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Mirae Asset Horizons S&P Global Consumer Brands ETF (Stock Code: 3056)

Important information about Mirae Asset Horizons S&P Global Consumer Brands ETF

The Units of Mirae Asset Horizons S&P Global Consumer Brands ETF (the "Terminating Investment Fund") have ceased trading on The Stock Exchange of Hong Kong Limited from 16 October 2018. Please refer to the “Announcement and Notice of the Proposed Cessation of Trading, Termination, Voluntary Deauthorisation and Delisting and Waiver from Strict Compliance of Certain Provisions of the Code” dated 29 August 2018, the subsequent reminder announcements and all other relevant announcements relating to the Terminating Investment Fund for further details.
Mirae Asset Horizons S&P Global Consumer Brands ETF (the “Fund”) is an exchange traded fund and seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the S&P Global Consumer Enterprises Index (the “Underlying Index”). The Fund is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the Fund may suffer losses.
The performance of companies active in the consumer discretionary sector are correlated to the growth rate of the global market, individual income levels and their impact on levels of domestic consumer spending in the global markets, which in turn depend on the worldwide economic conditions, which have recently deteriorated significantly in many countries and regions and may remain depressed for the foreseeable future. Any future slowdowns or declines in the global markets economy or consumer spending may materially and adversely affect the business of the companies in the consumer discretionary sector and as a result the performance of the Fund.
The Fund is not “actively managed”, therefore when there is a decline in the Underlying Index, the Fund will also decrease in value. Mirae Asset Global Investments (Hong Kong) Limited (“the Manager”) will not adopt any temporary defensive positions against any market downturn. Investors may lose part or all of their investment.
Generally, retail investors can only buy or sell units of the Fund (“Units”) on the Stock Exchange of Hong Kong Limited (“HKEx”). The trading price of the Units on the HKEx is driven by market factors such as demand and supply of the Units. Therefore, the Units may trade at a substantial premium/discount to its net asset value (”NAV”).
Due to fees and expenses of the Fund, liquidity of the market, foreign exchange costs, and changes to the regulatory policies, the Fund’s return may deviate from that of the Underlying Index.
The market prices of underlying securities listed on stock exchanges which are established outside Hong Kong may not be available during part or all of the HKEx trading sessions due to trading hour differences which may result in the Fund’s trading price deviating away from the NAV.
Dividend distributions are not guaranteed, and therefore, investors may not receive any dividends from the Fund.
Investment involves risk. Investors may lose part or all of their investment. Investors should not base on this website alone to make investment decisions. Before making any investment decision, prospective investor should read the Fund’s offering documents (available on www.miraeasset.com.hk) carefully for further details, including the product features and risk factors, and should consider seeking independent professional advice. The contents of the afore-mentioned website is prepared and maintained by the Manager and has not been reviewed by the Securities and Futures Commission of Hong Kong (”SFC”).

All dollar amounts are in HKD and all dates are in GMT+8 Time, unless otherwise specified.

Fund objective and investment strategy

The Fund seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index.

The Manager intends to invest all, or substantially, all of the assets of the Fund directly in substantially all securities constituting the Underlying Index in substantially the same weightings as these securities have in the Underlying Index to achieve the investment objective of the Fund ("Replication Strategy").

Where the adoption of a Replication Strategy is not efficient or practicable or is otherwise at the Manager's absolute discretion, the Manager may hold a representative sample of the constituent securities of the Underlying Index selected by the Manager using quantitative analytical models to derive a portfolio sample (”Representative Sampling Strategy“). Investors should note that the Manager may switch between the Replication Strategy and the Representative Sampling Strategy without prior notice to investors, in its absolute discretion.

The Manager has no intention to invest in financial derivatives instruments (or to adopt a synthetic replication strategy) nor to engage in securities lending or repurchase transactions in respect of the Fund. Any change in the Manager’s intention to enter into any of the above transactions in respect of the Fund is subject to prior approval of the SFC and not less than one month’s prior notice (or such other notice period as agreed with the SFC) will be given to unitholders should there be a change in such intention.

The Fund will not invest in A-shares.

