NEW YORK, March 24, 2014 (GLOBE NEWSWIRE) -- Mirae Asset Global Investments (USA) LLC ("Mirae Asset USA"), one of the world's largest investors in emerging markets, today announced the launch of its Great Consumer® portal for U.S. investors http://were-here.miraeasset.us/.
Mirae Asset's Great Consumer® portal makes in-depth information accessible about the growth of the emerging markets' middle class and its expansive consumption patterns. The new site offers facts and statistics, which are complemented by digital reports, info-graphics and slideshows that illustrate the distinctive investment opportunities behind Mirae Asset's "Great Consumer®" investment strategy. Visitors will find in-depth information on specific growth sectors that Mirae Asset believes will benefit from the unprecedented emerging market consumption boom.
"Through our new Great Consumer® portal, we provide investors continuous access to the latest information on the emerging markets consumption growth story and the insight that drives the performance of our Great Consumer® investment strategy," said Peter Graham, CEO of Mirae Asset USA and President of the Mirae Asset Discovery Funds. "We are particularly gratified with the performance recognition our funds have received from Morningstar three years into their launch in the United States."
Mirae Asset's Great Consumer® investment strategy looks beyond the consumer staples and discretionary sectors to invest across a range of industry sectors that may benefit from the new and growing consumer base in the emerging markets. Mirae Asset's Great Consumer® funds employ a highly selective, bottom-up approach in research and stock selection through on-the-ground research from teams located around the world. Mirae Asset USA manages over $4.7 billion in equity and fixed income assets, and Mirae Asset Global Investments Co. Ltd., the parent company, manages over $58 billion globally (as of 12/31/13) and is one of the world's largest investment managers in emerging market equities.*
Mirae Asset's Great Consumer® funds seek to achieve long-term capital growth based on the unique investment opportunities presented by consumption patterns in the emerging markets. Since 2009, Mirae Asset has carefully examined the emerging market consumption phenomenon. Mirae Asset estimates that the number of middle class consumers in emerging markets will reach 960 million by 2020; this is compared to 77 million Baby Boomers in the U.S. – a generation widely acknowledged to have had a profound and lasting impact on both economic output and domestic consumption. In October 2012, Mirae Asset USA registered "Great Consumer®" as a trademark.
The firm's Great Consumer® funds are now available through most major wire house firms, independent broker dealers and registered independent advisors.
*Source: Investment & Pensions Europe, January 2014
Investment Considerations – There can be no guarantee that any investment strategy will be successful. All investing involves risk, including the potential loss of principal.
Emerging Markets Risk – The risks of foreign investments are typically greater in less developed countries, which are sometimes referred to as emerging markets. For example, political and economic structures in these countries may be changing rapidly, which can cause instability and greater risk of loss. These countries are also more likely to experience higher levels of inflation, deflation or currency devaluation, which could hurt their economies and securities markets. For these and other reasons, investments in emerging markets are often considered speculative. Similarly, investors are also subject to foreign securities risks including, but not limited to, the fact that foreign investments may be subject to different and in some circumstances less stringent regulatory and disclosure standards than U.S. investments.
This press release is neither a solicitation to buy nor an offer to sell securities. An offering can only be made by prospectus, which can be obtained from Mirae Asset Global Investments (USA) LLC.
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 call (888) 335-3412. Please read the prospectus carefully before investing.
Mirae Asset Global Investments (USA) LLC is the investment adviser for the Mirae Asset Discovery Funds.
The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.
About Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities (Investments & Pensions Europe, January 2014). With over 550 employees, including 123 dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise. Mirae Asset's offices are located in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the United States and Vietnam. The firm manages over $56 billion in assets globally through a diversified platform to offer market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies, such as real estate, private equity and hedge funds. Mirae Asset Global Investments (USA) LLC is focused on providing equity and fixed income investment advisory services to mutual funds, foreign investment trusts and institutions. (www.miraeasset.com)