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- The launch of the Global X US Treasury 3-5 Year ETF (3450) enriches Mirae Asset's suite of fixed income ETFs
- With a total of 36 ETFs listed in Hong Kong[1], Mirae Asset is well-positioned to meet the diverse demands of investors seeking income-investing and thematic growth strategies
HONG KONG, July 11, 2024 /PRNewswire/ -- Mirae Asset Global Investments (Hong Kong) Limited, (the "Firm" or "Mirae Asset") today announced the launch of its new Global X US Treasury 3-5 Year ETF (3450). The fund, which begins trading on the Hong Kong Stock Exchange ("HKEX") today, provides investors with convenient access to US Treasuries.
US Treasuries, often considered a low-risk asset, are currently renowned for their historical high yield levels since the Global Financial Crisis. Intermediate-term US Treasury Bonds provide a balanced option between returns and volatility across interest rate cycles. As market expectations for rate cuts in 2024 rise, bond prices are anticipated to increase. Investors are seeking US Treasury Bonds to manage price and income returns.
However, accessing the US Treasury Bond market could be inconvenient for Hong Kong investors due to factors such as differing trading hours and dividend withholding taxes from the US market. The Global X US Treasury 3-5 Year ETF (3450) emerges as an efficient solution. The ETF serves as an investment vehicle for Hong Kong investors to trade US Treasury Bonds during Hong Kong local trading hours.
Ms. Xinyi Sun, Head of Fixed Income ETF Portfolio Management of Mirae Asset Global Investment (Hong Kong) Limited, stated "We are thrilled to introduce this Global X US Treasury 3-5 Year ETF to the market, which will enhance our suite of income-generating investment products for investors. With the anticipated rate cuts by the US Federal Reserve in the coming months, this ETF will provide investors with a compelling tool to capitalize on potential capital appreciation opportunities, while maintaining a favorable risk-return profile."
Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said: "The launch of this ETF bolsters our suite of fixed income ETFs, offering investors access to diversified sources of income. We remain committed to enhancing our product lineup to cater the evolving needs of 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$245 billion in assets under management as of March 31, 2024[2]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds ("ETFs"), and alternatives. Operating out of 26 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 558 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$119 billion and are listed in Australia, Canada, Colombia, Hong Kong SAR, 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 254 ETF strategies and over $50 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 Global Investments, July 11, 2024.
[2] Source: Mirae Asset Global Investments, March 31, 2024.
[3] Source: Mirae Asset Global Investments, March 31, 2024.
[4] Source: Mirae Asset Global Investments, March 31, 2024.
[5] Source: Mirae Asset Global Investments, December 31, 2023.
[6] Source: Mirae Asset Financial Group, March 31, 2024.
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