Mirae Asset, Alibaba lead $150m funding in Indian online grocer BigBasket

Online grocer BigBasket, which is operated by SuperMarket Grocery Supplies Pvt. Ltd, is raising about $150 million in fresh funding from investors including South Korean firm Mirae Asset and Chinese e-commerce giant Alibaba.

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Horizons ETFs Receives Five Fundata FundGrade A+® Awards

TORONTOJan. 25, 2019 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is proud to announce that five of its exchange traded funds ("ETFs") have been awarded Fundata FundGrade A+®Awards ("Fundata Awards") for 2018:

ETF NAME

Category

Horizons Active Canadian Bond ETF ("HAD")

Canadian Fixed Income

Horizons Active Canadian Dividend ETF ("HAL")

Canadian Dividend & Income
Equity

Horizons Canadian Midstream Oil & Gas Index ETF ("HOG")

Energy Equity

Horizons Cdn Insider Index ETF ("HII")

Canadian Small/Mid Cap
Equity

Horizons S&P/TSX 60 Index ETF ("HXT")

Canadian Equity

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Global X Funds Expands International Offering to Include Full Suite of China Sector ETFs and Access to China Large-Caps

NEW YORK, Dec. 11, 2018 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of six China-focused ETFs, including five China Sector ETFs and one large-cap ETF.

The sector launches will join Global X's existing suite of six China Sector ETFs, resulting in a full offering that corresponds with each of the eleven major economic sectors identified by the Global Industry Classification Standard (GICS®). The suite will offer investors the first way to comprehensively access and evaluate the country's sectors in the liquid and transparent US ETF structure. The five sector funds launching today are:

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Mirae Asset adopts ‘dual-track’ China strategy

On top of having a QDLP licence, the Korean firm has received a private fund management (PFM) licence from the Asset Management Association of China (Amac), according to the agency’s records.

The PFM licence allows foreign fund managers to invest in a portfolio of onshore assets and permits the product’s sale to a maximum of 200 domestic qualified investors, which include high net worth individuals and institutions.

Mirae Asset Global Investments is the latest to receive an investment management wholly foreign-owned enterprise (IM WFOE) licence. The firm now has to roll out at least one private fund product in the next six months.


Korea's Mirae to launch Brazil's first fixed income ETF

Mirae Asset Global Investments is gearing up to launch Brazil’s first fixed-income ETF in partnership with S&P Dow Jones Indices.

The Mirae Asset Renda Fixa Pré Fundo de Índice is set to go live on September 10, according to the Korean asset manager and B3, Brazil’s leading stock exchange.

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Mirae Asset Expands ETF Business with Completion of Global X Acquisition

NEW YORKJuly 2, 2018 /PRNewswire/ -- Mirae Asset Global Investments Co., Ltd. (Mirae Asset), one of Asia's leading independent financial companies based in Seoul, South Korea, today announced that it has completed the previously announced acquisition of Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs) with $10.1 billioni in assets under management (AUM).

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