Mirae Asset Global Investments’ Great Consumer Funds
Mark Anniversaries with 5 Star Morningstar Ratings
Emerging Markets Consumption at the Heart of Performance
October 28th, 2014
Emerging Markets Great Consumer Fund - Class I (MICGX), launched by Mirae Asset Global Investments (USA) LLC (“Mirae Asset USA”) in September 2010 marks its fourth anniversary with a 5 star rating from Morningstar, while the firm’s Asia Great Consumer Fund – Class I (MICIX), also launched in September 2010, also received a 5 star rating.
Based on its overall and three-year risk-adjusted returns through September 30, 2014, Emerging Markets Great Consumer Fund - Class I received a 5 star overall and three year performance rating in the Diversified Emerging Markets category (out of 484 funds). The Fund returned 8.86%, 13.61% and 7.25% (annualized) for the one-year, three-year and since inception periods, respectively. The Fund’s benchmark, the MSCI Emerging Markets NR Index, returned 4.30%, 7.19% and 1.33% for the same periods, respectively.
The Asia Great Consumer Fund – Class I based on its overall and three-year risk-adjusted returns through September 30, 2014, received a 5 star overall rating in the Pacific/Asia ex-Japan category (out of 76 funds). The Fund returned 23.66%, 19.55% and 7.03% (annualized) for the one-year, three-year and since inception periods, respectively. The Fund’s benchmark, the MSCI Asia ex-Japan NR Index, returned 8.24%, 10.89% and 4.29% for the same periods, respectively.
Mirae Asset’s Great Consumer® investment strategy looks beyond the consumer staples and discretionary sectors to invest across a range of industry sectors that may benefit from the new and growing consumer base in the emerging markets. Both the Emerging Markets Great Consumer Fund and Asia Great Consumer Fund employ a highly selective, bottom-up approach in research and stock selection through on-the-ground research from teams located around the world.
The Funds seek to achieve long-term capital growth based on the unique investment opportunities presented by consumption patterns in the emerging markets. Since 2009, Mirae Asset has carefully examined the emerging market consumption phenomenon. Mirae Asset estimates that the number of middle class consumers in emerging markets will reach 1.98 billion by 2020; this is compared to 77 million Baby Boomers in the U.S. – a generation widely acknowledged to have had a profound and lasting impact on both economic output and domestic consumption. In October 2012, Mirae Asset USA registered “Great Consumer®” as a trademark.
The Emerging Markets Great Consumer Fund and Asia Great Consumer Fund are both available through most major wire house firms, independent broker dealers and registered independent advisors.
Mirae Asset USA manages over $4.9 billion in equity and fixed income assets, and Mirae Asset Global Investments Co. Ltd., the parent company, manages over $65 billion globally (as of 9/30/14) and is one of the world’s largest investment managers in emerging market equities (Source: Investment & Pensions Europe, January 2014).
For more information on emerging markets consumption, please visit Mirae Asset USA's website at http://investments.miraeasset.us
Past performance does not guarantee future results. The performance data quoted represent past performance and current returns may be lower or higher. Share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. For periods more than one year, performance is annualized. For performance data as of the most recent month-end please call (888) 335-3417 or visit investments.miraeasset.us. Total expense ratios: Emerging Markets Great Consumer Fund Class I Shares 2.30% (net expense ratios after fee waiver and reimbursement: 1.45%), inception date Class I Shares: 9/24/2010; Asia Great Consumer Fund Class I Shares 2.98% (net expense ratios after fee waiver and reimbursement: 1.45%), inception date Class I Shares: 9/24/2010.
Star ratings are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is a weighted average of the 3-, 5- and 10-year (if applicable) returns. 5 stars = top 10% of funds in an asset category; 4 stars = next 22.5% of funds; 3 stars = next 35%; 2 stars = next 22.5% and 1 star = next 10%. A fund must be in existence three years to be rated. Ratings are subject to change monthly. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2015 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.
Emerging Markets Risk: Emerging Market investing may be subject to additional economic, political, liquidity, and currency risks not associated with more developed countries. All investing involves risk, including the potential loss of principal.
The MSCI Emerging Markets NR Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. An investor cannot invest directly in an index. Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties. The MSCI AC (All Country) Asia ex Japan Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of Asia, excluding Japan. The MSCI AC Asia ex Japan Index consists of the following 10 developed and emerging market country indexes: China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand*.
This press release is neither a solicitation to buy nor an offer to sell securities. An offering can only be made by prospectus, which can be obtained from Mirae Asset Global Investments (USA) LLC.
Mirae Asset Global Investments (USA) LLC is the investment adviser for the Mirae Asset Discovery Funds.
About Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world’s largest investment managers in emerging market equities*. With over 600 employees, of which 123 are dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise from its offices in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the U.S., and Vietnam. The firm manages over $75 billion in assets globally, of which more than $16 billion is invested in emerging market equities (as of 6/30/15). www.miraeasset.us/press
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