Home > Mutual Funds > All Funds > Asia Great Consumer Fund

Overview

Asia Great Consumer Fund

Objective

The Asia Great Consumer Fund seeks to achieve long-term capital growth.

Fund Description

The Asia Great Consumer Fund seeks to achieve its investment objective by investing its net assets in equity securities (a) of issuers in Asia, excluding Japan, or that are tied economically to Asia, excluding Japan, and (b) of issuers that are expected to be beneficiaries of the "Great Consumer" trend in Asia, excluding Japan.

Investment Strategy and Process

  • Mirae Asset describes the "Great Consumer" effect as the collective market force of rapidly growing consumption in emerging markets.
  • The Great Consumer investment theme is a burgeoning megatrend in emerging markets created by the newfound purchasing power of the rising middle class in emerging market economies.
  • Mirae Asset sees the Great Consumer investment theme as a long-term, sustainable trend that will be driven by population growth, industrialization, urbanization and income expansion across all emerging economies.
  • Mirae Asset seeks investment opportunities beyond the consumer sector by powerful on-the-ground investment teams in emerging markets.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Fund Facts

Asia Great Consumer Fund

As of 03/31/2012

Benchmark
MSCI All Country (AC) Asia ex-Japan Index1
Fund Assets (mm)
$14.6
Number of Holdings
36


1 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. An investor cannot invest directly in an index.

Share Classes

Class
Ticker
CUSIP
Inception Date
A
MGCEX
60462F812
11/04/10
C
MGCCX
60462F796
11/04/10
I
MGCIX
60462F78
09/24/10

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Performance

Asia Great Consumer Fund

Performance as of 04/30/2012

Share Class Ticker Inception Date NAV per Share as of 04/30/2012 *  
Monthly as of 04/30/2012 (%)
Quarterly as of 03/31/2012 (%)
1 Mo
YTD
Since Inception¹
Quarterly
1 Year
Since Inception¹
A MGCEX 11/04/2010 9.56 at NAV 2.77 21.85 -6.36 18.57 -1.30 -8.37
with sales charge -3.14 14.84 -10.46 11.75 -6.97 -12.77
C MGCCX 11/04/2010 9.46 at NAV 2.71 21.56 -7.02 18.35 -2.06 -9.02
with sales charge 1.68 20.34 -7.53 17.17 -3.04 -9.71
I MGCIX 09/24/2010 9.60 at NAV 2.79 21.95 -2.53 18.64 -1.08 -4.43
with sales charge 2.79 21.95 -2.53 18.64 -1.08 -4.43



* NAV (Net Asset Value) has not been adjusted to reflect any applicable sales charge.

1 Annualized.


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 www.miraeasset.com.

The Fund performance is annualized unless the inception date is less than one year. For shares of those Funds that have been in existence for less than one year, cumulative performance is utilized. The Fund performance may not be indicative of the Fund's long-term potential. The Fund's returns will fluctuate over long- and short-term periods. "NAV" is the Fund's Net Asset Value per share and has not been adjusted to reflect any applicable sales charge. Maximum sales charge (load) as a percentage of the offering price (applies to Class A shares only): 5.75%. Maximum deferred sales charge (load) for redemptions within one year of purchase (applies to Class C shares and may apply to certain redemptions of Class A shares): 1.00%.

Mirae Asset Global Investments has contractually agreed at least through August 31, 2012 to limit the fund's expense ratio as described in the prospectus, at which time this arrangement may be terminated, extended or modified. Total expense ratios: Class A 8.55%; Class C 9.32%; Class I 4.57%. (Net expense ratios after fee waiver and reimbursement: Class A 1.80%; Class C 2.55%; Class I 1.55%.)

Portfolio

Asia Great Consumer Fund

Top Ten Holdings as of 03/31/2012

Holdings
Portfolio Weightings (%)
Country
Summarecon Agung Tbk Pt
3.5%
Indonesia
Mitra Adiperkasa Tbk Pt
2.9%
Indonesia
Baidu Inc - Spon Adr
2.8%
China
Prada S.P.A.
2.8%
Hong Kong
Bangkok Dusit Med Service-F
2.8%
Thailand
Hotel Shilla Co Ltd
2.7%
South Korea
China Zhengtong Auto Service
2.6%
China
Sands China Ltd
2.5%
Macau
Indomobil Sukses Internasion
2.4%
Indonesia
Amorepacific Corp
2.3%
South Korea

Country Allocation as of 03/31/2012

Sector Allocation as of 03/31/2012


The portfolio holdings and allocations will change and the information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund's portfolio or that securities sold have not been repurchased.

Growth of $10,000 as of 03/31/2012


A hypothetical $10,000 investment in the fund's Class A shares on 11/4/10 would have been worth $7,388 on 12/31/11. This does not reflect the 5.75% maximum front-end sales load applicable to Class A shares which, if reflected, would have lowered performance. Assumes reinvestment of dividends and capital gains.

Past performance does not guarantee future results.

Performance for the fund's other share classes would vary.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Managers

Asia Great Consumer Fund

Joohee An

Joohee An


Portfolio Manager

Hong Kong

7 years' investment experience

Joohee An is a Portfolio Manager with Mirae Asset Global Investments (Hong Kong), where she manages investments in the Asia region.

She has over seven years of experience in equity research and asset allocation. Prior to joining the Hong Kong office in 2009, Ms. An was based in Seoul where she worked as an Investment Analyst and Portfolio Manager. Before joining Mirae Asset Global Investments in 2006, she was an analyst with LG Securities.

Ms. An received a Bachelor of Business Administration degree from Yonsei University in 2004, and is fluent in Korean.



Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Downloads

Asia Great Consumer Fund

Fund Literature, Documents, and Forms

Fund Literature
Prospectus
Commentary
Factsheet
Documents & Forms
Holdings (recent quarter)
Holdings (Form N-Q)
Annual Report
Seminnual Report
SAI

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Important Information

Risk Factors

EQUITY SECURITIES (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

EMERGING MARKET investing may be subject to additional economic, political, liquidity, and currency risks not associated with more developed countries.

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.



 

You are navigating away from Mirae Asset U.S. site. The website you are about to enter has not been prepared for U.S. persons and has not been reviewed by FINRA or by the Securities and Exchange Commission. The following web page(s) may describe products and services that are not available to investors in the United States and the material shown should not be relied upon by a U.S. investor when evaluating products offered by Mirae Asset Global Investments (USA).
[click to proceed to non-U.S. site]