Mirae Asset Global Investments (Hong Kong) has launched three new exchange-traded funds, which begin trading today (December 10) on the Hong Kong Stock Exchange. These are the Global X FinTech ETF (stock code: 3185), Global X Autonomous and Electric Vehicles ETF (2849), and Global X Asia Innovator Active ETF (3051).
The Global X FinTech ETF and Global X Autonomous and Electric Vehicles ETF are the firm’s first global thematic growth products. Transcending traditional sector, industry and country classifications, the ETFs offer investors trading in Asian time zones convenient access to dozens of companies around the world that are at the cutting edge of transformative innovations.
The Global X Asia Innovator Active ETF is an actively managed ETF that seeks long-term capital growth by investing in Asia’s innovation leaders that are reshaping the region’s economy. Managed by a research-driven investment team with strong track records in Asian equity strategies, the fund combines the advantages of active management with the benefits of ETFs such as transparency, convenience and cost efficiency, Mirae Asset says.
All three ETFs will join the firm’s thematic growth suite and bring the total number of Global X ETFs offered in Hong Kong to 24 products, representing assets under management of US$2.68 billion.
Mirae Asset chief executive officer Jung Ho Rhee says: “We’re excited to broaden our growth-seeking thematic suite of ETFs to include global strategies that seek to benefit from continued advancements in fintech and autonomous and electric vehicles. Furthermore, with the launch of the Global X Asia Innovator Active ETF, our aim is to offer more active ETF products that can optimize allocations across multiple disruptive themes and adjust positions as required by market conditions.”