Mirae Asset Global Investments’ four leveraged and inverse (L&I) products tracking the Hang Seng Index and the Hang Seng China Enterprise Index (HSCEI) have begun trading for the first time on the Hong Kong Exchanges and Clearing Limited (HKEx).
It is the first time for L&I ETFs tracking the Hang Seng Index and the HSCEI to be listed on the HKEx. With the listing of the L&I ETFs, Mirae Asset Global Investments (MAGI), S. Korea's leading asset management firm, aimed to provide global investors with diverse investment opportunities.
In 2011, Mirae Asset had Mirae Asset Horizons KOSPI 200 ETF listed on the HKEx. A total of 16 ETFs, including Mirae Asset Horizons Hang Seng High Dividend Yield ETF, Global Consumer Brands ETF and Mirae Asset Horizons MSCI China ETF, are currently trading in Hong Kong.
As of the end of February, Mirae Asset operated 15 trillion won of ETFs in six countries - S. Korea, Canada, Australia, the US and Colombia.
Mirae Asset is operating 218 ETFs under three brands - Horizons in the US, Canada, Hong Kong and Columbia, TIGER in South Korea and BetaShares in Australia. In 2016 alone, Mirae Asset’s net assets grew by over 3 trillion won. Its net assets and the number of listed ETFs more than doubled from 2011.
Lee Tae-yong, President of the Global Business Unit of Mirae Asset Global Investments, said, “Last year, Mirae Asset’s global ETF business launched L&I ETFs tracking S&P500 and Topix and we are leading the market, as evidenced by our trading volume. This year, we are executing various strategies to grow our FTF business overseas. The recent launch of L&I ETFs tracking the Hang Seng Index and the HSCEI is part of such efforts.”
