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Mirae Asset launches two thematic ETFs in HK
Funds aim to capture Japan, global bluechip opportunities in disruptive technology
The Asset 23 Nov 2023

Asset management firm Mirae Asset Global Investments (Hong Kong) has launched the Global X Japan Global Leaders and the Global X Innovative Bluechip Top 10 exchange-traded funds (ETFs) on the Hong Kong Stock Exchange with the aim of providing investors with portfolio diversification and enhanced returns.

The Global X Japan Global Leaders ETF closely corresponds to the performance of the FactSet Japan Global Leaders Index, allowing investors to gain direct exposure to a portfolio of leading Japanese companies, which is rare in the Hong Kong financial market.

Japan is home to the world's largest high-end manufacturers, including consumer electronics, computers, automobiles, semiconductors and medical devices. Japan global leader companies demonstrate strong global competitiveness in various business sectors and rank among the top three in global market share. They possess strong pricing power, which means that even in the event of a future rebound of the Japanese yen, their global competitiveness is not easily replaceable.

Global X Innovative Bluechip Top 10 ETF tracks the Mirae Asset Global Innovative Bluechip Top 10 Index, offering investors the opportunity to invest in stable growth and innovative technology companies. “As a pioneer in developing ETFs focused on disruptive technologies,” the company says, “the Innovative Bluechip Top 10 ETF enriches growth and innovation themes, uncovering the potential for innovation.”

The fund fully participates in the most attractive sectors, including artificial intelligence, semiconductors, electric vehicles and biotechnology. “With just 10 well-known stocks in its portfolio, investors can directly participate in investments in global leading companies,” the company adds. “The portfolio embodies the characteristics and advantages of bluechip stocks, with higher operating profit margins, cash flows and ROE [return on equity].”

Wanyoun Cho, the company’s CEO, adds: “The funds are aimed at providing investors with forward-looking investment approaches to capture the opportunities brought by disruptive changes rapidly reshaping the global landscape, while enabling investors to benefit from the growth potential of leading companies.”