Morningstar Fund Report  | 17/04/2025Print

Mirae Asset Global Discovery Fund - ESG Asia Sector Leader Equity Fund R USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Mirae Asset Global Discovery Fund - ESG Asia Sector Leader Equity Fund R USD
Fund1.2-6.0-3.515.3-7.3
+/-Cat4.15.30.74.2-5.1
+/-B’mrk4.21.9-4.53.0-5.7
 
Category: Asia ex-Japan Equity
Category Benchmark: Morningstar Asia xJpn TME N...
Key Stats
NAV
16/04/2025		 USD 14.06
Day Change -1.48%
Morningstar Category™ Asia ex-Japan Equity
ISIN LU1211594061
Fund Size (Mil)
31/12/2024		 USD 80.97
Share Class Size (Mil)
16/04/2025		 USD 6.40
Max Initial Charge -
Ongoing Charge
19/02/2025		  1.37%
Investment Objective: Mirae Asset Global Discovery Fund - ESG Asia Sector Leader Equity Fund R USD
The primary objective of the Sub-Fund is to achieve long term growth in the share price through capital appreciation, measured in US Dollars, of the underlying equity portfolio. The Principal Investment Manager will seek to achieve the objective of the Sub-Fund by investing mainly in equities and equity related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in countries (including, but not limited to, territories and special administrative regions) of Asia (ex. Japan) such as Korea, China, Hong Kong, Taiwan, Singapore, India, Malaysia, Indonesia, Thailand and Philippines but additional opportunities are also sought, whenever regulations permit, in any of the emerging market in Asia.
Returns
Trailing Returns (GBP)16/04/2025
YTD-14.30
3 Years Annualised-0.20
5 Years Annualised5.75
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Joohee An
01/10/2023
Phil Lee
15/04/2021
Click here to see others
Inception Date
15/07/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Asia Ex Japan NR EURMorningstar Asia xJpn TME NR USD
Portfolio Profile for  Mirae Asset Global Discovery Fund - ESG Asia Sector Leader Equity Fund R USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.710.0097.71
Bond0.000.000.00
Property0.000.000.00
Cash2.290.002.29
Other0.000.000.00
Top 5 Regions%
Asia - Emerging71.78
Asia - Developed28.22
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Technology33.27
Consumer Cyclical27.41
Industrials11.81
Communication Services9.66
Financial Services9.50
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.99
MediaTek IncTechnologyTechnology5.59
Tencent Holdings LtdCommunication ServicesCommunication Services5.45
Xiaomi Corp Class BTechnologyTechnology4.31
Meituan Class BConsumer CyclicalConsumer Cyclical3.91
Increase Decrease New since last portfolio
Mirae Asset Global Discovery Fund - ESG Asia Sector Leader Equity Fund R USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Mirae Asset Global Discovery Fund - ESG Asia Sector Leader Equity Fund R USD
Category:  Asia ex-Japan Equity
Category Index:  Morningstar Asia xJpn TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-18.7616.9026.731.18-5.96-3.5215.33-7.29
+/- Category-6.812.183.924.095.270.694.20-5.10
+/- Category Index-11.843.416.154.201.85-4.523.05-5.69
% Rank in Category9333302316472095
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.48   -1.92-2.19
1 Week2.20   -0.16-0.60
1 Month-10.23   -2.49-3.21
3 Months-12.90   -5.36-6.37
6 Months-12.45   -3.43-3.50
YTD-14.30   -6.24-7.15
1 Year-6.00   -4.41-6.55
3 Years Annualised-0.20   1.30-1.23
5 Years Annualised5.75   2.550.99
10 Years Annualised-   --
 
Category: Asia ex-Japan Equity
Category Index: Morningstar Asia xJpn TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-7.29---
20246.457.48-3.944.94
2023-0.60-5.021.740.44
2022-7.730.49-2.073.56
20212.923.54-1.53-3.58
2020-16.7719.547.3718.63
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearHighAverage5 star
10-Year--Not Rated
OverallHighAverage5 star
 
Category :  Asia ex-Japan EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.74 %
3-Yr Mean Return2.75 %
 
3-Yr Sharpe Ratio-0.09
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Asia xJpn TME NR USD  Morningstar Asia xJpn TME GR USD
3-Yr Beta0.890.89
3-Yr Alpha-1.03-1.34
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 48553-
Market Capitalisation% of Equity
Giant63.98
Large31.01
Medium5.01
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.901.37
Price/Book3.161.79
Price/Sales2.291.27
Price/Cash Flow9.101.16
Dividend-Yield Factor1.720.73
 
