HONG KONG -- (Marketwire) -- 11/04/12 --
•Horizons Exchange Traded Funds Series (formerly "Mirae Asset TIGER ETF Series") is an umbrella fund with a series of different sub-funds (the "Funds") which are exchange traded funds and which seek to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of their respective underlying indices. •Certain Funds are subject to concentration risk as a result of tracking the performance of a single country, single geographical region (Asia) or single sector. They are likely to be more volatile than a broad-based fund, such as a global equity fund, as they are more susceptible to fluctuations in value of the underlying indices resulting from adverse conditions in that single country, region or sector. •Certain Funds invest in Asian emerging markets and are therefore subject to greater risk of loss compared with investments in developed markets due to greater political, economic, taxation and regulatory uncertainty and risks linked to volatility and market liquidity. •An investment in the units of the Funds may directly or indirectly involve exchange rate risk. •The units of the Funds may trade at a substantial premium or discount to their net asset value. •Due to fees and expenses of the Funds, liquidity of the market, foreign exchange costs, and changes to the regulatory policies, the returns of the Funds may deviate from that of their respective underlying indices. •Investment involves risks. Investors may lose part or all of their investment. Investors should not base on this document alone to make investment decisions. Before making any investment decision, prospective investor should read the Funds' offering documents (available on www.horizonsetfs.com.hk) carefully for further details, including the product features and risk factors, and should consider seeking independent professional advice.
The Mirae Asset TIGER ETF Series and its eight sub-funds ("ETFs") have been renamed to reflect the synergies of the Horizons acquisition that was completed last year and saw a quadrupling of Mirae Asset Global Investments Group ("Mirae Asset")'s global ETF assets under management.
The Hong Kong-listed ETFs, of which seven were launched on 27 January 2012 and one (renamed "Horizons KOSPI 200 ETF") on 17 January 2011, also stand to benefit from the synergistic relationship that has brought together the global expertise and resources of Horizons ETFs Management (Canada) Inc. ("Horizons Canada") and the strong regional track record of Mirae Asset, which is one of the largest investors in emerging market equities(1).
Mr. Jung Ho RHEE, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, says, "The rebranding exercise will give added premium to the ETFs' heritage as the Horizons name reflects a model franchise with a sterling track record in Canada which Mirae Asset highly appreciates. This mutually-beneficial cross-border partnership will enable us to more efficiently capture investment opportunities around the world, strengthen our aptitude for innovation and create products to meet the evolving needs of our investors in Hong Kong."
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