Traditional Investments

EQUITIES

Mirae Asset invests in companies with sustainable competitiveness, which best captures the growth opportunities of emerging markets, while managing long-term risks.

Global Network

Mirae Asset’s equity products are powered by its global network of dedicated investment professionals based in strategic locations throughout the world and emerging markets. We operate independently and manage Emerging Market, Asia and Global equity investment strategies.

Bottom up Fundamental Analysis

Our investment philosophy is centered on generating value for investors and is an extension of Mirae Asset’s investment principles. We believe that returns are achieved by identifying the sustainable competitiveness of companies via bottom up fundamental analysis, where stable earnings and cash flow growth will lead to rising share prices as these companies add considerable value over time.

Long-term Active Management

We use extensive bottom-up research to identify good quality companies and add value from highly active management. Our process involves intensive and ongoing scrutiny at the company level, and not frequent portfolio trading for short-term profits. We are long-term investors and feel that our investment process is the best guide to the prospects of a company and its inherent worth rather than indices and therefore do not use indices as a starting point for building our portfolios.

Our Approach to Risk Management

We see investing in a bad company after insufficient due diligence as being the highest risk in a portfolio and therefore incorporate risk management at every stage of our investment process, with our investment team working alongside risk management to pinpoint risk at all levels. Our portfolios represent our best investment ideas, reflecting our in-depth, fundamental research.

Investment Process

We mainly focus on bottom-up research, so we are not seeking to exploit market or behavioral anomalies. However, analysis of macro aspects is considered when evaluating each company at the initial stages of the bottom-up research. Also, when portfolio managers execute orders, they put market conditions into consideration.

We believe a successful company has competitive advantages in terms of market positioning, business model, corporate governance, and financial strength. The best way to identify companies with sustainable competitiveness is by attaining an in-depth understanding of the firm’s fundamentals through vigorous bottom-up analysis and research.

FIXED INCOME

Mirae Asset’s disciplined fixed income investment style and process, supplemented by our proprietary management systems, enable us to offer a wide array of fixed income products and solutions. These are designed to fulfill market demands for stable long-term performance and spearhead the fixed income industry with best-in-class innovation

Global Network

Mirae Asset has extensive resources devoted to its fixed income capability, with a global team headquartered in New York, operating in four international cities. Mirae Asset’s team of global fixed income portfolio managers, macro analysts and credit analysts collaborate to identify shifts in underlying credit fundamentals and evaluate the risk-adjusted attractiveness of varied fixed income investments.

Dynamic Investing

With respect to fixed income investing, Mirae Asset believes that optimum risk-adjusted returns can be achieved by adjusting a portfolio's exposure to different types of bonds, in response to the findings of the team's macroeconomic research. Capital preservation – an essential component of the team's strategy – is targeted through diversification, market analysis and risk management. This approach to fixed income investing is accurately described as top-down, with personnel and infrastructure devoted to macroeconomic research focused on sovereign debt issuers in both developed and emerging markets.

Investment Process