Mirae Asset Global Investments Corporate Overview

Transcription

1 Mirae Asset Global Investments Corporate Overview November 2015

2 Table of Contents 1. Corporate Profile 2. Our Investment Capabilities 3. Mirae Asset Global Investments (India) Pvt. Ltd. 4. Appendix: Awards and the Community P. 3 P. 11 P. 18 P. 24 2

3 Corporate Profile 3

4 Mirae Asset Financial Group Mirae Asset Financial Group is the leading independent financial services firm in Asia. With our unique culture of entrepreneurship, enthusiasm and innovation, we employ our expertise in emerging markets to provide exceptional investment opportunities for our clients. Mirae Asset Financial Group Mirae Asset Global Investments Mirae Asset Wealth Management Mirae Asset Life Insurance Mutual Funds / SMAs ETFs Alternative Investments Wealth Management Investment Banking Brokerage Services Life Insurance Variable Insurance Retirement Pensions * Other notable affiliates include Mirae Asset Fund Services and Mirae Asset Venture Capital 4

5 Our Vision As emerging market experts rooted in Asia with a global perspective, we pursue excellence in investment management to help our clients achieve their long-term objectives. 5

6 Fully Diversified Investment Platform Mirae Asset Global Investments is the group s asset management arm and executes the firm s core passion of investing in emerging markets. We work across our complete product platform to generate the most benefit for our clients. Mirae Asset Global Investments Total AUM US$ 73.0bn Equity / Balanced Fixed Income ETFs Multi Asset / Hedge Funds Real Estate 1) Private Equity 1) Infrastructure 1) AUM US$19.3bn US$21.0bn US$9.4bn US$16.7bn US$4.1bn US$1.2bn US$1.3bn 1) Total Invested Equity (real estate, private equity and infrastructure) Sales & Marketing / Fund Operations / Risk Management / Compliance / IT / Administration Data as of September 30, 2015, unless otherwise stated 6

7 Growing Global Network Our roots are firmly embedded in the dynamic and strategically important markets in which we invest, giving us an extensive network of the industry s leading emerging market investment professionals spanning the globe. USA CANADA UNITED KINGDOM CHINA KOREA TAIWAN COLOMBIA HONG KONG Office Location Country Presence Distribution Scope BRAZIL INDIA VIETNAM AUSTRALIA Data as of September 30, 2015, unless otherwise stated 7

8 Unique & Independent Asia-based Firm 23% Total AUM by Asset Class 13% 19% 5% 2% 2% Equity 19% Balanced US$ 73.0bn 29% 7% Equity Investment by Market 1) Fixed Income ETFs Multi Asset/HFs Real Estate Private Equity Infrastruture Based on our firm belief that the economic development of emerging markets is fundamental and sustainable, Mirae Asset Global Investments has built extensive on-the-ground, research driven capabilities centered on major emerging economies. As one of the largest investors in emerging markets, our goal is to provide our clients with insightful financial strategies and consistent performance. Unique heritage Founded in Asia, our roots are in the emerging markets Deep understanding of the cultures and investment dynamics of markets in which we invest Emerging Markets Developed Markets Leader in emerging market investments Approximately US$ 73.0bn in worldwide AUM One of the world s largest emerging market equity managers* 81% 1) Includes Korea in EM Data as of September 30, 2015, unless otherwise stated * IPE Survey: EM & Frontier Equities, Investments & Pensions Europe (IPE) in Jan

9 Pioneer in the Korean Market Mirae Asset Global Investments was the first asset manager to be registered in Korea, in Since then, we have been consistently recognized as the pioneer of the local asset management industry. Our Asian heritage continues today as the leader in not only traditional asset classes such as equity and fixed income funds, but also alternative investments. Market Share of Korea-domiciled Equity Funds by AUM 16% Market Share of Korea-domiciled Fixed Income Funds by AUM 9% Mirae Asset 8% Mirae Asset 35% Samsung Samsung 13% Korea Inv. Trust 7% Hanhwa KB AM 50% Tongyang AM Shinyoung AM 7% KB AM 4% 10% Korea Inv. Value AM Shinhan BNP Paribas 7% Kiwoom AM Hungkuk AM 5% 8% 9% Others 6% 6% Others * Data source: KOFIA Data as of September 30, 2015, unless otherwise stated 9

