Popular Fund
Mirae Asset Global Gross Fund announced on June 23 that a global equity fund of Mirae Asset Global Asset Management, broke through 100 billion won (US$90 million) in net asset.
According to fund evaluator Zeroin, as of June 23, Mirae Asset Global Gross Fund had a one-year return of 28.98%, a three-year return of 36.01%, and recorded a cumulative return of 47.67% since its establishment on April 15, 2014.
Mirae Asset Global Growth Fund invests in innovative companies that can achieve long-term growth in a variety of social developments such as the development of innovative science and technology, the growth of middle classes in emerging economies, and population aging.
The fund monitor promising themes and stocks around the world by combining top-down and bottom-up approaches and selects investment items through quantitative analysis. Then finally, the fund pursues optimum return taking investment risk into consideration by creating concentrated portfolios
According to the April asset management report, shares of investment by country were 69.59% in the United States, 14.72% in Europe and 11.21% in China. Proportions by sector were 54.12% in IT, 22.32% in consumer goods and 12.70% in the health industry.