HONG KONG,March 28, 2025/PRNewswire/ -- Mirae Asset Global Investments (Hong Kong) Limited, (the"Firm"or"Mirae Asset") today announced the launch of its new Global X FTSE Greater China ETF (3470). The fund, which begins trading on the Hong Kong Stock Exchange ("HKEX") today, offers investors exposure to large- and mid-cap companies in Mainland China,Hong Kong, andTaiwanthat are listed on stock exchanges approved by the Mandatory Provident Fund Schemes Authority ("MPFA").
The Global X FTSE Greater China ETF (3470) tracks the FTSE MPF Greater China Index, which serves as a benchmark for theGreater Chinaregion. The index is designed for the MPF system, incorporating investment restrictions and regulatory requirements applicable to the system. At a competitive total expense ratio of 0.15%*, the ETF provides investors with a cost-effective way to gain broad exposure to companies across various sectors in the region.
Recently theGreater Chinaregion has demonstrated market outperformance, compared to the broaderAsiaexJapanmarket in recent years. Notably, the FTSE MPF Greater China Index delivered a 1-year return of 35.75%, compared to the FTSE MPF Asia Pacific ex Japan Index, which recorded 1-year return of 14.72%.[1]Amid global AI development,Taiwan'ssemiconductor industry remains a key growth driver, whileHong Kongand A-shares markets have seen renewed interest from investors reassessing theChinamarket. Through this ETF, it enables investors opportunities to capture the growth potentials in the region.
Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said:"We are delighted to introduce the Global X FTSE Greater China ETF. This launch shows Mirae Asset's commitment to offering innovative investment solutions tailored to diverse investor needs, including those designed to cater the MPF system."
With this new ETF, the Firm now offers a total of 38 ETFs listed inHong Kong, spanning a diverse array of investment capabilities from core, thematic growth, income to commodities.
About Mirae Asset Global Investments Group
Mirae Asset Global Investments Group (the"group") is an asset management organization with overUS$256 billionin assets under management as ofDecember 31, 2024[2]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds ("ETFs"), and alternatives. Operating out of 25 offices worldwide, the group has a global team of more than 1,000 employees, including more than 280 investment professionals.
The group's global ETF platform features a line-up of 629 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.[3]The group's ETFs have combined assets under management ofUS$137 billionand are listed inAustralia,Canada,Colombia,Hong KongSAR,India,Japan, Korea,Vietnam, the EU, andthe United States.[4]
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features 400 ETF strategies and over$90 billionin assets under management.[5]While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 19 global markets and the group's managed assets exceedUS$632 billionin assets under management worldwide.[6]
Mirae Asset Global Investments Hong Kong:https:/www.am.miraeasset.com.hk/
Global X ETFs Hong Kong: www.globalxetfs.com.hk
Important Information
Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Disclaimer
This document is forHong Konginvestors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.
Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.
Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.
Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited ("MAGIHK") are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.
Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction.
This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of MAGIHK.
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*As the Fund is newly set up, this figure is an estimate only and represents the sum of the estimated ongoing charges over a 12-month period, expressed as a percentage of the estimated average Net Asset Value of the Listed Class of Shares over the same period. It may be different upon actual operation of the Fund and may vary from year to year. As the Fund adopts a single management fee structure, the estimated ongoing charges of the Fund will be equal to the amount of the single management fee, which is capped at 0.15% of the average Net Asset Value of the Listed Class of Shares of the Fund. Any ongoing expenses exceeding 0.15% of the average Net Asset Value of the Listed Class of Shares of the Fund will be borne by the Manager and will not be charged to the Fund. [1] Source: Bloomberg, data as of 28 Feb 2025. [2] Source: Mirae Asset Global Investments, December 31, 2024. [3] Source: Mirae Asset Global Investments, December 31, 2024. [4] Source: Mirae Asset Global Investments, December 31, 2024. [5] Source: Mirae Asset Global Investments, December 31, 2024. [6] Source: Mirae Asset Financial Group, September 30, 2024. |
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SOURCE Mirae Asset Global Investments (Hong Kong) Limited