NEW YORK--(BUSINESS WIRE)--Emerging markets leader Mirae Asset Global Investments (“Mirae Asset”) today announced that the Mirae Asset Discovery Funds, the firm’s suite of six emerging markets mutual funds offered in the U.S., is now available at Charles Schwab & Co.
“As we expand our U.S. presence, being on Charles Schwab’s platform represents an important step for our firm. We’re pleased that the more than 6,000 registered investment advisors who custody with Schwab will have access to Mirae Asset’s emerging markets expertise,” said Jay (Hun Jun) Jang, President and CEO of Mirae Asset Global Investments (USA) LLC. “Our Funds offer investors a broad opportunity to invest in the markets, which we believe are well-positioned to take advantage of future global economic growth.”
The Mirae Asset Discovery Funds include single-country, regional and global emerging market funds deployed according to two investment themes: Great Consumer and Sector Leader. The Great Consumer funds invest in companies across a range of sectors that seek to benefit from increasing domestic consumption in the emerging markets. In the Sector Leader funds, Mirae Asset seeks companies it believes to be capable of achieving or maintaining a dominant position within their respective industries. Two of the Funds’ three share classes are offered through Charles Schwab & Co. A list of the ticker symbols for the Class A and Class I shares of the Mirae Asset Discovery Funds appears below:
- Global Emerging Markets Great Consumer Fund (MECGX, MICGX)
- Asia Great Consumer Fund (MGCEX, MGCIX)
- Global Emerging Markets Sector Leader Fund (MALGX, MILGX)
- Asia Sector Leader Fund (MALAX, MILAX)
- China Sector Leader Fund (MALCX, MELCX)
- Brazil Sector Leader Fund (MALBX, MILBX)
Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world’s largest investment managers in emerging market equities (source: Investment & Pensions Europe, 2011). With over 520 employees including more than 110 dedicated investment professionals, Mirae Asset portfolio management teams are located in Brazil, China, Hong Kong, India, Korea, the U.S. and Vietnam. Headquartered in Seoul, South Korea, the firm manages over $53 billion in assets globally, of which more than $29 billion is invested in emerging market equities (as of December 31, 2010). Mirae Asset Global Investments (USA) is focused on providing emerging market equity investment advisory services to mutual funds, foreign investment trusts and institutions. www.miraeasset.com
Risk: Equity securities: Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Emerging markets: Emerging market investing may be subject to additional economic, political, liquidity, and currency risks not associated with more developed countries. Geographic Concentration Risk: A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.
Mirae Asset Global Investments (USA) LLC is the investment adviser for the Mirae Asset Discovery Funds.
An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund’s prospectus. To obtain a prospectus, please contact your financial advisor or please call 1-888-335-3417. Please read the prospectus carefully before investing.
The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.