Newly appointed chief marketing officer, Ashley Dale, will be visiting Europe next week to evaluate how many sales staff to hire. The firm is also planning two more ETF launches.
Tag : mirae
The South Korean fund manager is targeting institutional investors in particular with its new range of Asian sector-focused exchange-traded funds in Hong Kong.
The region's asset management industry will swell to $4 trillion by 2015 and eventually be the biggest in the world, finds Cerulli. ETFs are forecast to grow rapidly, notably in China.
Mirae Asset's acquisition of Canada's BetaPro will make it the biggest Korean provider of exchange-traded funds, and the fourth largest in Asia-Pacific ex-Japan.
Strategic Insight research shows that Asian net flows to mutual funds over the past five years have been nearly as big as in the US, and more stable than in Europe.
Mirae Asset's new JV agreement with a Chinese trust will require the Seoul-based firm to raise capital through an issue of new shares.
Mirae Asset Global Investments launches its first retail fund in Hong Kong, which has three sub-funds that invest in China, Korea and Asia-Pacific ex-Japan equities.
The Mirae Asset Global Discovery Fund will be available to retail investors in Hong Kong around late-July.
The fund house is relying on China to emerge from recession sooner and stronger than its global peers.
Mirae Asset Global Investments expects consumer-related shares to surprise on the upside.
Mirae Asset and Samsung ITMC find inventive ways to fill new QFII quotas.
Mirae Asset Global Investments says government stimulus packages will help boost transport infrastructure in many Asian countries.