Mirae Asset US, Gaming

Macau is the 2nd most visited destination in China.? GAMING OVER THE NEXT TEN YEARS, THE GAMING MARKET IN MACAU IS EXPECTED TO GROSS BILLIONS IN REVENUE. 83 million Chinese visited Macau in 2012.2 An improved infrastructure supports Macau's growth. Billions have been invested in a bridge, high-speed rail way and airport expansion." READ OUR REPORT > Pricing power is rising as a result of mass market appeal. The average minimum table bet has risen from HK (Hong Kong) $200 in 2010 to HK$1,000 in 2013.1 The number one ranked gaming location in the world. Gaming revenue in Macau surpassed Las Vegas fivefdd. Macau's gaming market is well in the black.' Macau is expected to gross $100B in gaming revenue by 2020. MIRAE ASSET Building on principles 2014 2015 2016 2017 2018 2019 2020 Mirae Asset estimates, as of December, 2012 World Tourism Organization, as of March 2013 3 American Gam ing Association, Bloomberg, as of Decem ber 2012 Emerging Marke ts Risk - The risks of foreign investments are typically greater in less develo ped countries, which are some times referred to as emerging marke ts. For exam ple, political 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 le vels of inflation, deflation or currency devalua tion, which could hurt their economies and securities markets. For these and other reasons, investments in emerging markets are often considered specula tive. 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 le ss stringent regulatory and disclosure standards than U.S. investments. The views and information discussed in this report are as of the date of publication, are subject to change and may not reflect the current views of the writer(s). The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular inve stmentor markets in general Such informationdoes not constitute a recomme ndation to buy or sell specific securities or investment vehicles. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The subject matter contained herein has been derived from several sources believed to be reliable and accurate at the time of compilation. Mirae Asset Global Investments (USA) LLC does not accept any liability for lo sses either direct or consequential caused by the use of this information. 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 prospec tus, contact your financial advisor or call (888) 335-3417. Plea se read the prospectus carefully before inve sting. Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC. Copyright © 2013 by Mirae Asset Glo bal Investments. All rights reserved.