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Mirae launches global equity fund with emerging markets focus

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Mirae Asset Global Investments has launched the Global Great Consumer Fund. This new mutual fund invests in both emerging markets and developed markets, and represents the first time the firm has offered developed-market exposure in one of its US funds.

As with the existing Mirae Asset Discovery Funds, the new Global Great Consumer Fund aims to take advantage of the macroeconomic effects currently redefining the world’s emerging market economies.

"The new Global Great Consumer Fund takes Mirae Asset’s established expertise with strategies targeting consumption in the emerging markets and applies it to equity markets in both emerging and developed economies," says Joon Kwun, President and CEO of Mirae Asset Global Investments (USA). "Despite ongoing volatility, investors continue to focus on investment opportunities outside the US. Our Global Great Consumer Fund seeks companies poised to benefit from the rapid growth in emerging markets, regardless of whether those companies are headquartered in the emerging markets or the developed markets."
 

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