NEW YORK, Feb. 2, 2012 (GLOBE NEWSWIRE) -- This press release amends the ticker symbols announced in a Mirae Asset Global Investments release earlier today.
The Mirae Asset Global Great Consumer Fund was launched today with ticker symbols MGUAX (Class A); MGUCX (Class C); and MGUIX (Class I).
Mirae Asset Global Investments, one of the world's largest emerging market equity investment managers,1 today announced the launch of the Global Great Consumer Fund. This new mutual fund invests in both emerging markets and developed markets, and represents the first time the firm has offered developed-market exposure in one of its U.S. funds. As with the existing Mirae Asset Discovery Funds, the new Global Great Consumer Fund aims to take advantage of the macroeconomic effects currently redefining the world's emerging market economies.
The Great Consumer Funds
Mirae Asset's proprietary "Great Consumer" investment philosophy is at the core of a number of the firm's investment products. The firm defines Great Consumer as the collective direct and indirect economic effect resulting from increased consumption activities and growing purchasing power of individuals within the world's emerging markets. Great Consumer responds to the expanded purchasing power of the rising middle class which is a significant trend in the emerging markets. In 2010, the firm introduced this philosophy in two funds, the Global Emerging Markets Great Consumer Fund (MECGX) and the Asia Great Consumer Fund (MGCEX). The Great Consumer funds invest in companies that Mirae Asset believes will benefit from the secular change in consumption patterns taking place in the world's developing economies.
Regarding risks, please refer to the Mirae Asset Global Investments website for further information.
An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please contact your financial advisor or please call 1-800-335-3412. Please read the prospectus carefully before investing.
The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.
Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities (source: Investments & Pensions Europe, January 2012). With over 650 employees including more than 135 dedicated investment professionals, Mirae Asset has offices in Brazil, China, Hong Kong, India, Korea, Taiwan, the U.K., the U.S. and Vietnam. Headquartered in Seoul, the firm manages over $50 billion in assets globally, of which more than $17 billion is invested in emerging market equities (as of December 31, 2011). Mirae Asset Global Investments (USA) is focused on providing emerging market equity investment advisory services to mutual funds, foreign investment trusts and institutions.
1 Source: Investment & Pensions Europe. January 2012.