Mirae Asset’s Emerging Markets Great Consumer Fund (MICGX) Celebrates $1 Billion Milestone
The Fund Achieves $1 Billion AUM & 10-Year Track Record
NEW YORK, November 11, 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 has surpassed $1 billion in total assets as of November 11, 2020. The Fund launched on September 24, 2010, bringing innovation to the asset class by providing investors with exposure to the consumer growth story in emerging markets.
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.
“We are proud of yet another important milestone for our firm, having celebrated the Fund’s 10-year track record in September,” said Joon Hyuk Heo, CEO of Mirae Asset Global Investments (USA). “This achievement is attributable to the investors who believe in our fundamental investment process, local due diligence, and the expertise of our investment team led by co-portfolio managers Malcolm Dorson and Joohee An. We look forward to celebrating future successes together.”
Learn More about the Mirae Asset Emerging Markets Great Consumer Fund
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.*
Additional Information about Mirae Asset Global Investments (USA)