Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mirae Surfs the Global Consumerism Tsunami Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 9, 2013

Mirae Surfs the Global Consumerism Tsunami

Reported by Tommy Fernandez

Robert Mulligan, president and head of sales and distribution of Mirae Asset Global Investments (USA) periodically likes to remind himself of one number: 960 million.

That's the number of middle class consumers the emerging markets are expected to have by 2020.

Mulligan and his colleagues feel that the future of investing, at least in part, is tied to riding this growing global wave of consumerism.

"The impact of consumerism in the emerging markets will be massive," Mulligan recently told MFWire. "More Audis were bought last year in China than in the U.S. They consume more beer. Macau is six times larger than Vegas."

Out of the six funds Mirae markets in the U.S., three are focused on investing in companies, in the middle to large cap space, that provide services or products to these emerging consumers.

These funds will hit their all important three-year market in the Fall, and so Mulligan is racing to build out his sales team to beat the drum on these funds.

'We are really trying to do two things, build a following, and build a brand," said Mulligan.

Mulligan's team currently includes five wholesalers, a national accounts executive and a client portfolio manager, among others.

He is currently looking to hire at least one more wholesaler, and possible a few others roughly by the three-year milestone for the funds. He says his ultimate goal is to have around 10 such salespeople.

Mulligan says his team is "working with a couple of wirehouses, a couple of regionals and a couple of independents," and is also caching out aggressively to the institutions.

"We're very much focused on getting the word out on these funds," he said. "The three-year mark is very important for us." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use