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Life Insurance awareness and adoption surges amongst Urban Indians; Protection Quotient now at 45: Max Life IPQ 6.0 Survey*

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Key Findings of the IPQ 6.0 Survey

India’s Protection Quotient (IPQ) reveals that 3 in 4 urban Indians now own life insuranceUrban India’s heightened awareness about life insurance products drives the overall Knowledge Index to 61; higher importance being ascribed to Cover and Riders while buying Term Life InsuranceThe South Zone most financially prepared; West India has the highest increase in IPQ over the last year Increase seen in the Protection Quotient of working women; now at par with working men Digitally-savvy urban Indians have a significantly higher Protection Quotient of 54 vs non-digital at 45  

NEW DELHI, Feb. 22, 2024 /PRNewswire/ — Max Life Insurance Company Ltd. (“Max Life“/ “Company”) today unveiled the findings of the sixth edition of its flagship survey, the India Protection Quotient survey (IPQ)* conducted in partnership with KANTAR, the world’s leading marketing data and analytics company. Tapping 4,700 respondents across 25 Indian cities, this widely inclusive survey uncovers urban India’s pulse on financial protection. Marking its 6th edition, the IPQ stands as one of the most comprehensive and long-running financial studies, covering varied cohorts, including Generation-Z, Women and Millennials, carrying forward the theme of ‘Protection for All’.

As per IPQ 6.0, urban India demonstrates remarkable progress in financial readiness, with 3 out of 4 urban Indians now owning life insurance products. The Protection Index is at an all-time high of 45 in IPQ 6.0, up from 43 in IPQ 5.0, reflecting a positive trajectory in the nation’s evolving protection awareness and adoption. This is reflected in the Knowledge Index increasing from 57 (IPQ 5.0) to 61 (IPQ 6.0) and life insurance ownership levels moving from 73 (IPQ 5.0) to 75 (IPQ 6.0). Over a five-year period, the India Protection Quotient has witnessed an impressive 10-point increase, from 35 in IPQ 1.0 to 45 in IPQ 6.0, that reiterates Urban India’s constant journey towards building financial resilience.

The latest insights unveil a shift in the nation’s financial well-being as well. Despite a modest increase from 63% in IPQ 5.0 to 65% in IPQ 6.0, urban Indians’ financial security levels have yet to fully recover to pre-pandemic levels. Corresponding with last year’s observations, metro cities are approaching the 50-point milestone this year, boasting a Protection Quotient of 49 points. In contrast, life insurance ownership and adoption in Tier II cities remain stagnant, with IPQ lagging at 36 points. In line with previous findings, South India retained its position as the most financially protected zone with a Protection Quotient of 49 points. This was followed by West India, which showcased a marked improvement in financial preparedness from 42 points in IPQ 5.0 to 46 points in IPQ 6.0. North and East zones lagged in financial protection at 41 and 40 points in this edition, respectively.

Unveiling key demographic insights, IPQ 6.0 sheds light on an interesting trend as millennials closely trail older age groups in financial preparedness, scoring at 45 and 46 for millennials and non-millennials, respectively. On the flip side, Gen Z emerges as the least financially shielded age group, holding a Protection Quotient of 42 points, largely due to lower insurance ownership. In a significant achievement, working women have successfully narrowed the financial protection gender gap. The Protection Quotient for working women has surged to 47 points, aligning with their male counterparts. Notably, 8 out of 10 working women are now investing in life insurance, marking a positive shift.

Prashant Tripathy, CEO and Managing Director, Max Life Insurance said, “Over the past five editions, the India Protection Quotient has become a true barometer for measuring urban India’s financial protection levels. By including incremental cohorts’ year-on-year, IPQ has become stronger, bigger, and more inclusive. Today, we are witnessing a remarkable shift in the financial consciousness of this diverse group, with 3 out of 4 urban Indians now owning life insurance. This opens opportunity areas for us in the space of digital transformation, creating tailored products, and building greater awareness initiatives that will help ensure an even larger insurance penetration in the country and support the vision of ‘Insurance for All by 2047′”.  

