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27th July 2022 - Mirae Asset Global Investments (Hong Kong) Limited announced the launch of the Global X Asia Pacific High Dividend Yield ETF. The fund, which begins trading on the Hong Kong Stock Exchange ("HKEX") today, aims to deliver convenient and cost-efficient access to 40 of the highest dividend-yielding securities listed in the Asia Pacific. This launch brings the total number of Hong Kong-listed ETFs and ETPs offered by the Firm to 28, and adds to its suite of income ETFs which are designed to help diversify and enhance the yields of investor portfolios.
As central banks continue to tighten monetary policy in a bid to control inflation, bond yields have been rising at a rapid pace. Whilst high-yielding stocks are often thought to face headwinds in a rising yield environment as competition for investors' capital intensifies, in Asia these stocks have exhibited the potential not only to deliver high levels of income but to outperform broad market indexes. Over the previous three periods of rising yields, the Solactive Asia Pacific High Dividend Yield Index outperformed the MSCI AC Asia Pacific Index by 7.3% on a cumulative basis, whilst in terms of dividend yield, the Solactive Asia Pacific High Dividend Yield Index delivered 8.0% as of June 30, 2022, which is more than double the 3.2% offered by the Hang Seng Index.
Jung Ho Rhee, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said: "The Asia Pacific has consistently offered the highest levels of dividend yields compared to other regions around the world[3], driven by the strong fundamentals and healthy cash balances of its corporates. The Global X Asia Pacific High Dividend Yield ETF aims to tap into the vast income opportunity presented by this region at a time when investors urgently need to protect their portfolios against rising inflation." Rhee further adds: "Mirae Asset will continue to drive product innovation to adequately serve the diverse investment needs of our investors."
The Global X Asia Pacific High Dividend Yield ETF tracks the Solactive Asia Pacific High Dividend Yield Index to deliver high-yielding exposure to the Asia Pacific market. Constituted by the top 40 highest yielding securities listed in the Asia Pacific, the index is reviewed and rebalanced on a quarterly basis. The fund aims to pay out dividends quarterly, in March, June, September, and December.
