2011--

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

Compositions

As of 30/06/2022
NameFundBenchmarkWeights
Fund
Benchmark
China52.8%39.40%
India18%14.20%
Thailand9.1%2.10%
Indonesia6.8%2.00%
Korea5.9%12.50%
Philippines2.5%0.80%
Malaysia2%1.60%
Singapore1.2%3.40%
Taiwan0%16.20%
Others0%7.80%
Cash1.7%0.00%
Compositions are subject to change.
NameFund (%)
PT Bank Central Asia Tbk3.4%
HDFC Bank Limited3.4%
Midea Group Co. Ltd. Class A3.4%
Reliance Industries Limited4.1%
Meituan Class B4.4%
XPeng, Inc. Class A4.4%
China Tourism Group Duty Free Corporation Limited Class A4.6%
Alibaba Group Holding Ltd.7.3%
BYD Company Limited Class H9%
Li Ning Company Limited9.5%
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 StructureSICAV (UCITS V)
Morningstar Category TMAsia ex-Japan Equity
ISIN CodeLU0593848301
Bloomberg TickerMIRAGCA LX
Currency of the Share ClassUSD
Other Dealing CurrenciesEUR, GBP
Fund Launch Date07/06/2011
Share Class Launch Date07/06/2011
ValuationDaily

Subscription Details

Management Fee1.5% p.a.
Min Initial InvestmentUSD 2,500

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 A (USD) was launched on 7 June 2011.

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.

The Fund is a sub fund of Mirae Asset Global Discovery Fund (the Company) a société d’investissement à capital variable (SICAV) domiciled in Luxembourg structured as an umbrella with a number of sub funds. The value of shares in the Fund may fall as well as rise and investors may not get back the amount originally invested. Past performance is not indicative of future performance. If investing in foreign currencies, the return in the investor’s reference currency may increase or decrease as a result of currency fluctuations. The Company is a Luxembourg registered UCITS, recognized in the UK under section 264 of the Financial Services and Markets Act 2000. Compensation from the UK Financial Services Compensation Scheme will not be available in respect of the Fund. This website has been prepared for marketing, presentation, illustration and discussion purposes only. The views and opinions contained in this website are those of Mirae Asset Global Investments (HK) Ltd., which are subject to change without notice and should not be construed as investment or taxation advice. The provision of this document does not constitute or form part of any offer or recommendation to issue, buy or sell, or any solicitation of any offer to subscribe for or purchase any shares nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, any contract thereof. Nothing in this document shall be construed as advice.

The data in this website comes partially from third-party sources and as a result the accuracy, completeness or correctness of the information contained in this publication is not guaranteed, and third party data is provided without any warranties of any kind. Neither Mirae Asset Global Investments (UK) Ltd. nor Mirae Asset Global Investments (HK) Ltd. shall have any liability in connection with third party data. This website does not explain all the risks involved in investing in the Fund and therefore you should ensure that you read the Prospectus and the Key Investor Information Documents (“KIID”) which contain further information including the applicable risk warnings. The taxation position affecting UK investors is outlined in the Prospectus. The Prospectus and KIID for the Fund are available free of charge from http:// investments.miraeasset.eu, or from Mirae Asset Global Investments (UK) Ltd., 4th Floor, 4-6 Royal Exchange Buildings, London EC3V 3NL, United Kingdom, telephone +44 (0) 20 7715 9900. This website has been approved for issue in the United Kingdom by Mirae Asset Global Investments (UK) Ltd, a company incorporated in England & Wales with registered number 06044802, and having its registered office at 4th Floor, 4-6 Royal Exchange Buildings, London EC3V 3NL, United Kingdom. Mirae Asset Global Investments (UK) Ltd. is authorised and regulated by the Financial Conduct Authority with firm reference number 467535.

ADDRESS

  • Octagon Point, 5 Cheapside, London EC2V 6AA

TEL

  • 44-020-7715-9900

Mirae Asset Global Investments (UK) Limited. Registered in England and Wales. Registered Number 6044802. Registered Office: Octagon Point, 5 Cheapside, London EC2V 6AA, UK. Mirae Asset Global Investments (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA). FRN: 46753

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