Mirae launches Asia Growth fund

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Mirae Asset Global Investments has launched a Luxembourg based Sicav called Asia Growth Equity fund, which will invest in Asia ex-Japan.

The portfolio will target companies considered to be in a high growth phase, which look set to enjoy share price re-ratings, which is expected to result in a bias towards SME companies in sectors such as consumer, healthcare and e-commerce.

Portfolio manager will be Sung Ho Im, based in Hong Kong. The Sicav fund will use a bottom up approach to selecting holdings. The new fund is intended to complement Mirae’s existing Asia Great Consumer and Asia Sector Leader Sicav funds.

Mirae recently reported a doubling of AUM in its European Sicav range over the past year.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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