EM specialist Mirae plans Asia-Pacific Sicav range launch

Asian asset management company Mirae Asset Global Investors is planning to launch nine emerging market Sicav funds focusing on the Asia-Pacific region.

The funds will be domiciled in Luxembourg and managed by the same local portfolio managers as the company’s existing Korea-domiciled funds, which they will mirror.

The new Sicav range will aim to provide long-term capital appreciation by focusing on bottom-up analysis and high-conviction, alpha-generating stock ideas. The full fund range is expected to launch in two phases over June and July this year, and includes Asia Pacific Equity, Asia Sector Leader Equity, Asia Pacific Consumer Equity, Asia Pacific Infrastructure Equity, Asia Pacific Financial Equity, China Sector Leader Equity, India Sector Leader Equity, Chindia Sector Leader Equity and Korea Equity.

The launch follows the company’s recent appointments of Hendrik Cosijn von Ripperda as head of European (ex UK) distribution and Andrew Lawley as head of UK distribution and global consultant relationships.

Commenting on the launch, Chunyong Rhie, CEO of Mirae Asset Global Investment (UK), said: “The launch of these Asia Pacific Sicav funds marks a significant milestone in our expansion of Mirae Asset in the UK. Our existing Korean-domiciled funds have provided outstanding returns for our clients, and we are delighted to offer our successful investment formula to European investors.”