[2023 Capital Investment Award] Mirae Asset Management, Focused Investment on a Wide Range of Targets

'Mirae Asset Core Tech Fund' Best Fund Award

Mirae Asset Global Investments won the Best Fund Award at the '2023 Asia Capital Investment Awards.' Mirae Asset Global Investments opened the era of indirect investment by launching Korea's first mutual fund. It is making history as the first in the domestic fund market to pioneer the alternative investment market with the first private equity fund and real estate fund.

Choi Chang-hoon (left) and Lee Jun-yong, Co-CEOs of Mirae Asset Global Investments.
Photo by Mirae Asset Global Investments

Among the products introduced by Mirae Asset Global Investments, the recently notable one is the 'Mirae Asset Core Tech Fund.' Launched in October 2019, this fund focuses on investing in domestic technology innovation companies. It has attracted significant interest from investors who want to concentrate on structurally growing new industries such as semiconductors, secondary batteries, and platforms rather than the domestic KOSPI index.

In the case of other IT funds, benchmarks are set or sectors outside the IT industry are included. However, this fund does not have a separate benchmark. It uses the KOSPI index only as a reference index, which allows for relatively broad investment targets and focused investment, which is a key feature. Also, unlike some IT funds that include industries unrelated to IT, it is composed mainly of growth stocks with high correlation to IT, such as internet, software, and platforms.

The net asset size is also increasing steadily. As of the 13th of last month, the fund's assets under management reached 730 billion KRW. In a situation where it is difficult to find funds that continuously attract capital after the public fund market fell into a slump recently, this fund is the only one recording steady growth.

The reason why a domestic native active public fund could achieve such results lies in the capabilities of Mirae Asset Global Investments. Mirae Asset Global Investments has the largest research organization in Korea. It also has style research teams for small and mid-cap, value, and dividend stocks.

It is characterized by having a broad research base with an investment universe of over 150 stocks. It actively updates not only large-cap stocks but also small and mid-cap stocks, striving not to miss changes in the market and industries. Based on this bottom-up research, it has consistently delivered positive returns since inception through focused investment in secondary battery cathode material companies and proactive responses to semiconductor equipment, materials, and components.