Consumer and environment the “defining stories” of the 2020s

Hong Kong-based Mirae Asset Global Investment has launched three new ETFs, with China and ESG themes. The new investment products include Global X China Consumer Brand ETF, Global X China Electric Vehicle ETF and Global X China Clean Energy ETF, and will trade on the Hong Kong Stock exchange in both US and Hong Kong dollars.

“The consumer and environment are set to be the major defining stories for China as we enter the 2020s,” said Mirae’s head of Asia ETFs, Wanyoun Cho. “Companies in the consumer, electric vehicles and clean energy space are enjoying the coattails of a growing economy, increasingly affluent population and government support. The new ETFs provide broad coverage to these dynamic and fast-shifting investment ideas.”

Mirae Asset Global Investment is a member of Mirae Asset Financial Group, one of the largest independent financial groups in Asia, with global managed assets exceeding US$369 billion.

Mirae’s new products join several new ESG-focused funds launched globally this week, including 8 new ESG-themed ETFs from Canada’s BMO, and an ESG Mutual fund set up by India’s Axis Mutual Fund.