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Presenting
India's First
^
Pure China Fund
Mirae Asset
China Advantage Fund
An open ended fund of funds scheme
Mirae Asset China Advantage Fund, an open ended fund of funds scheme is India's first Pure China Fund^ that seeks to benefit
from the China Growth story.
( Source: www.amfiindia.com)
^
China - A long term growth story!
Construction Spending
12000
in Europe today there are 35 cities of that size
300mn Middle Class
Average Wage of China (RMB)
Middle class size to double in size
nationwide over the next 10 years
40000
30000
8000
Wage
6000
4000
20000
10000
2000
30
25
Favorable PE
GDP growth in Q1’11 recorded 9.5%
China’s current PE multiple is at 12 year
historical low.
The fastest growing economy in the world has
been growing at an average of 9+% for the
past 30 years
20
15
10
5
0
1/2/2006
1/2/2007
1/2/2008
1/2/2009
Period
1/2/2010
1/2/2011
13.5% of Global GDP was generated
in China in 2010
2007
2001
2004
1998
1992
1995
1986
1989
Period
China’s GDP (YOY)
Percentage
Period
MSCI China 12M Fwd PE
1980
in 1981, GDP per capita in China was
USD 195
2004 2005 2006 2007 2008 2009 2010
PE
0
GDP per capita is USD 4,382
0
1983
Spends
10000
China will have 200 cities with more than 1mn
inhabitants
16
14
12
10
8
6
4
2
0
China GDP(YOY)
China’s contribution to global GDP is exceed
that of the US by 2020
Period
Source: Bloomberg
Why should you invest in Mirae Asset China Advantage Fund (MACAF)?
a. India's first pure China Fund
Mirae Asset China Advantage Fund is India's first Pure China fund^. It seeks to generate long term capital appreciation by
investing predominantly in units of the master fund Mirae Asset China Sector Leader Equity Fund (MACSLEF) and/ or units of
other mutual fund schemes, units of ETFs investing in equities and equity related securities of companies domiciled in or having
their area of primary activity in China and Hong Kong.
( Source: www.amfiindia.com)
^
b.Key themes: Mirae Asset China Advantage Fund seeks to benefit from the following key themes influencing growth in the
Chinese economy as summarized below:
Ÿ Consumption: With emerging middle class households, brand awareness amongst the younger generation and an
increasing number of super-rich are expected to support consumer spending
Ÿ Service: The ongoing urbanization and increasing big and mid-sized cities will bring huge service demand for urban living.
Also low cost side pressure provides advantage to leading players in the market
Ÿ Consolidation & Deregulation: Consolidation to increase economies of scale while privatization of companies will lead to
higher profitability over state owned enterprises
Ÿ Clean Energy: Government enforcing aggressive alternative energy plans to bring down fossil fuel dependence of the
economy
Mirae Asset China Sector Leader Equity Fund (Master Fund)
Ÿ Conferred an ‘A’* rating by Standard and Poor's (S&P) on the back of consistent investment approach, robust performance
relative to its benchmark (MSCI China)
Ÿ Invests predominantly in H shares (90-95%) and a minor portion in B- shares and Red Chips (5-10%). The master fund
focuses on mainland China thereby allowing its investors to benefit from the growth potential of local Chinese companies
Investment Details for Mirae Asset China Advantage Fund
Ÿ Investment objective: The fund seeks to generate long term capital appreciation by investing predominantly in units of
MACSLEF &/or units of other mutual fund schemes, units of exchange traded funds, units of exchange traded schemes that
focus on investing in equities & equity related securities of companies domiciled in or having their area of primary activity in
China & Hong Kong
Ÿ Minimum Investment Lump Sum: 5,000/- (multiples of Re. 1/- thereafter)
Ÿ Systematic Investment Plan (SIP): Rs. 1000/- (multiples of Re.1/ - thereafter)
Ÿ Investment options: Regular plan with Growth & Dividend options
Ÿ Benchmark Index: MSCI China (INR)
Ÿ Load Structure: Entry Load: Nil. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry
load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the
investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service
rendered by the distributor. Exit Load: Redemption within 1 year (365 days) from the date of allotment - 1.00%. Redemption
after 1 year (365 days) from the date of allotment - NIL
Emerging Market Experts
Mirae Asset Global Investments Group is today one of the world's largest equity investors in Emerging Markets with over US$ 17
billion of investments (as on September 2011). Its local presence in of the emerging markets enables its investment managers to
identify emerging trends at an early stage thereby benefiting investors.
Disclaimer: *MIRAE ASSET CHINA SECTOR LEADER EQUITY FUND (SICAV), rated A in Standard & Poor's "Long only Fund Rating" classification in the peer group of "HongKong and Chinese Equities" for the three year period
ended July 31, 2011 (283 funds were considered in the category). The ratings are based on the fund demonstrating high standards of quality based on its investment process, risk awareness and consistency of performance as of April
29, 2011 and are subject to change every year. An S&P Fund Management Rating represents an opinion only and should not be relied on when making an investment decision. "S&P" and "Standard & Poor's" are trademarks of The
McGraw-Hill Companies, Inc. Copyright © 2011 Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. Performance Data Source - © 2011 Lipper Inc. All rights reserved. All
statistical data on this report has been run up to 29 April 2011 on NAV to NAV basis, with gross income reinvested in USD. Symbols and definitions - AAA The fund demonstrates the highest standards of quality in its sector based on its
investment process and management's consistency of performance as compared to funds with similar objectives. AA - The fund demonstrates very high standards of quality in its sector based on its investment process and
management's consistency of performance as compared to funds with similar objectives.
Mirae Asset China Advantage Fund (An open ended fund of funds scheme): Investment Objective: The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in units of
Mirae Asset China Sector Leader Equity Fund and/or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their
area of primary activity in China and Hong Kong. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Domestic Mutual Funds, in order to meet liquidity
requirements from time to time. The Scheme does not guarantee or assure any returns. Risk Factors: Mutual funds investments are subject to market risks and there is no assurance or guarantee that the objectives of the
scheme will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the units issued under the Schemes can go up or down depending on the factors and forces affecting the capital markets.
Past performance of the Sponsor/AMC/Mutual Fund does not indicate the future performance of the Schemes of Mirae Asset Mutual Fund. The sponsors are not liable or responsible for any loss resulting from the operation
of the fund beyond the initial contribution made by them of an aggregate amount of Rupees One Lakh towards setting up of the fund. Mirae Asset China Advantage Fund is only the name of the scheme & does not in any manner
indicate either the quality of the scheme or its/their future prospects or returns. Please see "Risk Factors", "Scheme Specific Risk Factors and Special Consideration" and "Right to limit redemptions" in the Scheme Information
Document (SID). The unit holders in the Schemes are not being offered any guaranteed/indicative/assured returns. A copy of Scheme Information Document (SID) / Key Information Memorandum cum Application form will be
available at AMC offices/AMC web-site www.miraeassetmf.co.in / Investor Service Centre / Distributors on request. Please read the Scheme Information Document (SID) & Statement of Additional Information (SAI) carefully
before investing and retain the SID & SAI for future references.
( 1800 1020 777 (Toll free)
* [email protected]
SMS ‘INVEST’ to 9243000300
www.miraeassetmf.co.in
Mirae Asset Global Investments (India) Pvt. Ltd.
Unit No. 606, 6 Flr., Windsor Building, Off C. S. T. Rd., Kalina, Santacruz - (E), Mumbai - 400098.
th
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