From
Send to

Mirae Asset sees stable gains in Global Discovery Fund

May 28, 2015 - 19:50 By Korea Herald
Mirae Asset’s Global Discovery Fund has seen inflows of more than $800 million since the beginning of the year, the Korean asset management firm said Thursday.

As of May 26, Mirae Asset Global Investments achieved a stable gains rate in Mirae Asset Global Discovery Fund, one of its Societe d’Investissement a Capital Variable Funds, or simply SICAV, based in Luxembourg.

The company attributed its performance to the 20 percent range gains rate among its Asia funds, one of the 14 SICAV funds that it operates in 27 countries worldwide.

Mirae Asset Global Discovery Fund’s net asset value is slightly over $1,841 million, as of May 21.

The Mirae Asset Asia Great Consumer Fund, which invests $780 million in the rising Asian commodities industries, reaped considerably high mid- and long-term yield at a 24.15 percent yearly gain and 63.49 percent three-year gain.

“Mirae Asset Asia Sector Leader Fund” invests $600 million in Asia’s top-ranked companies, boasted a 17.71 percent yearly gain.

Mirae Asset ― the first Korean asset manager to go global ― launched its overseas operation in Hong Kong in 2003. As of April this year, the company globally managed about 86 trillion won ($79.8 billion) in 12 countries, including the U.S., China, India, the U.K., Brazil and Colombia.

By Chung Joo-won (joowonc@heraldcorp.com)