Download MACAF ONE PAGER.cdr

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
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
25
20
15
10
5
0
1/2/2006
1/2/2007
1/2/2008
1/2/2009
1/2/2010
1/2/2011
Period
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’s contribution to global GDP is exceed
that of the US by 2020
China GDP(YOY)
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 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 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
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
Mirae Asset Financial Group
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 the emerging markets
enables its investment managers to identify emerging trends at an early stage thereby benefitting investors.
‘Mutual Fund investments are subject to market risks, read all scheme related documents carefully.’
( 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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