Mirae Asset Unleashes its Global X USD Money Market ETF

The launch of the Global X USD Money Market ETF (3137) is a key strategic move of Mirae Asset to enhance its footprint in the fixed income market.
This new product is the firm’s first actively managed fixed income ETF.

June 29, 2023, Hong Kong – Mirae Asset Global Investments (Hong Kong) Limited, (the “Firm” or “Mirae Asset”) today announced the launch of its new Global X USD Money Market ETF (3137) to be listed on the Hong Kong Stock Exchange. The ETF invests in short term deposits and high-quality money market instruments, aiming at achieving a return in line or above the prevailing USD money market rate.

The Global X USD Money Market ETF (3137) is designed to provide investors with an appealing yield at a competitive cost. It’s the Firm’s first actively managed fixed income ETF that listed in Hong Kong. Given the nature of money market ETF which is investing into high-quality and short-term obligations with minimal risk, this ETF could be an investment tool for investors to earn additional yield from their idle cash in bank accounts.

Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said: “We are pleased to offer investors the opportunity to invest in the Global X USD Money Market ETF (3137) amidst the current high interest rate environment. This ETF will enable them with the flexibility to manage their idle funds while they await the optimal timing to re-enter the capital market. By adding this actively managed ETF to its fixed income product line-up, we are committed to delivering diversified investment solutions for investors seeking to generate income from their portfolios across various market environments.”

The Global X USD Money Market ETF (3137) provides access to a range of high-quality money market instruments, such as bank deposits, certificates of deposit, and short-term bonds. This ETF provides a choice for investors who are looking for a diversified and liquid portfolio generating a relatively stable source of income.

With this new ETF, the Firm now offers a total of 26 ETFs listed in Hong Kong, including three fixed income ETFs. These ETFs cover a range of investment capabilities, including thematic growth, income, core, and commodities.

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