Mirae Asset Global Investments has launched the Global Dynamic Bond Fund. This new mutual fund invests in sovereign, quasi-sovereign and corporate bonds from issuers in both emerging and developed markets.
The fund seeks to achieve total return, and seeks capital preservation as a secondary objective, utilising an asset allocation investment strategy. The New York-based portfolio management team is supported by Mirae Asset’s fixed income resources globally. The fund’s investment approach allows the portfolio manager to adjust portfolio exposure according to the conclusions of the team’s macroeconomic research.
"The Global Dynamic Bond Fund introduces Mirae Asset’s fixed income investing capability to the US market," says Peter Graham, President of the Mirae Asset Discovery Funds. "Similar to our equity offerings, the Global Dynamic Bond Fund offers US investors a tool to access Mirae Asset’s expertise in the emerging markets. This new fund responds to fund investors’ renewed focus on global bonds as a potential source for income."
The Mirae Asset Global Dynamic Bond Fund was launched on 29 February, 2012 with ticker symbols MAGDX (Class A); MCGDX (Class C); and MDBIX (Class I).