Global X Hang Seng High Dividend Yield ETF Hits US$600 Million Milestone in AUM

HONG KONG, Aug. 14, 2024 /PRNewswire/ -- Mirae Asset Global Investments (Hong Kong) Limited, (the "Firm" or "Mirae Asset") is delighted to celebrate that the Global X Hang Seng High Dividend Yield ETF (3110) has surpassed US$600 million in AUM, making another milestone after its inclusion to the ETF Connect Scheme. The total AUM of the ETF now exceeds US$600 million as of August 14, 2024, solidifying its position as the largest high dividend yield ETF by AUM listed in Hong Kong.^[1]

During the recent market turmoil, investors are seeking defensive strategy to navigate uncertainties. With a track record of over 11 years since its inception in 2013, the Global X Hang Seng High Dividend Yield ETF (3110) aims to provide investors with high dividend returns, boasting an annualized dividend yield of 8.24%^[2] and a semi-annual dividend distribution target. (Dividend rate is not guaranteed, and dividends may be paid out of capital^[3])

Furthermore, the ETF offers lower volatility compared to the broad market. It tracks the Hang Seng High Dividend Yield Index, which has shown lower annualized volatility than the Hang Seng Index since 2014^[4], providing investors with a resilient option to build up an income source in their portfolios.

Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said: "We are thrilled that the Global X Hang Seng High Dividend Yield ETF has achieved another significant milestone. We take pride in offering investors the opportunity to strengthen portfolios with our diversified and innovative products under various market conditions."

The Firm now offers a total of 36 ETFs listed in Hong Kong, including 9 income ETFs, spanning a diverse array of investment capabilities from thematic growth, income, core to commodities.

About Mirae Asset Global Investments Group

Mirae Asset Global Investments Group (the "group") is an asset management organization with over US$254 billion in assets under management as of May 31, 2024^[5]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds ("ETFs"), and alternatives. Operating out of 25 offices worldwide, the group has a global team of more than 1,000 employees, including more than 200 investment professionals.

The group's global ETF platform features a line-up of 585 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.^[6] The group's ETFs have combined assets under management of US$124 billion and are listed in Australia, Canada, Colombia, Hong Kong (China), India, Japan, Korea, Vietnam, the United Kingdom, and the United States.^[7]

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features over 376 ETF strategies and over $84 billion in assets under management.^[8] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 19 global markets and the group's managed assets exceed US$602 billion in assets under management worldwide.^[9]

Mirae Asset Global Investments Hong Kong: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong:  www.globalxetfs.com.hk 

Important Information

Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

• Global X Hang Seng High Dividend Yield ETF's (the "Fund's") investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer specific factors.
• There is no assurance that dividends will be declared and paid in respect of the securities comprising the Hang Seng High Dividend Yield Index (the "Index"). Dividend payment rates in respect of such securities will depend on the performance of the companies or REITs of the constituent securities of the Index as well as factors beyond the control of the Manager including but not limited to, the dividend distribution policy of these companies or REITs.
• Whether or not distributions will be made by the Fund is at the discretion of the Manager taking into account various factors and its own distribution policy. There can be no assurance that the distribution yield of the Fund is the same as that of the Index.
• The Manager may at its discretion pay dividend out of the capital or gross income of the fund. Payment of dividends out of capital to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund's capital may result in an immediate reduction of the Net Asset Value per Unit.
• The trading price of the Fund's unit (the "Unit") on the Stock Exchange of Hong Kong is driven by market factors such as demand and supply of the Unit. Therefore, the Units may trade at a substantial premium or discount to the Fund's net asset value.
• As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund. The borrower may fail to return the securities in a timely manner or at all. The Fund may suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund's ability in meeting delivery or payment obligations from realisation requests.

Disclaimer

This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.

Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.

Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.

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