10 Select Company Milestones 2015 Wins 2015 Lipper Fund Awards for Asia Pacific Equity, Asia Great Consumer, and Asia Funds in HK, Taiwan, and US 2014 Enters Thailand as the first Korean asset manager to distribute funds in the country 2014 Awarded US$ 4.5bn mandate from the Korean Ministry of Land, Infrastructure and Transport 2013 Mirae Asset Private Equity acquires a significant equity position in Coffee Bean & Tea Leaf, US coffee & tea retailer 2013 Horizons ETFs launches HSPX (Horizons S&P500 Covered Call ETF), Horizons first US-listed ETF 2013 Launches CSI300 Enhanced Index Fund, the China JV s first mutual fund 2012 BetaShares ETFs launches Australia s first inverse and geared funds listed on the ASX, BEAR and GEAR, respectively 2012 Forms Mirae Asset Huachen Fund Management, Korea s first mainland China asset management JV 2011 Acquires 85% stake in Horizons ETFs Management Inc., one of Canada s leading ETF Providers 2011 Mirae Asset Private Equity completes acquisition of Acushnet, maker of Titleist / Footjoy golf equipment 2011 Forms JV with Taiwan Life Insurance to create Mirae Asset Global Investments (Taiwan) 2010 Launches first US-domiciled funds, Mirae Asset Discovery series 2008 Launches first series of SICAV Luxembourg-domiciled funds 2006 Launches TIGER ETF series 2004 Launches Korea s first Real Estate & Private Equity Funds 2003 Opens first overseas office in Hong Kong 1998 Launches Korea s first mutual Equity fund, Park Hyeon-Joo Fund No Mirae Asset Global Investments founded 10

11 Our Investment Capabilities 11

12 Diversified Product Evolution We have aimed to develop innovative investment products that have become leaders in their respective markets. We will continue in our passion to achieve the long-term investment goals of our clients, while pioneering diverse investment opportunities that meet and anticipate their needs. Japan Sub-advisory Australia / Canada / HK ETFs Real Estate / Private Equity Funds Global Fixed Income Funds SICAV (UCITS) / US Mutual Funds EM / Asia Equity Funds Mutual Funds Overseas Institutional Mandates Retirement Investment Real Estate Investments Private Equity + ETFs (Smart Beta / Active) Asset Allocation Absolute / Total Return Customized Solutions Outcome-Oriented Solutions Income-Oriented 12

13 Traditional Fund Management US$ 40.3bn in AUM including Funds and SMAs Equity US$ 14.2bn Balanced US$ 5.1bn Fixed Income US$ 21.0bn 81 Investment Professionals Since our first fund launch in 1998, we have diversified our line-up by building our global investment network as well as our product breadth. We have now become one of the largest fund managers in Asia on the back of our expertise in emerging market investments. Equity Expertise Fixed Income Expertise Sound Risk Management We have built our expertise in fundamental bottom-up analysis over the years to identity companies with a sustainable competitiveness in their respective markets. This process is differentiated and further enhanced by having on-the-ground research and investment teams in key markets globally. Our unique approach to fixed income offers a wide array of products on a country, regional and global level. Our broad product base not only leverages our on-the-ground teams of fixed income PMs and analysts but our internally developed proprietary IT platform. Rigorous risk management is an essential part of our investment philosophy. The Risk Management team reinforces strict protocols and procedures to assess the appropriate level of risk for various investment scenarios. Data as of September 30, 2015, unless otherwise stated 13

