Important Information

Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

  • Global X India Select Top 10 ETF (the “Fund”) seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Mirae Asset India Select Top 10 Index (the “Underlying Index”).
  • The Underlying Index is a new index. The Underlying Index has minimal operating history by which investors can evaluate its previous performance. There can be no assurance as to the performance of the Underlying Index. The Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history. The Underlying Index is an equal weighted index whereby the Underlying Index constituents will have the same weighting at each rebalancing (but not between each rebalancing) regardless of its size or market capitalisation based on the methodology of the Underlying Index.
  • The Fund is a FPI registered with the SEBI. The applicable laws, rules and guidelines on FPI impose limits on the ability of FPI to acquire shares in certain Indian issuers from time to time and are subject to change. This may also adversely affect the performance of the Fund. The FPI status of the Fund may be revoked by the SEBI under certain circumstances. In the event the Fund’s registration as a FPI is cancelled, revoked, terminated or not renewed, this would adversely impact the ability of the Fund to make further investments, or to hold and dispose of existing investment in Indian securities. The Fund may be required to liquidate all holdings in Indian securities acquired by the Fund as a FPI. Such liquidation may have to be undertaken at a substantial discount and the Fund may suffer significant/substantial losses.
  • The Fund’s investments are concentrated in securities in India. The Fund’s value may be more volatile than that of a fund with a more diverse portfolio. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Indian market.
  • The Fund’s investments are concentrated in companies in various sectors and themes including communication services, information technology, financials, health care, consumer staples and consumer discretionary, industrials and energy. Fluctuations in the business for companies in these sectors or themes will have an adverse impact on the Net Asset Value of the Fund.
  • The number of constituents of the Underlying Index is fixed at 10. The Fund by tracking the Underlying Index may have a more concentrated investment portfolio than it would have held if tracking an index with a higher number of constituents, leading to higher risks of volatility.
  • High market volatility and potential settlement difficulties in the equity market in India may result in significant fluctuations in the prices of the securities traded on such market and thereby may adversely affect the value of the Fund. The BSE has the right to suspend trading in any security traded thereon. The Indian government or the regulators in India may also implement policies that may affect the Indian financial markets. There may also be difficulty in obtaining information on Indian companies as disclosure and regulatory standards in India are less stringent than those of developed countries.
  • The taxation of income and capital gains in India is subject to the fiscal law of India. The tax rate in respect of capital gains derived by a FPI on transfer of securities will vary depending upon various factors. Any increased tax liabilities on the Fund may adversely affect the Net Asset Value of the Fund. Any shortfall between the provision and the actual tax liabilities, which will be debited from the assets of the Fund, will adversely affect its Net Asset Value. For details, please refer to the section headed “Taxation in India” in the Prospectus.
  • Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition, the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund. The borrower may fail to return the securities in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from redemption requests.
  • The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Fund’s Net Asset Value.
  • Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.

Global X India Select Top 10 ETF

Unleash the Power of the Indian Economy with Global X India Select Top 10 ETF (3184)

India, known for its robust economic growth and vast market potential, continues to attract the attention of global investors. However, recent reports suggest that the investment landscape in India is experiencing a certain degree of bullish sentiment, accompanied by stretched valuations.

Global X India Select Top 10 ETF (3184), track the performance of the top companies from communication services, information technology, finance, healthcare, consumer goods, industrial, and energy sectors listed on the Bombay Stock Exchange. These sectors are considered to be the most representative of the Indian economy.

Tap into India's Booming Economy

Global X India Select Top 10 ETF (3184)

India's Long-Term Growth Story

India's long-term growth potential is driven by factors such as a young and expanding population, a rising middle class, and increasing urbanization. These factors create a sizable domestic market and present numerous opportunities for businesses across various sectors, including consumer goods, retail, healthcare, and financial services.

The Multi-Year Capex Cycle and GDP Growth

India's multi-year capex cycle, characterized by increased investments in housing, corporate capex, and government capex, is expected to drive robust GDP growth of 6-7% over the next 5-7 years. (Souce: Jefferies, Jan 1, 2024) The virtuous housing cycle, low corporate debt-to-equity ratios, and a well-capitalized banking system contribute to the positive outlook for corporate capex. While a potential slowdown in government capex is anticipated, the private sector's capex pickup is expected to offset the decline.

Foreign Inflows and Banking Stocks

Foreign investor positioning in India is relatively light, and increased foreign portfolio investment is expected in the coming year. Factors such as a peaking US dollar, the upcoming elections, and India's growing significance in global markets could attract foreign inflows. Banking stocks, in particular, stand out as having favourable risk-reward characteristics and the potential for earnings surprises, making them an attractive sector for investment.

Why Invest Now?

