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 Defence Tech Index (the “Index”). The Fund is passively managed. The Fund will aim to achieve its investment objective by attempting to replicate the performance 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 aims to provide exposure to defence technology (“Defence Tech”) companies, in either developed and emerging markets excluding China (A-Shares and B-Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia which are positioned to benefit from technology, services, systems, and hardware that cater to the defence, and military sector. When not possible or practicable to 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 into securities lending transactions, investing in repurchase and reverse repurchase transactions and certian collective investment schemes, for the purposes of efficient portfolio management only. The Fund’s base currency is USD.
- Leverage100
- Currency hedgingNo