Estimated NAV per Unit ^[1]

--: $ --

--: $ --

Daily NAV per Unit ^[3]

NAV: -

Change ($): -

Change (%): -

Fund information

Fund Inception Date: 18 Jan 2012

Listing date on the HKEx: 27 Jan 2012

Financial year end of the Fund: Ending 31 Mar each year

Ongoing charges over a year: 0.75% per annum of NAV ^[7]

Management Fee: Up to 0.45% per annum of the NAV accrued daily and calculated as at each Dealing Day

Distribution Frequency: Annually at the Manager's discretion (May in each year)

Index information ^[4]

Underlying Index: S&P Global Consumer Enterprises Index

Index Provider: Standard & Poor’s

Type of Index: Net total return

Base currency: HKD

Closing Level: -

Change: -

Change %: -

Trading information

Exchange: Hong Kong Stock Exchange

Stock Code: 3056

ISIN: HK0000096575

Board Lot Size: 500 Units

Trading Currency: HKD

Total NAV: -

Outstanding Units: -

Top 10 holdings

( N/A )

As a percentage of NAV

View all holdings

Participating dealers ^[5]

ABN AMRO Clearing Hong Kong Limited
Credit Suisse Securities (Hong Kong) Limited
Goldman Sachs (Asia) Securities Limited
Guotai Junan Securities (Hong Kong) Limited
Mirae Asset Securities (HK) Limited
Shenwan Hongyuan Securities (H.K.) Limited

Market makers ^[6]

Click here to download the full list.

[1]: Estimated NAV is indicative only and is provided on a delayed basis by Interactive Data Managed Solutions. (See terms and conditions)

[2]: Market prices are provided on a 15-minute delayed basis by Interactive Data Managed Solutions. (See terms and conditions)

[3]: Performance is calculated on NAV to NAV basis in HKD. Change indicates the change since the previous business day. For more information on calculation of Net Asset Value, please refer to the Prospectus.

[4]: Index returns are for illustrative purposes only and should not be taken as an indication or guarantee of future performance. Management fees, transaction costs or other expenses are not reflected in index returns. Change indicates the change since the previous business day's closing index level. (Source: Standard & Poor's). Exchange rate as of 4:00pm, London time (Source: WM Reuters).

[5]: Additional Participating Dealer(s) will be appointed from time to time.

[6]: Additional Market Maker(s) will be appointed from time to time.

[7]: The ongoing charges figure is an annualised figure based on expenses reported in the Sub-fund’s interim financial statements for the six-months ended 30 September 2017, expressed as a percentage of the Sub-Fund’s average net asset value over the same period. This figure may vary from year to year. It includes the amortised portion of the set-up costs of the Sub-Fund applicable to the relevant period but excludes any extraordinary expenses.

Disclaimer:

Certain information contained in this website is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”) has, to the best of its endeavor, ensured that such information 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. Mirae Asset HK accepts no liability for any loss or damage of any kind resulting out of the unauthorized use of this website. The information contained in this website is for information purposes only and does not constitute any recommendation, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Fund will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance. Before making any investment decision to invest in the Fund, investors should read the Fund’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Fund and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments. The Fund’s prospectus is available on the website www.miraeasset.com.hk.
References to particular sectors, securities or companies are for general information and illustrative purposes only and are not recommendations to buy or sell a security, or an indication of the issuer’s holdings at any one time.
Investors should note that the Fund differs from a typical retail fund as units of the Fund may only be created and realized by participating dealers in large unit sizes. This website is issued by Mirae Asset HK and has not been reviewed by the Securities and Futures Commission of Hong Kong.
S&P® is the trademark of Standard & Poor’s and has been licensed for use by Mirae Asset HK. The Fund is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's does not make any representation regarding the advisability of investing in the Fund. Standard & Poor's does not make any representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Underlying Index to track general stock market performance. Standard & Poor's has no obligation to take the needs of Mirae Asset HK or the owners of the Fund into consideration in determining, composing or calculating the Underlying Index. Standard & Poor's is not responsible for and has not participated in the determination of the prices and amount of the Fund or the timing of the issuance or sale of the Fund or in the determination or calculation of the equation by which the Fund is to be converted into cash. Standard & Poor's has no obligation or liability in connection with the administration, marketing or trading of the Fund.

Mirae Asset Horizons S&P Global Consumer Brands ETF (Stock Code: 3056)

Fund objective and investment strategy

Estimated NAV per Unit [1]

Daily NAV per Unit [3]