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HONG KONG, July 26, 2024 /PRNewswire/ -- Mirae Asset Global Investments (Hong Kong) Limited, (the "Firm" or "Mirae Asset") is delighted to celebrate that the Global X US Treasury 3-5 Year ETF (3450) has surpassed US$100 million in AUM, marking it a significant achievement within just a few weeks since its launch in July this year.
The total AUM size of the Global X US Treasury 3-5 Year ETF (3450) now surpass US$100 million as of July 26, 2024, solidifying its position as the largest US Treasury ETF by AUM listed in Hong Kong.[1] Short-term Treasuries offer a balanced option between potential yield and lower volatility. With rising market expectations for rate cuts in 2024, bond prices are anticipated to increase. Investors are increasingly turning to US Treasuries to capture the market opportunity. The Global X US Treasury 3-5 Year ETF (3450) is a unique offering in the Hong Kong market, providing investors with exposure to short-term Treasuries.
Furthermore, the ETF serves as an investment vehicle for Hong Kong investors to trade US Treasuries during local trading hours. Hong Kong investors investing in Hong Kong-listed US Treasury ETFs are not subject to withholding tax.
Ms. Xinyi Sun, Head of Fixed Income ETF Portfolio Management of Mirae Asset Global Investments (Hong Kong) Limited, said: "We are thrilled that the Global X US Treasury 3-5 Year ETF has achieved its first milestone with rapid growth in just a few weeks since its recent launch this month. This achievement once again demonstrates that investors are actively seeking diversified and innovative strategies. We are well-positioned to continue offering unique products to our investors."
The Global X US Treasury 3-5 Year ETF (3450) tracks the Mirae Asset US Treasury 3-5 Year Index. With this new ETF, the Firm now offers a total of 36 ETFs listed in Hong Kong, including 5 fixed 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[2]. 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.[3] 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.[4]
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.[5] 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.[6]
Mirae Asset Global Investments Hong Kong: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong: www.globalxetfs.com.hk
[1] Source: Mirae Asset, HKEX (Exchange Traded Products, Government Bond, US), July 26, 2024. [2] Source: Mirae Asset Global Investments, May 31, 2024. [3] Source: Mirae Asset Global Investments, May 31, 2024. [4] Source: Mirae Asset Global Investments, May 31, 2024. [5] Source: Mirae Asset Global Investments, May 31, 2024. [6] Source: Mirae Asset Financial Group, March 31, 2024. |
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