Soumya Mohanty, MD & Chief Client Officer, South Asia, Insights Division, Kantar commented, “We are happy to collaborate with Max Life Insurance in advancing awareness about life insurance and addressing the pressing need for financial security across the nation. As one of the longest-running studies in India, the India Protection Quotient Survey serves as a valued tool in providing critical statistical insights for the life insurance sector. Over the course of six years, the IPQ findings have revealed substantial data relating to financial behavior, savings patterns, and insurance uptake amongst urban Indians, making it an indispensable marker of the country’s financial preparedness.”

About India Protection Quotient

Instituted in 2019, India Protection Quotient is an annual property by Max Life Insurance in association with Kantar aimed at understanding the pulse of Indian consumers in the financial protection space. Launched with the underlying objective of increasing penetration of term insurance as the most fundamental and economical form of life insurance, the survey aims to reveal the state of urban Indians with regards to current financial security levels, changing savings and investment patterns, key anxieties, and triggers of financial protection in a contemporary world. The India Protection Quotient is a proprietary tool developed by Max Life in partnership with Kantar to gauge the degree to which Indians feel protected from future uncertainties on a scale of 0 to 100. It is based on attitudes, mental preparedness around future uncertainties, awareness, and ownership of life insurance product categories (term, endowment, and ULIP).

The following findings reveal insights that highlight urban India’s shift in attitude and approach towards financial preparedness studied by India Protection Quotient 6.0:

FINANCIAL PREPAREDNESS OF URBAN INDIANS

Highest progress seen in awareness of life insurance products, with more than 50% rise in the Knowledge Index since IPQ 1.0; Life insurance ownership soars to 75%
In a positive move, urban India has made huge strides in awareness about life insurance over the past six years, with the Knowledge Index increasing from 39 in IPQ 1.0 to 61 as per the IPQ 6.0 study. Life insurance ownership too witnessed a steady improvement from 65% in IPQ 1.0 to 75% in the IPQ 6.0 survey indicating urban India’s steady path towards financial protection from unforeseen challenges.Metro and Tier II findings reveal a large gap in the Protection Quotient 
IPQ 6.0 revealed a large gap in the IPQ scores of Metro and Tier II cities, with Metro cities inching towards the halfway mark at 49, followed by Tier I cities securing 45 points but Tier II trailing at 36 points. This disparity underscores the ongoing challenge of promoting life insurance awareness and accessibility in smaller urban centers, highlighting the need for targeted interventions to address barriers to financial pliability.Interesting trends in urban India’s financial behavior and savings patterns
The burden of rising medical expenses has emerged as the top concern among urban Indians, with nearly two-thirds of the population expressing significant apprehensions. Despite growing focus on attaining a financially stable retired life, saving for retirement takes a back seat as urban Indians prioritize other savings goals like children’s education and marriage.

OUTLOOK TOWARDS TERM INSURANCE

Gap between Awareness and Uptake of Term Insurance widens as per IPQ 6.0
Despite heightened awareness about term plans, from 64% in IPQ 5.0 to 70% in IPQ 6.0, term insurance ownership has seen negligible improvement since the previous edition, standing at 31% in IPQ 6.0, up from 30% in IPQ 5.0. The widened gap between ownership and awareness of term insurance products reflects shifting savings priorities, as IPQ 6.0 reveals how safeguarding against the untimely death of the breadwinner holds lower importance amongst respondents. In terms of other life insurance products, IPQ 6.0 highlights that 4 out of 10 urban Indians now own one or more savings products, whereas preference for ULIPs remains low at 14% ownership levels. It has also been seen that urban Indians assign higher importance to Cover and Riders while buying Term Insurance, while the priority assigned to premiums has diminished. Not thinking about life insurance, and other investments are the major barriers witnessed in this edition. An interesting point to note is that today 1 out of 4 Indians prefer Health Insurance over Life Insurance, underscoring the value ascribed to health by Indians.

MILLENIALS & NON MILLENIALS

Financial preparedness across generations reveals disparities
The latest data from IPQ 6.0 reveals an intriguing shift in financial preparedness across different generations. While millennials are nearing parity with non-millennials in terms of financial readiness with a Protection Quotient of 45 and 46, respectively, Generation Z trails slightly behind with a Protection Quotient of 42 points. IPQ 6.0 highlights a notable gap in life insurance ownership levels, with Generation Z at 69 compared to non-millennials at 79. Interestingly, Generation Z demonstrates higher scores in Security levels, indicating a strong sense of financial security at 66, surpassing non-millennials at 63. While Generation Z shows promise in financial planning, there is room for improvement, particularly in term insurance uptake.