14 Exchange Traded Funds US$ 9.4bn in AUM Passive US$ 5.6bn Active US$ 2.9bn Leverage/Inverse US$ 0.9bn 167 ETFs across 6 Global Markets We launched our first ETF in 2006 with the goal to provide our investors with cost efficient and diverse investment opportunities. Our global ETF business platform has grown with the acquisitions of Canada-based Horizons ETFs and Australia-based BetaShares ETFs in 2011 and the launch of our first ETFs in the US, HK, and Colombia. A Differentiated Global ETF Franchise Canada Horizons ETFs Hong Kong Horizons ETFs USA Horizons ETFs Colombia Horizons ETFs Korea TIGER ETFs Australia BetaShares ETFs US$ 3.4bn in AUM 67 ETFs One of the World s Largest Active ETF Managers US$ 126m in AUM 11 ETFs Listed first ETF on the HKEX in 2011 Data as of September 30, 2015, unless otherwise stated US$ 76m in AUM 2 ETFs Listed first ETF on the NYSE on Jun 24, 2013 US$ 38m in AUM 1 ETF Listed HCOLSEL ETF to replicate S&P Colombia Select Index on May 28, 2014 with Fidubogota US$ 3.9bn in AUM 64 ETFs The Largest Family of ETFs in Korea US$ 1.7bn in AUM 22 ETFs One of the Fastest Growing ETF Managers in Australia 14

15 Real Estate US$ 4.1bn in Invested Equity with $8.4bn in NAV (44 investments to-date, 28 current investments) Aims to provide current income and generate long-term capital growth by investing primarily in core real estate assets, globally. Since launching the first real estate fund in Korea in 2004, we have held the preeminent position in the Korea real estate market. Our global expertise continues the strive to meet our investors specific and evolving needs. As a result, the fund investment decisions made by our team focus on delivering steady and stable returns for clients. Mirae Asset Tower Shanghai, China Mirae Asset Center1 Seoul, Korea 1801 K Street Washington D.C., USA Four Seasons Hotel Seoul, Korea Investment Year: 2006 Size: 85,734m², 31 Floors Landmark Office Tower Located in the Pudong Commercial Business District Investment Year: 2010 Data as of September 30, 2015, unless otherwise stated Size: 168,097m², 36 Floors Landmark Office Towers with a Shopping Arcade Located in the Jongno Business District Investment Year: 2014 Size: 566,293ft 2, 13 Floors Trophy office building occupied by the Federal Reserve Board in Washington D.C. s Central Business District. Investment Year: 2012 Size: 64,377m², 26 Floors Prestigious five-star luxury hotel located at the heart of Seoul s Central Business District 15

16 Multi Asset / Hedge Funds / Infrastructure US$ 16.7bn in AUM Multiple strategies for bespoke institutional solutions Structured Products Active Quant Fund of Fund Strategy 21 Investment Professionals Dynamic Hedge Fund Asset Allocation Strategies Infrastructure Renewable Energy International Infrastructure US$ 1.3bn in Invested Equity (78 investments to-date, all current) Aims to achieve returns through income and capital appreciation whilst improving infrastructure crucial to the society. First Fund Launched in 2007 Solar Photovoltaic Plant First Fund Launched in 2009 Desalination and Toll Roads Data as of September 30, 2015, unless otherwise stated 16

17 Private Equity Investment Cases US$ 1.2bn in Capital under management (25 invested companies, 11 current portfolio companies) Aims to achieve returns for our investors by investing in sustainably competitive companies and their world-class management teams Acquired Fila Global with Fila Korea Successful exit via IPO (2010) Joint acquisition of Korean operations with Doosan Successful exit via resale (2012) Our strengths in private equity reside in our strong deal pipeline 2011 Acquired Acushnet with Fila Korea generated through our extensive global and proprietary network. We possess in-depth knowledge of the relevant sectors in which we invest thanks to the cumulative 65 years of investment experience amongst our investment professionals Partnered with global private equity funds (Advent International and CDIB Capital) to acquire majority stake Data as of September 30, 2015, unless otherwise stated 17

18 Mirae Asset Global Investments (India) Pvt. Ltd. November

19 Mirae Asset India Established in November 2007 with a seed capital of US$ 50 million** Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea Mirae Asset present in India as an FII since 2004* **Provides Advisory Services to Hong Kong and Korea offices Mirae Asset Group s Funds investments in India Equity Instruments are 1,270 million USD and in Fixed Income instruments 217 million USD. (as on 31 st October, 2015) Mix of domestic and International businesses providing stable growth for Mirae Asset India business Source: * The FII activities are operated from Korea & HK and Mirae Asset India Office does not have any connection with respect to management of such funds. ** Mirae Asset Global Investments (India) Pvt. Ltd. 19

