The Mirae Asset Discovery Funds, Mirae Asset Global Investments’ suite of six emerging markets mutual funds offered in the US, are now available on the FundVest platform of Pershing LLC, a BNY Mellon company.
“As we continue our expansion into the US market, being placed on a platform as prominent as Pershing’s is an important step for our firm. We’re very pleased that the over 1,500 broker-dealers and RIAs representing more than five million investors have access to Mirae Asset’s emerging markets expertise via FundVest,” says Jay (Hun Jun) Jang, President and CEO of Mirae Asset (USA). “Our Funds offer investors a broad opportunity to invest in the markets which we believe are positioned for future global economic activity.”
The Mirae Asset Discovery Funds include single-country, regional and global emerging market funds deployed according to two investment themes: Great Consumer and Sector Leader. The Great Consumer funds invest in companies across a range of sectors that seek to benefit from increasing domestic consumption in the emerging markets. In the Sector Leader funds, Mirae Asset seeks companies it believes to be capable of achieving or maintaining a dominant position within their respective industries. The Funds are offered in three share classes, Class A, Class C, and Class I.
“As the economic output of the developing world rises, allocations to emerging markets are increasing,” says Sandy Motusesky (pictured), director of investment solutions in the product management and development group at Pershing. “Mirae Asset is one of the world’s premiere managers of emerging markets equities and we are delighted to offer our broker-dealer and RIA customers access to this asset class through FundVest.”