SALARIED VS SELF-EMPLOYED

Self-employed urban Indians exhibit a 9-point improvement in Knowledge Index in just one year
As per IPQ 6.0, while salaried individuals have maintained relatively stable IPQ scores, self-employed urban Indians are making strides in financially preparing for an uncertain tomorrow. Reflecting a significant enhancement in financial literacy and awareness, the Knowledge Index of self-employed segment stands at 64 – 3 points above the nationwide Knowledge Index scores. This surge in knowledge is paralleled by a tangible increase in ownership levels, with a rise from 73% to 77%, indicating how the cohort is actively addressing gaps in financial protection.

DIGITALLY SAVVY URBAN INDIANS

With an IPQ of 54, Urban India’s digitally savvy consumers are more financially protected than any other cohort
IPQ 6.0 reveals that the Protection Quotient of digitally-savvy urban Indians is 9 points higher than their non-digital counterparts, with the score of the cohort at 54, whereas the non-digital cohort stands at 45 points. The Knowledge Index remains highest in the digitally savvy urban Indian cohort at 73, with 80% of respondents owning life insurance. While traditional channels like agents remain prevalent, there’s a shift towards online channels, reflecting digitally-savvy consumers’ preference for convenience and accessibility. The substantial jump from 11% to 24% in fitness app subscribers within a year underscores the evolving lifestyle choices and preferences of urban Indians.

Read more about the India Protection Quotient at – https://www.maxlifeinsurance.com/maxlife-ipq 

Disclaimer:

The study is conducted in the top 25 Urban metros, Tier 1 and Tier 2 cities; hence, its findings are representative of metro, Tier 1 and Tier 2 cities in Urban India only.

Metro – Delhi, Kolkata, Chennai, Bangalore, Hyderabad, MumbaiTier 1 – Ludhiana, Jaipur, Lucknow, Patna, Bhubaneshwar, Vizag, Ahmedabad, Bhopal, PuneTier 2 – Dehradun, Moradabad, Guwahati, Bokaro, Kolhapur, Jamnagar, Raipur, Ujjain, Hubli-Dharwad, TiruchirappalliIPQ 6.0 vs IPQ 5.0 data comparison is amongst 25 markets only [6 metros, 9 Tier 1 and 10 Tier 2]The minimum sample to conclude any findings of the study is 270 with an error margin of +-5.964%

* Findings represented here are as per the IPQ 6.0 survey and Max Life doesn’t assume responsibility or liability for any contradictions.

About Max Life Insurance

Max Life is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Max Life offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. Max Life has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery, and trained human capital. As per the annual audited financials for FY2022-23, Max Life has achieved a gross written premium of INR 25,342 Cr.

For more information, please visit the Company’s website at www.maxlifeinsurance.com

About Kantar

Kantar is the world’s leading marketing data and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioural data with deep expertise and advanced analytics to uncover how people think and act. We help clients understand what has happened and why and how to shape the marketing strategies that shape their future.

For more information, visit www.kantar.com 

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Ericsson brings drone detection capabilities to mobile networks

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45 minutes ago

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November 2, 2026

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Ericsson introduces new Integrated Sensing and Communication (ISAC) SystemThe system accurately detects and tracks moving objects such as drones over wide areas, including those not connected to the networkSelected small-scale, sensing-only commercial pilots expected to begin in 2027. Wider scale sensing deployments expected to follow in 2028

STOCKHOLM, Nov. 2, 2026 /PRNewswire/ — Existing mobile networks can help close a gap in detecting low-flying, fast-moving objects such as drones across wide areas. Following successful testing of Integrated Sensing and Communication (ISAC) technology over the past months, Ericsson (NASDAQ: ERIC) today introduces the Ericsson ISAC System.

The new solution adds sensing capabilities to the mobile network, enabling defense, public safety and critical infrastructure operators to detect and track moving objects, even when they are not connected to the network.

Commercial introduction of the Ericsson ISAC System will take place in phases, beginning with small-scale, sensing-only commercial pilots with selected customers in 2027, followed by broader-scale deployments from 2028. The integrated communications capability will be added as the solution evolves towards 6G.

