Mirae Asset launches equity fund investing in cleantech-focused S. Korean firms

Mirae Asset Global Investments has launched a new equity fund to invest in South Korean companies with clean technology prowess.

The South Korean investment house aims to ride on the green wave among financiers.

Its portfolio would consist mainly of South Korean firms dedicated to wind, solar, and hydroelectric power resources, electric vehicles, hydrogen cars, waste management, smart grids, and smart factories.

Ryu Kyeong-sik, head of wealth management & pension marketing business unit at Mirae Asset, noted that the fund is expected to become a good alternative to investors who set sights on the global trends affecting our daily lives.

The fund, currently sold through eight financial firms including its sister brokerage Mirae Asset Daewoo, will use Kospi as its benchmark index.