Mirae Asset Management intends to launch two new Sicav funds into the European retail market.
The funds will mirror the existing BRICs Equity and Emerging Equity feeder trusts which are currently domiciled and only available in Korea. The new vehicles follow Mirae's entrance into the European market in June last year when the company launched five emerging market funds focused on the Asia Pacific region. As with the previous five funds it is understood the new vehicles will be managed by the existing managers based in the relevant regions. The current Emerging Equity fund was launched in March 2008 and is benchmarked to the MSCI Emerging Markets Index. The US$0.47m fund seek...
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