>NFO – MIRAE ASSET CHINA ADVANTAGE FUND

Objective of the fund: The objective of the fund is to generate long-term capital appreciation by investing 80-100 per cent of the portfolio in units of Mirae Asset China Sector Equity Leadership Fund or units of other mutual fund schemes / Exchange Traded Funds that focus on investing in equity and equity related securities of companies domiciled or having their area of primary activity in China and Hong Kong.

The debt portion 0-20 per cent which includes money market instruments / debt securities would include debt / liquid schemes of domestic mutual funds.

Thus this fund provides an exciting opportunity for investing in the growth of China. It provides opportunities to invest in niche sectors like Chinese wine, traditional Chinese medicines, securities, agriculture, hydro power, animal vaccine, machinery parts, etc

The existing fund will be a feeder fund to Mirae Asset China Sector Equity Leadership Fund. Mirae Asset Global Investments (HK), the investment manager to Mirae Asset China Sector Leader Fund, has a dedicated research team focusing on investing in the Chinese markets and currently manages over USD 8 billion (approx Rs. 38400 crores) as on August 2009.

To see detail: MIRAE ASSET CHINA ADVANTAGE FUND