Mirae Asset Hang Seng Tech

About Mirae Asset Hang Seng Tech ETF

• Mirae Asset Hang Seng Tech ETF is an open-ended International Equity scheme managed by Mirae Asset Mutual Fund House.
• This index includes technology companies primarily involved in sectors such as information technology, digital entertainment,
  e-commerce and other tech-related industries. It features some of the largest and most influential tech firms in Hong Kong.
• The fund was launched on December 6, 2021.
• The scheme’s assets under management (AUM) stood at ₹245.33 crore as of June 30, 2024.
• Siddharth Srivastava has been the fund manager of Mirae Asset Hang Seng Tech ETF since December 2023.
• Investors can buy and sell shares of the ETF throughout the trading day at market prices, similar to individual stocks.
• The ETF can be bough directly through a demat account with a registered broker.

Investment Objective & Benchmark

• The objective of the Mirae Asset Hang Seng Tech ETF is to offer returns that replicate the performance of equity stocks as part of the underlying index.
• It is benchmarked against Hang Seng Tech TRI that tracks the performance of technology and technology-related companies listed on the Hong Kong Stock Exchange (HKEX),
• The ETF provides exposure to the 30 largest tech-centric Chinese companies, which allow exposure to the technology sector.
• The top 30 securities with the highest market value rank will be selected as constituents.
• The Mirae Asset Hang Seng Tech ETF follows a passive investment approach.
• The risk profile of Mirae Asset Hang Seng Tech ETF is very high.
• The index is reconstituted and reviewed for constituent changes every quarter with a stock cap of 8%.
• By investing in the ETF, investors gain exposure to a diverse set of technology companies leading innovation in the tech space.

Asset Allocation & Portfolio Composition

• Overall asset allocation is around 99.75% in international equity and 0.25% in cash & cash receivable.
• The ETF invests predominantly in giant and large-cap funds, allocating 95% of the funds.
• Top 10 company holdings make up 78.45% of the asset allocation.

Top 10 holding of funds in stocks:

• Tencent Holdings Ltd: 8.39%
• Meituan: 8.33%
• Xiaomi Corporation: 7.89%
• Alibaba Group Holding Limited: 7.85%
• JD. com Inc: 7.50%
• Kuaishou Technology: 7.05%
• Netease Inc 6.10%
• Li Auto Inc 5.74%
• Lenovo Group Ltd 5.26%
• Semiconductor Manufacturing International Corp 4.24%

The ETF has delivered a return of -7.8% as of June 30, 2024, compared to the benchmark index's yield of 6.38%

Since its inception, the scheme has posted a return of - 13.64%