Welcome!

News Feed Item

Mirae Asset Introduces New Global ETF Brand -- Horizons Exchange Traded Funds

HONG KONG -- (Marketwire) -- 11/04/12 --


Important:

  • Horizons Exchange Traded Funds Series (formerly "Mirae Asset TIGER ETF Series") is an umbrella fund with a series of different sub-funds (the "Funds") which are exchange traded funds and which seek to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of their respective underlying indices.
  • Certain Funds are subject to concentration risk as a result of tracking the performance of a single country, single geographical region (Asia) or single sector. They are likely to be more volatile than a broad-based fund, such as a global equity fund, as they are more susceptible to fluctuations in value of the underlying indices resulting from adverse conditions in that single country, region or sector.
  • Certain Funds invest in Asian emerging markets and are therefore subject to greater risk of loss compared with investments in developed markets due to greater political, economic, taxation and regulatory uncertainty and risks linked to volatility and market liquidity.
  • An investment in the units of the Funds may directly or indirectly involve exchange rate risk.
  • The units of the Funds may trade at a substantial premium or discount to their net asset value.
  • Due to fees and expenses of the Funds, liquidity of the market, foreign exchange costs, and changes to the regulatory policies, the returns of the Funds may deviate from that of their respective underlying indices.
  • Investment involves risks. Investors may lose part or all of their investment. Investors should not base on this document alone to make investment decisions. Before making any investment decision, prospective investor should read the Funds' offering documents (available on www.horizonsetfs.com.hk) carefully for further details, including the product features and risk factors, and should consider seeking independent professional advice.

The Mirae Asset TIGER ETF Series and its eight sub-funds ("ETFs") have been renamed to reflect the synergies of the Horizons acquisition that was completed last year and saw a quadrupling of Mirae Asset Global Investments Group ("Mirae Asset")'s global ETF assets under management.

The Hong Kong-listed ETFs, of which seven were launched on 27 January 2012 and one (renamed "Horizons KOSPI 200 ETF") on 17 January 2011, also stand to benefit from the synergistic relationship that has brought together the global expertise and resources of Horizons ETFs Management (Canada) Inc. ("Horizons Canada") and the strong regional track record of Mirae Asset, which is one of the largest investors in emerging market equities(1).

Mr. Jung Ho RHEE, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, says, "The rebranding exercise will give added premium to the ETFs' heritage as the Horizons name reflects a model franchise with a sterling track record in Canada which Mirae Asset highly appreciates. This mutually-beneficial cross-border partnership will enable us to more efficiently capture investment opportunities around the world, strengthen our aptitude for innovation and create products to meet the evolving needs of our investors in Hong Kong."

Hong Kong is one of the leading ETF markets in Asia with assets under management of US$28.7 billion, representing a market share of 23% in Asia(2). It has grown significantly in recent years with the number of ETFs increasing by well over 500% since 2007. The number of ETF managers and market makers has also doubled within the same period(3).

"Our vision is to create the largest independent ETF manager globally by delivering passive and active mandates across multiple asset classes and international markets offering choice and flexibility to every investor. The consolidation of our ETFs under the Horizons brand is a first step towards that goal. This change of ETF names in Hong Kong is a reinforcement of our commitment to delivering unique value and convenience to investors," Mr. Rhee adds.

On 14 November 2011, Mirae Asset acquired an ownership stake of approximately 85% in Horizons Canada, whose ETF family is the largest in Canada by number of funds with 79 ETFs listed on the Toronto Stock Exchange. The acquisition boosted Mirae Asset's global ETF assets under management to approximately US$5.5 billion from US$1.1 billion, previously (as of 30 September 2012). Mirae Asset's majority stake includes Horizons Canada's majority interest in Australia-based BetaShares Holdings Pty. Ltd.

Mirae Asset's global ETF business is managed out of offices in Australia, Canada, Hong Kong, Korea, the United States, and more recently, Latin America.

"Having a unified brand under the Horizons banner will only help us to achieve greater recognition for our global ETF business," says Mr. Howard Atkinson, Global Head of ETF Sales and Marketing. "Our goal is that wherever we go in the world, investors will see the Horizons brand and recognize it as a standard of excellence in ETFs."

Having a global brand has become an important part of ETF marketing, with most of the major regional ETF companies being part of global organizations which use consistent branding around the world. "There is a certain amount of trust that ETF investors attach to ETF providers with international scale. We expect all of our investors from the various world-wide markets we have businesses in to know that their ETF investments are backed by a strong global company which has access to a comprehensive network of regional and international ETF expertise," Mr. Atkinson adds.

With effect from today, "Horizons" replaces the "Mirae Asset TIGER" portion of the funds' names. A list of the previous and new fund names are provided below.

For additional information, please visit http://www.horizonsetfs.com.hk(4).


