Mirae Assets Global Investments launches maiden Islamic fund

Hong Kong

HONG Kong-based Mirae Asset Global Investments has launched its first Syariah compliant Asian equities fund, part of efforts to widen its client base and tap into demand from Islamic investors in the Middle East and South-east Asia.

The launch adds momentum to the Islamic funds industry, which underwent a period of consolidation in recent years but is now attracting regional firms seeking to penetrate markets from Saudi Arabia to Indonesia.