20 Mirae Asset India Mirae Asset Group s Funds investments in India Equity Instruments are 1,270 million USD and in Fixed Income instruments 217 million USD. (as on 31 st October, 2015) Equity Investment by Region Fixed Income Investment by Region China + HK United States India Australia United Kingdom Brazil Germany Japan Philippines Others 2% 2% 1% 3% 4% 5% 14% 10% Total AUM USD 9.35bn 24% 35% United States Luxembourg India China + HK Turkey Mexico Brazil Russia Indonesia Others 2% 3% 3% 4% 4% 19% 7% Total AUM USD 2.67bn 8% 9% 41% Data as on October 31 st, (Ex. Korea) 20

21 Asset Under Management Steady AUM Growth of Domestic Funds. Have won trust of 144,700+ investor folios & distribution network supported by 7,1600+ associates (as on 31 st October, 2015) 3000 AUM Trend ( in Crores) 2, Mar-2010 Oct-2015 AUM Trend Jan 2010 October

22 Our Investment Offerings Equity Schemes Mirae Asset India Opportunities Fund (An open ended equity oriented scheme) Key to all investment opportunities Mirae Asset Emerging Bluechip Fund (An open ended equity fund) Discover tomorrow's potential today International/Thematic Schemes Mirae Asset India-China Consumption Fund (An open ended equity oriented scheme) Add the purchasing power of billions to your portfolio Mirae Asset China Advantage Fund (An open ended fund of funds scheme) Participate in the China Growth Story Mirae Asset Global Commodity Stocks Fund (An open ended equity fund) Tap the potential of global commodities as an asset class. 22

23 Our Investment Offerings Hybrid Scheme Tax Saving Scheme Mirae Asset Prudence Fund (An Open Ended Equity Oriented Asset Allocation Scheme) Tap potential of equities and fixed income. Fixed Income Schemes Mirae Asset tax Saver Fund (An open ended equity linked saving scheme with a 3 year lock-in period) Cut on your Tax... Aim for Wealth Creation... NFO Opens : 20 th November, 2015 NFO Closes: 18 th December, 2015 Mirae Asset Cash Management Fund (An open ended liquid scheme) Park your idle funds Mirae Asset Ultra Short Term Bond Fund (An open ended liquid scheme) Park funds in quality portfolio Mirae Asset Short Term Bond Fund (An open ended debt scheme) Grow your investment with time 23

24 Appendix: Awards and the Community 24

25 Select Awards - Mirae Asset Global Investments 2014 to Best Fund Provider Emerging Market Equity for Mirae Asset Global Investments (Hong Kong) By Asian Private Banker Asset Management Awards for Excellence 2014/2015 Best Pacific ex-japan Equity Fund for Mirae Asset Asia Fund By 2015 Lipper Fund Awards (US), Over 3 Years Best Equity Asia Pacific ex-japan Equity Fund for Mirae Asset Asia Pacific Equity Fund By 2015 Lipper Fund Awards (HK), Over 3 Years Best Asia Pacific ex-japan Equity Fund for Mirae Asset Asia Great Consumer Equity Fund By 2015 Lipper Fund Awards (Taiwan), Over 3 Years 2015 Best Fixed Income Manager (Korea) By Asian Investor 2015 Best Fixed Income Manager (Korea) By Morningstar Korea ETF Manager of the Year Australia (BetaShares) By ETFI Asia and Asia Asset Management ETF and Indexing Country Awards 2015 Best High Dividend Fund for Australian Dividend Harvester Fund (HVST) By ETFI Asia and Asia Asset Management ETF and Indexing Regional Awards Best Fixed Income ETF for Horizons Active Preferred Share ETF (HPR) By 2014 Morningstar Canadian Investment Awards Best Equity ETF for Horizons Active Global Dividend ETF (HAZ) By 2014 Morningstar Canadian Investment Awards Best U.S. Equity ETF for Horizons S&P 500 Index ETF (HXS) By 2014 Lipper Fund Awards (Canada), Over 3 Years Best Commodity ETF for Horizons NYMEX Crude Oil ETF (HUC) By 2014 Lipper Fund Awards (Canada), Over 3 Years 25

