Posted inHong Kong

Mirae Asset (HK) launches three new ETFs

They include Hong Kong’s first actively managed Asia equities ETF.
Wooden cubes with blue letters forming the word ETFS (Exchange Traded Funds) on dollar bills on a table. Investment concept photo.

The three new ETFs launched by Mirae Asset Global Investments (Hong Kong) are the Global X FinTech ETF, the Global X autonomous and Electric Vehicles ETF and the Global X Asia Innovator Active ETF, which began trading on the Hong Kong Stock Exchange today.

All three ETFs will join the firm’s thematic growth suite and bring the total number of Global X ETFs offered in Hong Kong to 24 products, representing AUM of $2.68bn.

“We’re excited to broaden our growth-seeking thematic suite of ETFs to include global strategies that seek to benefit from continued advancements in fintech and autonomous and electric vehicles,” Jung Ho Rhee, chief executive officer of Mirae Asset, said in a statement.

“Furthermore, with the launch of the Global X Asia Innovator Active ETF, our aim is to offer more active ETF products that can optimize allocations across multiple disruptive themes and adjust positions as required by market conditions,” Rhee added.

The Global X Asia innovator Active ETF is an actively managed ETF that seeks long-term capital growth by investing in Asia’s innovation leaders that are reshaping the region’s economy, according to Mirae Asset.

“The fund combines the advantages of active management with the benefits of ETFs such as transparency, convenience and cost efficiency,” it said in a statement.

Thematic funds

The Global X FinTech ETF and Global X Autonomous and Electric Vehicles ETF are the firm’s first global thematic growth products.

The Global X FinTech ETF invests in fintech companies positioned to benefit from the accelerated digitalisation of financial services, including mobile payment, peer-to-peer lending, blockchain, personal finance, software and automated wealth management.

The Global X Autonomous and Electric Vehicles ETF invests in global companies across the autonomous and electric vehicle (EV) supply chain, including EV components and autonomous vehicle hardware or software. These include lithium batteries, sensors and semiconductors which are transforming the global EV market.

Mirae Asset Global Investments Group reports $218bn in AUM as of September 2021. The group’s global ETF platform features a line-up of 368 ETFs that offer investors exposure to newly emerging investment themes and disruptive technologies in the global markets. The group’s ETFs have combined AUM of $73.7bn, according to the firm.

Part of the Mark Allen Group.