Mirae Asset’s Emerging Markets Great Consumer Fund (MICGX) Celebrates 10-Year Anniversary & 5-Star Morningstar Rating
The Fund maintains a 5-Star Morningstar Rating in the Diversified Emerging Markets Category for the overall, 3-, 5-, 10-year periods out of 695, 695, 590, and 264 funds based on risk-adjusted returns as of September 30, 2020.
NEW YORK, September 30, 2020 — Mirae Asset Global Investments (“Mirae Asset”), one of the world’s largest investment managers in emerging market equities[1], is proud to announce that the Mirae Asset Emerging Markets Great Consumer® Fund (MICGX) has achieved its 10-year track record as of September 24, 2020. On top of this, since the Fund’s inception on September 24, 2010, it has delivered attractive risk-adjusted returns outperforming its benchmark and the Morningstar Diversified Emerging Markets Category as of September 30, 2020.
In the US, the consumption activity of the “Baby Boomer” generation was a key driver of growth – which propelled us to become the world’s largest economy. Today, another middle class “boom” is occurring in the emerging markets. The rising number of consumers in the emerging markets is set to transform the global economic landscape over the coming decades. Mirae Asset’s Great Consumer® investment strategy seeks to identify those high-quality companies that may capitalize on this new and growing consumer base.
“Ten years ago, we brought innovation to the asset class, launching a product providing investors with exposure to the consumer growth story in emerging markets,” said Joon Hyuk Heo, CEO of Mirae Asset Global Investments (USA). “We are encouraged to see that Mirae Asset’s dedication to our rigorous investment process, local due diligence, and a concentrated portfolio has delivered positive returns for our investors since the inception of the Fund and look forward to future achievements.” Please note, historical results are not an indication of future performance.
As of September 30, 2020, on a total-return basis, the Emerging Markets Great Consumer Fund’s performance places it in the top 1% of the Morningstar Diversified Emerging Markets Category (1 of 263 funds) since inception. For the 1-, 3-, 5-, 10-year periods MICGX was ranked 17 of 791, 5 of 695, 13 of 590, 1 of 265 funds respectively in the Diversified Emerging Markets category based on total return as of September 30, 2020.
Fund Overview
Mirae Asset’s Emerging Markets Great Consumer® Fund focuses on identifying companies with high-quality management teams and business models that may benefit from secular growth in domestic spending across emerging markets. Our investment strategy utilizes a fundamental, bottom-up approach to invest in companies that may benefit from such enduring trends and which have shown to possess sustainable competitive advantages. We believe that opportunities for the Great Consumer® strategy remain strong. The Fund seeks to achieve long-term capital growth.
About Mirae Asset Global Investments
Mirae Asset Global Investments was founded in Asia in 1997 and has expanded its presence across 12 countries. Mirae Asset Global Investments is recognized as one of the world’s largest emerging market equity investment managers. As of September 30, 2020, we have over $161 billion in total assets under management, giving us the scale and experience to identify opportunities in a changing world. We offer a fully diversified investment platform to clients around the world. Powered by a unique perspective and the expertise of our 207 global investment professionals, as of September 30, 2020, we adapt to our clients’ evolving needs, providing them with innovative investment options with the aim to achieve their investment objectives. Our roots are firmly embedded in the dynamic and strategically important markets in which we invest. Our in-market presence – combined with our research-intensive, bottom-up investment process – positions our investment teams to see opportunities with the insight and conviction that drive success.