SOURCE: Mirae Asset Global Investments (Hong Kong) Limited

Mirae Asset Global Investments (Hong Kong) Limited

December 16, 2013 02:59 ET

Morningstar Awards Highest 5-Star Rating to Mirae Asset's India Sector Leader Equity Fund

HONG KONG, CHINA--(Marketwired - Dec 16, 2013) - Mirae Asset Global Investments Group ("Mirae Asset"), the Asian emerging market equities specialist, is pleased to announce its Mirae Asset India Sector Leader Equity Fund (the "Fund") has been awarded the highest-available 5-Star rating from Morningstar as of 30 November 2013, for both the Class A and Class I shares denominated in USD. The Fund has been ranked in the top decile against 443 peers in the Morningstar Indian Equity universe2.

Rahul Chadha, Co-Chief Investment Officer at Mirae Asset's Hong Kong office and Portfolio Manager of the Fund, says "This is great news and is a reflection of our constant endeavor to achieve superior and consistent returns for our investors."

The Fund is regulated and authorised by the Securities and Futures Commission ("SFC") for the Hong Kong retail market and is available for sale through a number of distribution channels that are listed on Mirae Asset's Hong Kong website3 - http://investments.miraeasset.com.hk/en/ourfund/fundDistributors.do

"Despite 2013 being a tough year for Indian equities, we remain constructive for 2014 on the back of improving trade deficit, easing monetary cycle and a higher likelihood of a decisive verdict in the 2014 elections. We believe that the GDP growth for India has bottomed. This improving investment climate, along with strong demographics, will likely mean that India goes back to 6-7% growth rates in the next 2-3 years," adds Rahul.

The Fund is a sub-fund of the Mirae Asset Global Discovery Fund that is incorporated in Luxembourg as a société d'investissement à capital variable (SICAV) and comprises a number of emerging market single-country, regional and sector-themed sub-funds, including the flagship Mirae Asset Asia Sector Leader Equity Fund and Mirae Asset Asia Great Consumer Equity Fund.

About Mirae Asset India Sector Leader Equity Fund

Domicile Luxembourg - SICAV (Société d'Investissement À Capital Variable)
Inception Date 02 March 2011
ISIN Code Class A USD - LU0336297295
Class I USD - LU0336298004
Bloomberg Ticker Class A USD - MAISLEA LX
Class I USD - MAISLEI LX
Investment Objective The Fund aims to achieve long term capital growth by investing mainly in equities and equity related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in India.
Top 10 Holdings4
(in alphabetical order)
Cognizant Tech Solutions, Glenmark Pharmaceuticals, HCL Technologies, HDFC, HDFC Bank, Infosys, Reliance Industries, Sun Pharmaceuticals, Tata Consultancy Services, Tata Engineering

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Mirae Asset Global Investments Group

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About Mirae Asset Global Investments Group (http://www.miraeasset.com) 3

Since 1997, Mirae Asset Global Investments Group ("Mirae Asset") has become one of Asia's largest independent asset managers and the world's largest active investors in emerging market equities5. Globally, Mirae Asset has in excess of US$60 billion of assets under management (as of 31 October 2013) across a diversified platform to offer market-leading investment services and solutions in traditional equity and fixed income products, ETFs and alternative strategies, such as real estate, private equity and hedge funds.

Headquartered in Korea, Mirae Asset has a presence in 12 countries worldwide, including Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, United Kingdom, USA and Vietnam. Mirae Asset includes over 120 investment professionals dedicated to asset management in Asia and other emerging markets.

1 Copyright © Morningstar, Inc. All rights Reserved. Morningstar Rating as of 30 Nov 2013. 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. Past information is no guarantee of future results.

2 Source: Class A USD has been ranked #41 in the 2-year period. Class I USD has been ranked #38 in the 1-year period and #34 in the 2-year period. All data are from Morningstar as of 30 November 2013.

3 The website has not been reviewed by the SFC. It may contain information on funds which are not authorised for sale to the public in Hong Kong and are not available to Hong Kong investors.

4 Data as of 31 October 2013.

5 Source: One of the largest investors in emerging market equities amongst 79 asset management firms surveyed by Investment & Pensions Europe ("IPE Survey: Managers of Emerging Market & Frontier Equities," 31 January 2013).

Disclaimer:

Certain information contained in this document is compiled from third party sources. Whilst Mirae Asset Global Investments Group ("Mirae Asset") has, to the best of its endeavor, ensured that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability whatsoever for the accuracy of such information or any use or reliance thereof. The provision of this document shall not be deemed as constituting acceptance, or promise of any further contract or amendment to any contract which may exists between the parties. It should not be distributed to any other party except with the written consent of Mirae Asset. Nothing herein contained shall be construed as granting the recipient whether directly or indirectly or by implication, any license or right, under any copy right or intellectual property rights to use the information herein. The information and materials provided herein are given on a general basis without obligation and on the understanding that any person acting upon or in reliance on it, does so entirely at his or her own risk.

Mirae Asset accepts no liability for any loss or damage of any kind resulting out of the unauthorised use of this document. This document is issued by Mirae Asset and has not been reviewed by the Securities and Futures Commission.

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