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 at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...