Emerging Markets Great Consumer Fund Celebrates $1 Billion Milestone

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)

[1] Investment & Pensions Europe, September 2019

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

©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts)  with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance does not guarantee future results.

Morningstar ranking/number of funds in category displays the Fund's actual rank within its Morningstar Category based on average annual total return and number of funds in that Category. The returns assume reinvestment of dividends and do not reflect any applicable sales charge. Absent expense limitation, total return would be less. Morningstar percentile rankings are the Fund's total return rank relative to all the funds in the same Morningstar Category, where 1 is the highest percentile rank and 100 is the lowest percentile rank.

Market Turbulence Resulting from Covid-19 – The outbreak of Covid-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of Covid-19 is currently unknown, and it may exacerbate other risks that apply to the Fund.

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, legal, political 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 US investments.

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.

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.

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 or summary prospectus. To obtain a prospectus or a summary prospectus, please call (877) 647-2301. Please read the prospectus carefully before investing.

The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.  Copyright © 2020 by Mirae Asset Global Investments (USA) LLC. All rights reserved.