Objective
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Mirae Asset AI Semiconductor & Quantum Index (the “Index”). The Fund is passively managed. The Fund will aim to achieve its investment objective by attempting to replicate the composition of the Index by investing primarily in a portfolio of equity securities that as far as possible and practicable consists of the component securities of the Index in similar proportions to their weightings in the Index and in American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) based on the securities in the Index. The Index is designed to provide exposure to companies in developed markets and emerging markets that are involved in the Artificial Intelligence (“AI”) semiconductor & quantum ecosystems. Artificial Intelligence means the simulation of human intelligence processes by machines such as computer systems. This includes companies involved in the design and manufacturing of semiconductor chips specifically for AI or AI-related applications, the development of AI-focused hardware systems, the provision of critical infrastructure and cooling equipment for AI data centres, and the advancement of quantum computing technologies. When not possible or practicable to invest directly in or continue to hold all of the component securities of the Index, the Fund may invest in depositary receipts relating either to components securities of the Index or to equity securities of the type referred to above; and financial derivative instruments (“FDIs”), namely, total return “unfunded” OTC swaps and exchange-traded equity futures for investment purposes. The Fund may enter securities lending transactions, investing in repurchase and reverse repurchase transactions and collective investment schemes, for the purposes of efficient portfolio management only. The Fund’s base currency is USD.
- Leverage -
- Currency hedgingNo