Mirae Asset Asset Management announced on the 15th the launch of 'Mirae Asset Alpha Selection Mixed Asset Investment Trust (Private Investment Re-Indirect Type),' a public fund that invests in private funds. The new product focuses on long-only equity strategies, expanding the company's lineup beyond its existing stable strategy offerings. The launch aims to meet demand from investors seeking high-risk, high-return opportunities while removing the typical 300 million won minimum investment barrier for private fund access.
Mirae Asset Launches Alpha Selection Fund on the 15th
Mirae Asset Asset Management launched 'Mirae Asset Alpha Selection Mixed Asset Investment Trust (Private Investment Re-Indirect Type)' on the 15th. The fund invests in major domestic private funds, allowing general investors to access private fund investments without the typical minimum investment requirement of 300 million won. The product enables small-scale investments in high-quality private funds.
Fund Focuses on Long-Only Equity Strategies
The fund concentrates on incorporating long-only strategy funds based on listed stocks among private funds. The company plans to also operate long-short strategy funds in parallel depending on market conditions to defend performance. Mirae Asset Asset Management expects the product launch to satisfy demand from investors pursuing high-risk, high-return strategies.
Company Track Record in Private Fund-of-Funds Products
Mirae Asset established 'Mirae Asset Hedge Fund Selection Mixed Asset' in 2017, launching Korea's first private re-indirect public fund. The product currently holds 440 billion won in net assets and has established itself as a leading domestic private investment re-indirect public fund. The company recently demonstrated competitiveness in private investment re-indirect public funds. The previously launched National Participation-type National Growth Fund was released as a private investment re-indirect public fund structure, with first-round sales selling out on the launch day. Mirae Asset Asset Management participated as the mother fund operator.
Representative Comments on Product Launch
Seong Tae-kyung, Head of Channel Solutions Division at Mirae Asset Asset Management, stated, "We introduced this product to broaden investor choice based on the private and hedge fund management and selection capabilities that Mirae Asset Asset Management has accumulated over the past 10 years." Seong added, "We expect it to become an efficient investment solution that allows diversified investment in various excellent management strategies while reducing the burden of directly investing in individual private funds."
FAQ
What is the minimum investment amount for Mirae Asset Alpha Selection fund?
The fund removes the typical 300 million won minimum investment barrier for private fund access, allowing general investors to invest in private funds with small amounts.
What investment strategy does the Alpha Selection fund focus on?
The fund concentrates on long-only strategy funds based on listed stocks among private funds, and plans to operate long-short strategy funds in parallel depending on market conditions to defend performance.
