Fact sheet: Mirae Asset Korea Equity

Fund information
Fund name
Mirae Asset Korea Equity A EUR
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund manager
  • Yong Deok Koosince 23/04/2012
Fund objective
The primary objective of the sub-fund is to achieve long term growth in the share price through capital appreciation of the underlying equity portfolio. The Principal Investment Manager will seek to achieve the objective of the sub-fund by investing mainly in equities and equity related securities of companies domiciled in or exercising a large portion of their economic activity in Korea.
Benchmark
  • Kospi
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
2.6%
1 Year rank in sector
8/11
Sector
FO Equity - Korea
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.96%
Fund size
£29m (£63m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
116
Top in this sector
Fund name1 Year
JPM Korea Equity11.7%
Schroder ISF Korean Eq11.1%
KIM Korea Navigator9.8%
Amundi Equity Korea8.9%
Fidelity Korea7.4%
...more in FO Equity - Korea

Performance snapshot

Holdings snapshot

  • Korea96.6%
    Money Market3.4%
  • Information Technology25.1%
    Consumer Discretionary16.4%
    Industrials14.5%
    Consumer Staples12%
    Health Care9.3%
  • South Korean Equities96.6%
    Money Market3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.3%5%4.1%2.6%17.6%11.1%
Sector2.6%5.2%3.6%5%-2.3%8.2%
Rank within sector4 / 118 / 117 / 118 / 112 / 103 / 10
Quartile2nd3rd3rd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0.9%13.4%1.3%-1.5%1.7%
Sector5.3%-1.2%-9.6%2.9%10.2%
Rank within sector9 / 113 / 112 / 1010 / 1010 / 10
Quartile4th2nd1st4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
5.06
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.73
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.15
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.6
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.7
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.47
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.54
Price movement
52 week high11.01
52 week low9.01
Current bid price-
Current offer price-
Current mid price10.34
Region
1Korea96.6%
2Money Market3.4%
Industry sector
1Information Technology25.1%
2Consumer Discretionary16.4%
3Industrials14.5%
4Consumer Staples12%
5Health Care9.3%
6Financials8.1%
7Telecommunications Utilities5.9%
8Money Market3.4%
9Utilities3.4%
Asset type
1South Korean Equities96.6%
2Money Market3.4%
Individual holdings
1SAMSUNG ELECTRONICS CO9.3%
2SK TELECOM4.5%
3MIRAE ASSET SECURITIES CO3.5%
4KOREA ELECTRIC POWER CORP3.4%
5ORION CORP3.1%
6NAVER CORP3%
7SK HLDGS CO LTD2.9%
8SK HYNIX INC2.8%
9AMOREPACIFIC CORP2.6%
Management
Fund manager group
Mirae Asset Global Investments
Fund manager company
Mirae Asset Global Investments
Fund type
Offshore Fund
Fund objective
The primary objective of the sub-fund is to achieve long term growth in the share price through capital appreciation of the underlying equity portfolio. The Principal Investment Manager will seek to achieve the objective of the sub-fund by investing mainly in equities and equity related securities of companies domiciled in or exercising a large portion of their economic activity in Korea.
Benchmark
  • Kospi
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Yong Deok Koo23/04/2012Mr. Yong Deok Koo is the Director of Korean Equity Investment Division 1 and lead portfolio manager of several flagship Korea equity mutual funds, including the Mirae Asset Discovery Equity Fund, which is domiciled in Korea. He is also the lead portfolio manager of the Mirae Asset Korea Equity Fund, which is a Luxembourg-domiciled UCITS fund. Previously, he was the Head of Equity Investment Division 3, where he was responsible for managing around KRW 3.2tn (approx. USD 2.8bn) in assets under management. He acted as the lead portfolio manager of the ‘Mirae Asset Discovery Equity’ series of funds, which includes some of Korea’s longest-running equity mutual fund products. He also managed the Mirae Asset Long Term Growth Research Equity Fund. Prior to becoming Head of Equity Investment Division 3, Yong Deok was Head of the Equity Research Division, where he was in charge of overseeing the company’s fundamental bottom-up research activities and for constructing the Investment Universe and Model Portfolio. Based on his strong focus on sustainable competitiveness and solid earnings, he built a stock scoring system that covers both the long-term quantitative and qualitative aspects of individual companies.Prior to joining Mirae Asset Global Investments Co., Ltd. in 2005, Yong Deok worked as a research analyst and portfolio manager at Korea Investment Trust Management Co,. Ltd. for six years.Yong Deok is a graduate of Hankuk University of Foreign Studies, where he earned a bachelor’s degree in international trade.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, United Kingdom, Hong Kong, Luxembourg, Netherlands, Offshore, Singapore, Sweden, Taiwan - Province Of China
Mirae Asset Korea Equity A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.34
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIFL8
Mirae Asset Korea Equity A Non Distributing USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.77
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeILQ7
Mirae Asset Korea Equity I EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.14
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIFM0
Mirae Asset Korea Equity I USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.67
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIFM1
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