While India's growth story remains compelling, the current investment landscape requires careful consideration. Valuations for Indian equities are at top-decile levels, and the market is trading at a significant premium relative to its historical average. This, coupled with the potential for a "perfect" soft landing scenario in the US economy, may lead to increased market volatility and the need for cautious optimism. Investors should be mindful of the risks associated with high valuations and manage their expectations for near-term returns.

Why invest with Global X India Select Top 10 ETF (3184)?

Selectivity and Mega-Caps

Given the stretched valuations, it is crucial to be selective in investment choices. Mega-cap companies, banks, insurance, and energy sectors are favored due to their potential resilience in the market. Mega-caps are expected to attract a larger share of foreign institutional inflows, particularly from non-India dedicated funds. This preference for larger companies over small and mid-caps reflects the cautious sentiment prevailing in the market.

ETFs as Investment Vehicles

Exchange-Traded Funds (ETFs) offer a convenient and diversified way to invest in India. ETFs pool together a basket of securities and trade on stock exchanges like individual stocks. By investing in an ETF, investors gain exposure to a broad range of Indian stocks, sectors, or indices, reducing the risk associated with individual stock selection. ETFs also provide liquidity and transparency, making them an attractive option for both retail and institutional investors.

Why ETF?

For a number of reasons, including diversification, lower fees than single stock, simplicity of trading, and exposure to particular markets or sectors, retail investors may decide to participate in ETFs. Because they enable users to buy a collection of equities in a single trade, ETFs are frequently viewed as a practical solution for ordinary investors to obtain exposure to a variety of assets.

3184Global X India Select Top 10 ETF

Stock Code3184 (HKD) #
Underlying IndexMirae Asset India Select Top 10 Index *
Ongoing Charges Over A Year^
0.68%
Inception Date18 Mar 2024

# Investment involves risk. Before making any investment decision to invest in the Fund, investors should read the Fund’s Prospectus for details and the risk factors. Visit Global X ETFs Hong Kong website for more details relating to this Fund (including but not limited to the Fund’s iNAV, market price, performance, daily holdings and tracking difference / error).
* The Underlying Index is a net total return, equal weighted index. A net total return index reflects the reinvestment of dividends or coupon payments, after deduction of any withholding tax (including surcharges for special levies, if applicable).
^ The Fund adopts a single management fee structure, whereby a single flat fee will be paid out of the assets of the Fund to cover all of the costs, fees and expenses of the Fund. Click [?] to learn more.

Why Global X ETFs?

As a member of Mirae Assets, we benefit from its global asset management expertise and worldwide network. This enables us to provide diversified investment products and client portfolio solutions to deliver the best result to different region investors.

How to Buy ETF?

Step
1

Create a brokerage account

ETFs can be traded through online brokers. A brokerage account allows you to trade ETFs, stocks and other investment products.
Step
2

Fund the account

After you have created a brokerage account, you will need to fund the account before you can start investing in ETFs. Usually, you can fund your brokerage account in different ways, but the exact way will depend on the broker.
Step
3

Search for ETFs

After funding your account, you can search for ETFs and trade in the same way that you would do for shares of stocks.
Step
4

Confirm and purchase

Check carefully the amount that you would like to purchase and then confirm to complete your order.

This website is intended for Hong Kong investors only. Your use of this website means you agree to our Terms of use . This website is strictly for informational purposes only and does not constitute a representation that any investment strategy is suitable or appropriate for an investor’s individual circumstances. In 2018, Global X was acquired by Mirae Asset Global Investments and Mirae Asset Global Investments Co., Ltd. is the parent company of Mirae Asset Global Investments (Hong Kong) Limited.

The information contained in this website is for information purposes only and does not, constitute any recommendations, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Product will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance.

Before making any investment decision to invest in the Product, investors should read the Product’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Product and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments.

Certain information contained in this website is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”), the Manager of the Product, has, to the best of its endeavor, ensured that such, information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information. Mirae Asset HK accepts no liability for, any loss or damage of any kind resulting out of the unauthorized use of this website.

The Products are not sponsored, endorsed, issued, sold or promoted by their index providers. For details of an index provider including any disclaimer, please refer to the relevant Product’s offering documents.

The contents of this website is prepared and maintained by Mirae Asset Global Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.

Forecasts, past information and estimates have certain inherent limitations. Statements concerning financial market trends or portfolio strategies are based on current market conditions, which will fluctuate. There is no guarantee that these opinions are suitable for all investors and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.

Investing in the Equity ETF(s) may expose to risks (if applicable) including general investment risk, equity market risk, sector/market concentration risk, active / passive investment management risk, tracking error risk, trading risk, risk in investing financial derivative instruments, securities lending risk, distributions paid out of capital or effectively out of capital risk.

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