Tag: mirae

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. Investment Outlook Series: Wilfred Sit, CIO at Mirae Asset Global Investments, says the next three to six months will provide good entry points for oversold China shares. The firm hires Hendrik Cosijn von Ripperda and Andrew Lawley in the UK in line with efforts to expand its international business. The Indian subsidiary of the Korean fund house is among the newest entrants in India’s mutual funds industry, having set up operations as recently as December 2007. Korea’s largest fund management company has ambitions to go regional. Ng Soo-Nam will give Nikko Asset Management an experienced hand as it grows its business outside of Japan.