MIRAE ASSET GLOBAL INVESTMENTS (USA) ANNOUNCES 5-YEAR FUND TRACK RECORDS

Emerging Markets Great Consumer Fund Receives Overall 5-Star Morningstar Rating

 

NEW YORK, October 6, 2015 – Mirae Asset Global Investments (USA) LLC ("Mirae Asset USA"), one of the world's largest investment managers in emerging markets1, today announced the completion of five-year tracks record for four of the firm's actively managed funds. 

Mirae Asset Fund

As of 9/30/2015 (Class I shares)

Symbol

Morningstar "Overall" Rating2

Morningstar Category

Funds in Category

Emerging Markets Great Consumer Fund

MICGX

★★★★★

Diversified Emerging Mkts

561

Emerging Markets Fund

MILGX

★★★

Diversified Emerging Mkts

561

Asia Great Consumer Fund

MGCIX

★★★★

Pacific/Asia Ex-Japan

79

Asia Fund

MILAX

★★★★

Pacific/Asia Ex-Japan

79

Ratings are based on risk adjusted total returns. The overall Morningstar Rating for a Fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (where applicable) Morningstar metrics. See below for Morningstar Ratings for 3-Year and 5-Year periods.

 

The four funds noted above began trading on September 24, 2010 and were the first mutual funds launched by Mirae Asset USA. These funds utilize an investment process focused on identifying companies with sustainable competitive advantages through fundamental analysis, with a special focus on the secular theme of rising consumption in the emerging markets.

“Five years ago, Mirae Asset USA expanded the options available to US fund investors with a truly differentiated product set,” says Peter Graham, CEO of Mirae Asset USA. “The Funds' notable recognition from Morningstar reflects our commitment to providing US investors and advisors with the bottom-up, fundamental investment expertise of our teams in Asia and in the U.S.”

In the years following Mirae Asset USA’s launch, the firm has added to its suite of US mutual funds, expanding its fund lineup to encompass global equity and global fixed income strategies. Mirae Asset has made strides into multiple distribution channels in the United States, with a special focus on wirehouses. Most recently, the firm expanded its US sales team to support increasing demand for its mutual funds.

Mirae Asset USA manages over $5 billion (as of August 31, 2015) in global equity, emerging market equity and global fixed income assets. As part of Mirae Asset Financial Group, a diversified financial services company based in Asia, Mirae Asset USA delivers the organization's asset management capability to institutional and retail investors in the United States.

###

 

Risk: There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.

 

Emerging Markets Risk — The risks of foreign investments are typically greater in less developed countries, which are sometimes referred to as emerging markets. For example, political, legal, and economic structures in these countries may be changing rapidly, which can cause instability and greater risk of loss. These countries are also more likely to experience higher levels of inflation, deflation or currency devaluation, which could hurt their economies and securities markets. For these and other reasons, investments in emerging markets are often considered speculative. Similarly, investors are also subject to foreign securities risks including, but not limited to, the fact that foreign investments may be subject to different and in some circumstances less stringent regulatory and disclosure standards than U.S. investments.

 

Equity Risk - equity investments are more volatile and carry more risk than other forms of investment including investments in high grade fixed income securities.

 

Geographic Concentration Risk  - A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.

 

Mirae Asset Fund

As of 9/30/2015 (Class I shares)

Symbol

Morningstar "3-Year" Rating2

Morningstar Category

Funds in Category

Emerging Markets Great Consumer Fund

MICGX

★★★★

Diversified Emerging Mkts

561

Emerging Markets Fund

MILGX

★★★★

Diversified Emerging Mkts

561

Asia Great Consumer Fund

MGCIX

★★★★★

Pacific/Asia Ex-Japan

79

Asia Fund

MILAX

★★★★★

Pacific/Asia Ex-Japan

79

Ratings are based on risk adjusted total returns. The overall Morningstar Rating for a Fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (where applicable) Morningstar metrics.

 

Mirae Asset Fund

As of 9/30/2015 (Class I shares)

Symbol

Morningstar "5-Year" Rating2

Morningstar Category

Funds in Category

Emerging Markets Great Consumer Fund

MICGX

★★★★

Diversified Emerging Mkts

376

Emerging Markets Fund

MILGX

★★★

Diversified Emerging Mkts

376

Asia Great Consumer Fund

MGCIX

★★★★

Pacific/Asia Ex-Japan

47

Asia Fund

MILAX

★★★★

Pacific/Asia Ex-Japan

47

Ratings are based on risk adjusted total returns. The overall Morningstar Rating for a Fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (where applicable) Morningstar metrics.

 

 

1. Source: Investment & Pensions Europe, January 2014

 

2. Morningstar Ratings - Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.  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-if applicable), 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.  ©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.

 

 

An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing.  This and other important information about the investment company can be found in the Fund’s prospectus.  To obtain a prospectus, contact your financial advisor or call (888) 335-3417.  Please read the prospectus carefully before investing.

 

 

Mirae Asset Global Investments (USA) LLC is the investment advisor for the Mirae Asset Discovery Funds.  The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.

 

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

 

PRESS CONTACT:

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Jon Brubaker
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