----------------------------------------------------------------------------
Stock Code         Current Fund Name                  New Fund Name
----------------------------------------------------------------------------
           Mirae Asset TIGER ETF Series     Horizons Exchange Traded Funds
                                            Series
----------------------------------------------------------------------------
   2835    Mirae Asset TIGER KOSPI 200 ETF  Horizons KOSPI 200 ETF
----------------------------------------------------------------------------
   3054    Mirae Asset TIGER S&P Emerging   Horizons S&P Emerging Asia
           Asia Consumer ETF                Consumer ETF
----------------------------------------------------------------------------
   3056    Mirae Asset TIGER S&P Global     Horizons S&P Global Consumer
           Consumer Brands ETF              Brands ETF
----------------------------------------------------------------------------
   3064    Mirae Asset TIGER S&P Asia ex    Horizons S&P Asia ex JANZ
           JANZ Financials ETF              Financials ETF
----------------------------------------------------------------------------
   3066    Mirae Asset TIGER S&P Asia ex    Horizons S&P Asia ex JANZ IT ETF
           JANZ IT ETF
----------------------------------------------------------------------------
   3075    Mirae Asset TIGER S&P Asia ex    Horizons S&P Asia ex JANZ
           JANZ Industrials ETF             Industrials ETF
----------------------------------------------------------------------------
   3076    Mirae Asset TIGER S&P Asia ex    Horizons S&P Asia ex JANZ Energy
           JANZ Energy ETF                  ETF
----------------------------------------------------------------------------
   3078    Mirae Asset TIGER S&P Asia ex    Horizons S&P Asia ex JANZ
           JANZ Materials ETF               Materials ETF
----------------------------------------------------------------------------

Company Logos

http://release.media-outreach.com/i/655

http://release.media-outreach.com/i/424

About Mirae Asset (www.miraeasset.com(4))

Mirae Asset Financial Group is a leading independent financial services group, headquartered in Seoul, South Korea. While the group's core business is asset management, it also provides comprehensive financial services in the areas of wealth management and life insurance.

Mirae Asset Global Investments Group is the asset management arm of Mirae Asset Financial Group. It is one of the largest investors in emerging market equities(1). With close to 600 employees, including 130 dedicated investment professionals (as of 30 September 2012), Mirae Asset Global Investments Group has a presence in Australia, Brazil, Canada, China, India, Korea, Taiwan, United Kingdom, USA and Vietnam, in addition to its Hong Kong office. Mirae Asset Global Investments Group manages US$53.85 billion in assets globally (as of 30 September 2012).

About Horizons ETFs Management (Canada) Inc. (www.horizonsetfs.com(4))

Horizons ETFs Management (Canada) Inc. is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with an aim to provide solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With approximately US$3.5 billion in assets under management and 79 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (USA) LLC, an affiliate of Horizons ETFs Management (Canada), also has three ETF in the process of applying registration with the Securities and Exchange Commission in the United States for listing. Horizons ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group, which collectively oversees approximately US$5.5 billion of assets across 180 ETF listings (data as of 30 September 2012).

(1)Source: One of the largest investors in emerging market equities amongst 68 asset management firms surveyed - Investing in Emerging Market Equities Survey, Investment & Pensions Europe (IPE) January 31, 2012

(2)Source: Deutsche Bank Weekly ETF Market Review, 22 October 2012

(3)Source: HKEx Overview of ETF Market in Hong Kong, 19 June 2012

(4)The website has not been reviewed by Securities and Futures Commission. It may contain information on funds which are not authorised for sale to the public in Hong Kong and are not available to Hong Kong investors.

Disclaimer

This document is issued by Mirae Asset Global Investments (Hong Kong) Limited ("Mirae Asset HK") and has not been reviewed by the Securities and Futures Commission. Past performance is not indicative of future performance. Whilst Mirae Asset HK has, to the best of its endeavor, ensured that information compiled by third party sources is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability whatsoever for the accuracy of such information or any use or reliance thereof. None of the Funds is sponsored, endorsed, sold or promoted by Standard & Poor's and its affiliates ("S&P"). S&P makes no representation, condition or warranty, express or implied, to the owners of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of their underlying indices to track the performance of certain financial markets and/or sections thereof and/or of groups of assets or asset classes. Please read the full disclaimers in relation to the underlying indices in the Funds' offering documents. KOSPI 200 is a service mark of the Korea Exchange licensed for use by Mirae Asset HK. The information contained in this document does not constitute any recommendation, offer or solicitation to enter into any transaction.

MEDIA CONTACTS
Richard Huang
Head of Marketing Communications
Tel: +852 3555 5812
Email: Email Contact

Ellen Law
Marketing Manager
Tel: +852 3555 5846
Email: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...