Mirae Asset Asia Fund Wins 2015 Lipper Award

NEW YORK, April 1, 2015 /PRNewswire/ -- Mirae Asset Global Investments (USA) LLC ("Mirae Asset USA"), one of the world's largest investors in emerging markets*, today announced that its Asia Fund (MILAX) received a 2015 Best-in-Class Lipper Award.

The Asia Fund-Class I (MILAX) won the 2015 Lipper Fund Award Best Fund Over 3 Years in the Pacific Ex-Japan Category among 41 funds as of 12/31/14 in the Asset Class Group.  The Lipper Fund Awards program honors funds and funds management that have excelled in consistently delivering strong-risk adjusted performance, relative to their peers.¹

"Winning this Lipper Award reflects the deep understanding of local Asian market dynamics that we believe differentiates Mirae Asset from our peers," said Rahul Chadha, Portfolio Manager of the fund. "Our process and regional expertise is what allows us to consistently perform across the wide range of market and economic conditions that exist throughout this dynamic region."

The Asia Fund seeks long-term capital growth by investing in equity securities deemed by Mirae Asset to be "Sector Leaders". Mirae Asset applies extensive bottom-up research to identify companies which can maintain or achieve a dominant position within their market. Relying on a widespread investment management team based throughout Asia, Mirae Asset looks for companies that may have an existing advantage such as market share, barriers to entry, and brand recognition as well as uncovering early winners in industries where entrepreneurship can produce long-term global competitiveness.

Mirae Asset USA manages over $4.6 billion in equity and fixed income assets. Its mutual fund products focus on emerging markets and Asia-centric strategies that leverage Mirae Asset's emerging market heritage and on-the-ground presence seeking to deliver high-conviction portfolios and quality long-term performance. As of February 28, 2015, based on their risk-adjusted returns, Asia Fund - Class I received a five-star Morningstar rating for overall and three-year risk-adjusted performance in the Pacific/Asia ex-Japan category out of 73 funds.² To learn more about Asia visit:  www.miraeasset.us/press

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¹ The Fund may experience negative performance. Lipper designates award-winning funds in most individual classifications for the three-, five- and ten-year periods and fund families with high average scores for the three year time periods.

² Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar rating for a Fund is derived from a weighted average of the performance figures associated with its 3-year Morningstar Ratings metrics.

The Lipper Fund Awards are presented annually and are not a ranking of performance. Methodology is performance based. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts and investor relations teams. The Thomson Reuters Awards for Excellence also include the extel survey awards, the starmine analyst awards, and the starmine broker rankings. For more information, please contact [email protected] or visit excellence.thomsonreuters.com.

©2015 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For each fund with at least a three-year history, Morningstar® calculates a Morningstar® Rating based on a Morningstar® Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance.  The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star.  (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)  The overall Morningstar® Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and (where applicable) ten-year ratings.  Morningstar Rank within Morningstar Category is based on total return and does not account for a fund's sales charge (if applicable).  Past performance is no guarantee of future results.  Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. 

Risk: There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.

Emerging Markets Risk — The risks of foreign investments are typically greater in less developed countries, which are sometimes referred to as emerging markets. For example, political, legal and economic structures in these countries may be changing rapidly, which can cause instability and greater risk of loss. These countries are also more likely to experience higher levels of inflation, deflation or currency devaluation, which could hurt their economies and securities markets. For these and other reasons, investments in emerging markets are often considered speculative. Similarly, investors are also subject to foreign securities risks including, but not limited to, the fact that foreign investments may be subject to different and in some circumstances less stringent regulatory and disclosure standards than U.S. investments.

Mirae Asset Global Investments (USA) LLC is the investment advisor for the Mirae Asset Discovery Funds.  The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing.  This and other important information about the investment company can be found in the Fund's prospectus.  To obtain a prospectus, contact your financial advisor or call (888) 335-3417.  Please read the prospectus carefully before investing.

About Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities*.  With over 580 employees, of which 124 are dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise from its offices in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the U.S., and Vietnam. The firm manages over $69 billion in assets globally, of which more than $15 billion is invested in emerging market equities (as of 2/28/15).  www.miraeasset.us

*Source: Investment & Pensions Europe, January 2014

SOURCE Mirae Asset Global Investments (USA) LLC

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