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Mirae launches Asia Pacific multi-asset income fund

Asian firm launches multi-asset Ucits fund for Asian and European market.

Mirae launches Asia Pacific multi-asset income fund

Mirae Asset Global Investments has launched an Asia Pacific multi-asset Ucits fund, the company has announced.

The Mirae Asset Asia Pacific Multi-Asset Income fund was officially launched on December 16 2016 and is managed by Tin Wong and Curtis Yuen of MAPS Capital Management, which is the Hong-Kong based hedge fund arm of Mirae.

The fund aims to deliver income and capital appreciation by adopting a multi-asset investment approach, focusing predominately on Asia Pacific asset classes.

Using a three-tier process, the fund is set to use quantitative analysis to set out an optimal medium-to-long term multi-asset mix for achieving growth and generating income. The second portion of the fund is a ‘tactical layer’ set to capture investment opportunities through individual stocks and bonds.

The third portion of the fund is the management of risk exposures on a holistic level, seeking to mitigate risk and dampen the volatility of the portfolio.

Commenting on the launch of the fund, Yuen, who is also senior quantitative analysts at MAPs Capital Management said: ‘Diversification, through investing into streams of uncorrelated risk premia, is important for consistent growth, income generation, and drawdown mitigation.

‘The rapid transformation undertaken in Asia over the past decades has opened up many attractive investment channels and significantly expanded the risk opportunity set. We think the environment for multi-asset investing in the region is ripe.’

The fund is a sub-fund of the Mirae Asset Global Discovery fund, a Luxembourg-domiciled Ucits registered in Asian and European jurisdictions.

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