Summary:
MUMBAI, India, Aug.
16, 2022 /PRNewswire/ -- Mirae Asset Mutual Fund, one of the fastest growing fund houses in India, has announced the launch of its two new funds - Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund (An open-ended fund of fund scheme investing in overseas equity Exchange Traded Funds which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials) and Mirae Asset Global X Artificial Intelligence and Technology ETF Fund of Fund (An open-ended fund of fund scheme investing in units of Global X Artificial Intelligence & Technology ETF).
These are first such funds based on companies involved in future technology to be launched in India in the Mutual Fund Industry.
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund (EV FoF) will be investing in overseas ETFs which are based on companies from different geographies catering to in the development of Electric and Autonomous Vehicles and related technology, components and materials.
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (AI FoF) will be investing in units of Global X Artificial Intelligence & Technology ETF.
GlobalX is a leading ETF provider headquartered in New York, presently manages more than US$40bn AUM in thematic ETFs.
Global X ETFs is a member of Mirae Asset Financial Group.
(source: GlobalX, as on June 30,2022) Both NFOs will be open for subscription on August 16, 2022 and close on August 30, 2022.
Both the funds will be managed by Mr.