Mirae Asset targets ESG and active strategies with new Hong Kong ETF listings

Mirae Asset targets ESG and active strategies with new Hong Kong ETF listings

Mirae Asset Global Investments’ Hong Kong unit has rolled out three new exchange traded funds in the territory.

The Seoul-headquartered fund firm has listed the Global X Hang Seng ESG ETF, Global X Metaverse Theme Active ETF and Global X Electric Vehicle and Battery Active ETF, bringing the total number of Hong Kong-listed Global X ETFs to 35.

The new Hang Seng ESG ETF is Mirae Asset’s second sustainable ETF listed on the Hong Kong bourse, following the launch of the Global X China Clean Energy ETF in January 2020.

The new green ETF is pegged to the HSI ESG Enhanced index, providing exposure to the Hong Kong stock market with ESG considerations factored in.

Mirae Asset said more investors were now more aware of the need to factor in sustainability considerations into their investment portfolio.

“This demand for greater corporate sustainability will continue to grow as governments and regulators around the world implement policies aimed at achieving carbon neutrality and social equality,” the asset manager said in a statement.

Jungho Rhee, chief executive of Mirae Assets Global Investments Hong Kong, said green mobility and the metaverse were key themes transforming the global economy.

The global metaverse active ETF provides exposure to the evolving metaverse growth drivers.