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.