26 Select Awards - Mirae Asset Global Investments 2014 to Best Fixed Income Manager (Korea) By Morningstar Korea 2014 Triple A Awards, Best Asian ETF Provider By The Asset 2014 Best Fixed Income Manager (Korea) By Maeil Economic Daily 2014 Best ETF Manager (Korea) By Asian Investor 2014 Best Equity Fund Award for Mirae Asset Asia Great Consumer Fund By Herald Economy 2014 Best Equity Fund Award for Mirae Asset Global Great Consumer Fund By Korea Economic Daily Korea Fund Awards & Maeil Economic Daily Korea Fund Awards Winner of FundGrade A+ for Horizons S&P 500 Index ETF (HXS) By 2014 FundGrade A+ Awards Winner of FundGrade A+ for Horizons Active Corporate Bond ETF (HAB) By 2014 FundGrade A+ Awards Best Pension Fund Manager (Korea) By Asia Asset Management Best of the Best Awards 2013 ETF Manager of the Year Award (Korea) By Asia Asset Management Best of the Best Awards 2013 Best Asset Management Company in Korea By Seoul Economic Daily 2013 Best ETF Manager (Korea) By Asian Investor 26

27 Select Awards - Mirae Asset Global Investments 2014 to Best Overseas Fixed Income Manager (Korea) By Asian Investor 2013 Asia Fund Award, Best ETF Fund for Tiger 200 ETF By Asia Economic Daily Best Fixed Income ETF for Horizons Active Floating Rate Bond ETF (HFR) By 2013 Morningstar Canadian Investment Awards Asia Fund Award, Best Fixed Income Fund By Asia Economic Daily BetaShares US Dollar ETF awarded 2012 Best of the Best, Best innovative product of the year By Money Magazine Horizons Morningstar Hedge Fund Index ETF awarded 2012 Best ETF Innovation Award By William F. Sharpe Best Retail House (Korea) & Best House for Offshore Funds By Asia Asset Management Best of Best Awards Chairman Hyeon Joo Park awarded The Best Financier award By KOFIA (Korea Financial Investment Association) Best Korea Deal of the Year ( Acushnet ) By Finance Asia 2010 Harvard Business School selects Mirae Asset Chairman Hyeon Joo Park for a case study 27

28 Select Awards - Mirae Asset Global Investments 2014 to Asia Asset Management Best of Best Awards Best Retail House (Korea) / Best House for Offshore Funds / ETF Manager of the Year (MAPS) Chairman Hyeon Joo Park receives Entrepreneur of the Year By Ernst & Young 2009 Best Emerging Market Equities / Best Korea On-shore Fund House By Asian Investor Investment Performance Awards Best Retail House (Korea) By Asian Investor Investment Performance Awards Best House for Offshore Funds By Asia Asset Management Best of Best Awards 2008 Asia Investor 2008 Achievement Awards By Korea equities One-year performance Best Asset Management Company By Mae-il Business Newspaper 2007 CEO of the Year (H. J. Park) By Mae-Kyung Economy Best Asset Management (Equity) By KRX Asia Investor 2007 Achievement Awards By Korea Fund House 28

29 Investor Education A wide variety of client service and educational tools - Our clients success is our success As an effort to listen to the voices and respond to the needs of our clients, Mirae Asset currently has dedicated teams and specialized programs concentrating on service support and education. Mirae Asset Retirement Research Institute As a specialized department focusing on publications and educational research, the Mirae Asset Retirement Research Institute has published various books which include translations of some of the world s most renowned authors. It also offers the Emerging Investor (see picture), a bi-monthly magazine that contains in-depth information, current trends, issues, and news focused on emerging markets. It also carries out educational activity programs for children and their parents all around the country. 29

30 Thank you!