South Korean-based fund manager, Mirae Asset, is looking to extend its fund range to Hong Kong after making two of its regional active funds available to investors there.
The Mirae Asset Asia Growth Equity fund launched in 2015 and the Mirae Asset China Growth fund, launched in 2014.
The China-focused fund will target the growth prospects of China companies while its Asia counterpart will look to exploit thematic investment opportunities in the region with high exposure to the information technology and renewable energy sectors.
The Asia fund’s exposure will be split on a 60:40 ratio between Chinese and non-Chinese companies in order to balance the China opportunity risk.
“With China and Asia offering attractive returns and growing opportunities, we believe our on-the-ground presence in Asia provides unparalleled expertise to capture and identify investment ideas early,” said JH Rhee, chief executive of Mirae Asset Global Investments (HK).
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