The Bank of New York ADR Index has been selected by Mirae Asset MAPS Investment Management Company for the launch of its Mirae Asset Maps Equity Investment Trust Fund.
The Korean-domiciled Mirae Asset Maps Latin Index Equity Investment Trust Fund will benchmark against The Bank of New York Latin America 35 ADR Index.
“The Bank of New York has demonstrated its ability to understand and respond to the specific requirements of our sophisticated local investors,” says Jung-gi Yeo, director and head of the Product Development Division at Mirae Asset MAPS. “We look forward to building a long partnership that incorporates more of the bank’s high quality securities servicing and custody services.”
Andrew Gordon, executive vice president and head of the Asia-Pacific Region at The Bank of New York, adds: “Through customized support from dedicated professionals across several divisions, The Bank of New York has helped Mirae Asset MAPS provide Korean investors with access to the global markets.”