now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asset Management / Wealth Management
Mirae Asset ETF rides China policy trends
Fund focuses on 50 ‘little giant’ enterprises in strategic sectors with high-growth potential
The Asset 20 Nov 2023

Mirae Asset Global Investments (Hong Kong) has launched a new exchange-traded fund (ETF) to offer a diversified investment opportunity in innovative small and medium-sized enterprises (SMEs) with high-growth potential benefiting from China's policy dividends.

The Global X China Little Giants ETF (2815.HK) tracks the Solactive China Little Giants Index, investing in securities of 50 nationally recognized "little giant" enterprises selected by the Chinese government.

As China's economy transitions from high GDP growth to high-quality development, accelerating technological innovation has become a crucial initiative for achieving structural transformation and industrial upgrading.

These "little giant" enterprises focus on niche markets, possess strong innovation capabilities, and demonstrate growth potential, aligning with the current needs of China's economy and the development trends of the era, thereby offering vast growth opportunities, Mirae Asset says.

The ETF allows investors to conveniently and cost-effectively participate in China's rapid growth in strategic sectors such as semiconductors, advanced manufacturing, pharmaceuticals, and new energy, the firm adds.

It has a maximum total expense ratio of 0.68% for the first 12 months, applicable to both retail and institutional investors, and can be traded during normal trading hours on the Hong Kong Stock Exchange.

Conversation
XD Chen
XD Chen
chief China economist
BNP Paribas
- JOINED THE EVENT -
Webinar
Changing China: Embracing innovation to build better treasury
View Highlights
Conversation
Philippe Tassin
Philippe Tassin
head of asset managers & owners client lines, Asia-Pacific
BNP Paribas Securities Services
- JOINED THE EVENT -
In-person roundtable
Tech in ESG
View Highlights