Mirae Asset's Hong Kong-listed ETF Surpasses 1 Trillion KRW in Net Assets: "Popular Investment in China's New Growth Themes"
ETFs Investing Heavily in Cloud Computing, Electric Vehicles, and More
[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' net assets of exchange-traded funds (ETFs) listed on the Hong Kong market have surpassed 1 trillion won. It is analyzed that various ETFs diversifying investments in promising new growth sectors in China have gained popularity.
Mirae Asset Global Investments announced on the 22nd that the net assets of ETFs listed on the Hong Kong Stock Exchange exceeded $916 million (approximately 1.1034 trillion won) as of the 17th. This represents more than double the asset size compared to the end of last year.
Mirae Asset Global Investments Hong Kong branch was the first in Korea to directly list ETFs on the Hong Kong Stock Exchange in 2011. Currently, it manages a total of 14 ETFs. Recently, it has been offering numerous ETFs that diversify investments in promising new growth sectors in China. Representative examples include the Global X China Biotech ETF and Global X China Cloud Computing ETF, both listed in July last year. As of the 17th, they recorded cumulative returns of 91.1% and 98.4%, respectively. In January, three ETFs were listed: Global X China Consumer Brand ETF, Global X China Electric Vehicle ETF, and Global X China Clean Energy ETF.
Interest from domestic investors is also increasing. According to the Korea Securities Depository's securities information portal 'SAVRO,' domestic investors have net purchased $42 million in the Global X China Electric Vehicle ETF, $15 million in the Global X China Cloud Computing ETF, and $12 million in the Global X China Biotech ETF over the past three months as of the 17th. All of these ranked within the top 10 in net purchases of Hong Kong-listed stocks. Among them, the Global X China Electric Vehicle ETF recorded a 35.9% return within six months of listing.
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Lee Jeong-ho, CEO of Mirae Asset Global Investments Hong Kong branch, said, "China is rapidly becoming a global leader in new growth sectors based on creative companies," adding, "We will continue to provide opportunities to investors who want to enter the changing Chinese market with new investment ideas through innovative ETFs."
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