Mirae Asset Global Investments (HK) has launched the Mirae Asset Asia Pacific multi-asset income fund, which aims to achieve income and capital appreciation through multi-asset investments focused on the Asia Pacific region.
As a sub-fund of the Mirae Asset Global Discovery Fund Sicav, a Luxembourg-domiciled Ucits, Mirae Asset Global Investments (HK) plans to register it for public distribution in selected jurisdictions in Asia and Europe.
The fund’s portfolio comprises three portions.
Adopting quantitative analysis, the first portion is an asset allocation core which aims to set out an optimal medium-to-long-term multi-asset mix for achieving growth and generating income.
The second portion is a tactical layer capturing investment opportunities through individual stocks and bonds as an enhancement to the exposure expressed in the core portion.
The third portion of the fund manages the risk exposures of the fund on a holistic level, and seeks to mitigate risks and dampen the volatility of the portfolio.
The principal investment manager of the fund is Mirae Asset Global Investments (HK) and the investment manager is MAPS Capital Management Limited, an alternative investments entity affiliated with Mirae Asset Global Investments Group. The fund is co-managed by Tin Wong and Curtis Yuen of MAPS Capital Management Limited.
Wong said: “The search for yield prevails amid the current demographic environment. The fund aims to offer stable income and returns through our own quantitative investment models and to generate additional income by investing in individual stocks and bonds. We believe our strategy is well-positioned in generating income when markets are volatile.”
Yuen added, “Diversification, through investing into streams of uncorrelated risk premia, is important for consistent growth, income generation, and drawdown mitigation. The rapid transformation undertaken in Asia over the past decades has opened up many attractive investment channels and significantly expanded the risk opportunity set. We think the environment for multi-asset investing in the region is ripe. Investors looking to capture these potentials shall consider a multi-asset investment approach. ”
Jung Ho Rhee, president and chief executive officer of Mirae Asset Global Investments (HK) said: “We are pleased to launch Mirae Asset Asia Pacific multi-asset income fund which seeks to capture the long-term growth story in Asia Pacific. Combining the fund’s disciplined investment methodology and our firm’s on-the-ground investment expertise in Asia, we are confident that the fund will seize growth potential in the region.”