Long-Term Projected Earnings Growth13.081.29
Historical Earnings Growth11.251.33
Sales Growth10.692.52
Cash-Flow Growth21.902.24
Book-Value Growth9.441.26
 
Category: Asia ex-Japan Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.710.0097.71
Bond0.000.000.00
Property0.000.000.00
Cash2.290.002.29
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.000.00
Australasia0.000.00
Asia - Developed28.220.79
Asia - Emerging71.781.18
 
Category: Asia ex-Japan Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical27.411.44
Financial ServicesFinancial Services9.500.43
Real EstateReal Estate3.201.07
Consumer DefensiveConsumer Defensive2.200.64
HealthcareHealthcare1.880.61
UtilitiesUtilities1.071.31
Communication ServicesCommunication Services9.660.84
IndustrialsIndustrials11.811.88
TechnologyTechnology33.271.27
 
Category: Asia ex-Japan Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings49
Total Number of Bond Holdings0
Assets in Top 10 Holdings44.44
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.99
MediaTek Inc311Taiwan5.59
Tencent Holdings Ltd308China5.45
Xiaomi Corp Class B311China4.31
Meituan Class B102China3.91
China Merchants Bank Co Ltd Class H103China3.90
MakeMyTrip Ltd102India3.05
Alibaba Group Holding Ltd Ordinary Sh... 102China2.90
Kuaishou Technology Ordinary Shares -... 308China2.81
Fortune Electric Co Ltd310Taiwan2.52
 
Increase Decrease New since last portfolio
Category: Asia ex-Japan Equity
 
Management
Name of CompanyMirae Asset Global Investments (HK) Ltd
Phone+852 22951500
Websitehttps://www.am.miraeasset.com/
AddressRoom 1101, 11/F, Lee Garden Three, 1 Sunning Road, Causeway Bay
 Hong Kong   -
 Hong Kong
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date15/07/2015
Fund Advisor(s)
Mirae Asset Global Investments (HK) Ltd
Fund ManagerJoohee An
Manager Start Date01/10/2023
Career Start Year2004
Education
2004, Yonsei Universtiy, B.A.
 
Biography
Joohee is the Chief Investment Officer (CIO) at Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”). As the CIO and member of the Investment Committee, Joohee plays an instrumental role in the development of investment strategies, policies, and processes for the firm. She also manages a number of Asia Pacific equity portfolios as the Lead Portfolio Manager, including the firm’s flagship funds. Joohee joined Mirae Asset Global Investments Co., Ltd in Korea in 2006, where she was an Investment Analyst conducting both bottom-up and top-down research in the Equity Research Team and Global Asset Allocation Team, respectively. In 2009, she was transferred to Mirae Asset HK to take up the role of Portfolio Manager, investing in Asian markets. Prior to Mirae Asset, Joohee started her career at LG Investment & Securities in Seoul, where she was an Equity Analyst from 2004 to 2006. Joohee holds a Bachelor’s Degree in Business Administration from Yonsei University, Korea. Joohee has received awards from various financial services firms throughout 2015 and 2022, including ‘Citywire Asia Award: Best Fund Manager, Asia Pacific Excluding Japan’ in 2015. She also received an award certificate from the Korean Ministry of Strategy and Finance in 2014. She speaks English and Korean.
Fund ManagerPhil Lee
Manager Start Date15/04/2021
Fund ManagerSaniel Chandrawat
Manager Start Date01/10/2023
 
Biography
SanielisthePortfolioManageroftheMiraeAssetIndiaMidCapEquityFund.HeisalsotheCo-PortfolioManageroftheMiraeAssetIndiaSectorEquityFund.Inaddition,hemanagesthefirm’sIndiaInfrastructurefund.SanielisresponsibleforresearchanalysiscoveringtheregionalHealthCare,EnergyandUtilitiessectors. SanielbeganhiscareerwithKPMG(BSRandCo.,India)in2005asSeniorAuditor.HethenworkedatMorganStanleyMumbaifrom2007to2014asEquityResearchAssociate.HewasakeymemberoftheteamcoveringtheIndianPharmaceuticalsector.TheteamwontheSecondPlacePrizeintheInstitutionalInvestorsSurveyfortwoconsecutiveyears(2012and2013).SanieljoinedMiraeAssetin2014toanchorcoverageoftheAsiaregionalHealthCaresector.HecurrentlycoversHealthCare,Energy&Utilitiessectors. SanielholdsaBachelor’sDegreeofCommercefromtheUniversityofMumbaiinIndiaandisaqualifiedCharteredAccountant.HespeaksEnglishandHindi.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge1.37%
Purchase Details
Minimum Investments
Initial2500  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes