The three new ETFs are themed Hang Seng ESG, Metaverse, and EVs & Batteries, respectively.
Seoul-headquartered Mirae Asset Global Investments has launched three new ETFs in Hong Kong under its Global X banner. The Global X Hang Seng ESG ETF (HKG: 3029), Global X Metaverse Theme Active ETF (HKG: 3006), and Global X Electric Vehicle and Battery Active ETF (HKG: 3139) are listed on the Hong Kong stock exchange. (FT)
Global X Hang Seng ESG ETF (HKG: 3029)
The ETF tracks the HSI ESG Enhanced Index and has an expense ratio of 0.29%.
The fund applies a rules-based ESG tilting and exclusion methodology to the Hang Seng Index to reduce the Index ESG Risk Rating by 20% and carbon intensity by 60%.
It therefore provides access to dozens of Hong Kong’s most sustainable companies at a single management fee of 0.29%.
“This demand for greater corporate sustainability will continue to grow as governments and regulators around the world implement policies aimed at achieving carbon neutrality and social equality,” Mirae said in a statement.
Global X Metaverse Theme Active ETF (HKG: 3006)
The actively-managed fund invests in equity to achieve long term capital growth by primarily investing in companies which engage in activities relating to or provide products, services or technologies that enable the development and operation of the Metaverse.
The metaverse is the next stage in the evolution of the internet. In the metaverse, users can do everything from working, playing, transacting to socializing.
The size of the global metaverse market is projected to reach US$800 billion by 2024.
It therefore delivers access to dozens of innovative companies in the metaverse theme, along with the outperformance potential of active management, at an expense ratio of 0.75%.
“We see green mobility and metaverse to be the key themes transforming the global economy,” said Jung Ho RHEE, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited. “Providing investors access to these evolving, high-growth themes in an active ETF format will enable them to benefit from Mirae Asset’s strong research capability while positioning for long-term growth in a cost-efficient way.”
Global X Electric Vehicle and Battery Active ETF (HKG: 3139)
The actively managed ETF invests in equity to achieve long term capital growth by primarily investing in companies which are directly or indirectly involved in electric vehicle or electric vehicle-related battery businesses.
The ETF delivers access to dozens of innovative companies in the electric vehicle and battery theme, along with the outperformance potential of active management at an expense ratio of 0.75%.
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