Traditional Investments Equities - KB

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.