Overview
4.A – Firm Description and Principal Owners
Mirae Asset Global Investments (Hong Kong) Limited (the “Adviser”) is a company
incorporated in Hong Kong on December 17, 2003 and its registered office is at Room
1101, L11 Lee Garden Three, 1 Sunning Road, Causeway Bay, Hong Kong.
The Adviser has registered with the Securities and Exchange Commission since February
2010 as a registered investment adviser. The Adviser is also licensed with and regulated
by the Securities and Futures Commission (the “SFC”) of Hong Kong and has carried out
fund management business since July 2005 in Hong Kong.
The Adviser is wholly owned by Mirae Asset Global Investments Co., Ltd (“Mirae Asset
Korea”), which is a Korean corporation, located in Seoul, Korea.
4.B – Types of Advisory Services
a) Discretionary investment management service
The Adviser provides discretionary investment management services as a principal
investment manager of open-ended mutual funds domiciled in Luxembourg, a
manager of exchange traded funds (“ETFs”) listed on the Stock Exchange of Hong
Kong Limited, an adviser to private investment vehicles only offered to non-U.S.
clients and sub-manager of open-ended investment companies registered under the
Investment Company Act of 1940 (the “‘40 Act”) and Korea domiciled funds (each,
a “Fund” or collectively the “Funds”).
b) Non-discretionary investment advisory service
The Adviser also provides non-discretionary investment advisory services to
various companies incorporated in different countries.
c) Focuses on emerging markets
The Adviser mainly focuses on investments in (i) equity securities in emerging
markets or (ii) that are tied economically to emerging markets. An emerging market
is a country that is (1) generally recognized to be an emerging country by the
international financial community, including the World Bank, (2) classified by the
United Nations as a developing country, or (3) included in the MSCI Emerging
Markets Index.
4.C – How Services are Tailored to Fit Client Needs
The Adviser manages or advises on the investment and reinvestment of clients
(including the Funds) in accordance to their investment objectives, policies and
restrictions as set out in relevant offering documents and/or agreements with such
clients.
4.D – Wrap Fee Programs
The Adviser does not sponsor Wrap Fee Programs.
4.E – Management of Client Assets
As of December 31, 2022, the Adviser’s assets under management for which it has
investment discretion are $5,607,339,722 and its assets under management for which it
does not have investment discretion are $634,336,153