Small, low-cost drones are increasingly being used for unlawful surveillance, organized crime, sabotage, and warfare. Their size and flight behavior at low altitudes make them difficult to detect, which creates new challenges for national security, critical infrastructure protection, and public safety. Dedicated sensors will remain important for protecting critical sites but scaling them across larger areas may be challenging due to the significant new infrastructure required.

The Ericsson ISAC System closes the low-altitude, wide-area detection gap by transforming the mobile network into a new layer of situational awareness. Using sensing-capable 5G radios, edge computing, AI and signal processing, it detects objects that are not connected to the network and maintains tracks across the coverage area, complementing radar and other sensors rather than replacing them.

How it works

Ericsson ISAC System detects and tracks objects by analyzing how radio signals are reflected by objects in the environment. It operates as a multi-static system, which means that sensing signal transmission and reception are distributed across multiple geographically separate mobile-network sites. This allows objects to be viewed from multiple angles at once – providing high accuracy that increases detection confidence, positioning, track continuity, and coverage resilience.

The Ericsson ISAC System uses parts of the 5G mobile network infrastructure – such as towers, backhaul and spectrum – already in place across cities, transport corridors and strategic locations to provide tracking data and AI-based classification. This data can be securely shared through standardized interfaces with authorized external systems, including security and command and control systems. Combined with data from other sensors and mitigation platforms, it can give users a more complete operational picture, helping them respond faster and make more informed decisions.

In validated tests, the system reliably detected and tracked micro drones at kilometer-scale distances with precise 3D positioning. Testing demonstrated consistent detection and tracking across a range of operating conditions, system configurations and drone flight patterns. Actual performance depends on factors such as the characteristics and flight profile of the target, sensing geometry, terrain and surrounding environment, and system configuration.

Evaluated in live 5G demonstrations

Trials with AT&T in Arlington, Texas, used sensing dashboards to display drone activity. Combining Ericsson technology with AT&T’s network expertise, the trial detected, located multiple drones, and tracked their movements, illustrating how wireless infrastructure could help protect major venues, critical infrastructure and other key locations.

A separate demonstration with Erillisverkot in Helsinki showed multiple 5G sites detecting and tracking drones, demonstrating how network sensing can support public safety and counter-UAS (Unmanned Aircraft System) operations while extending coverage alongside traditional sensors.

In Poland, Ericsson, Asseco and Play demonstrated how Ericsson’s Integrated Sensing and Communication technology, Play’s mobile network and Asseco’s PUSZCZYK acoustic detection system could support detection and positioning of low-flying drones with higher accuracy.

Potential applications

Defense and public safety: Enhancing airspace monitoring across borders, coastlines and strategic assets.

Critical infrastructure: Strengthening protection for ports, power plants and other vital sites.

Transport and industry: Supporting safer operations across road, rail and industrial environments.

Low-altitude economy: Drone traffic management, urban airspace monitoring, and digital twins for smart-city planning and environmental mapping.

Freddie Södergren, Global Head of Mission Critical Networks and Defense, Ericsson, says: “Low-flying drones create a detection coverage gap that no single sensor can effectively address. Ericsson ISAC System enables multiple 5G sites to deliver coordinated wide-area detection and continuous tracking, with data that can be integrated with traditional sensing technologies and operational systems. It also gives operators a pathway to create new services from existing network assets.”

Joe Madden, Principal Analyst at Mobile Experts, says: “Ericsson’s ISAC System shows that mobile-network sensing can perform far better than many expect, turning complex radio reflections into remarkably accurate tracking of low-flying, uncooperative objects. By building on an extensive footprint of existing sites, Ericsson has the potential to deliver wide-area drone detection faster and more cost-efficiently than deploying new dedicated sensor infrastructure.”

Carl Lundqvist, Chief Architect, Swedish Armed Forces HQ, says: “Detecting small drones across large areas is a growing operational challenge. The possibility of using distributed infrastructure to complement existing sensors could provide an important additional layer of situational awareness.”

Shawn Hakl, SVP & Head of Product, AT&T Business, says: “The next evolution of connectivity is about networks that don’t just move data but help organizations with insights to better understand and respond to the events in the real world. Bringing Integrated Sensing and Communication (ISAC) capabilities into existing 5G infrastructure can provide telemetry and intelligence in situations where it is not possible or desirable to pre-deploy sensors or cameras. Deploying this technology in a complex environment like a stadium is an important example of how intelligent networks can drive better safety and security outcomes from infrastructure already in place.”

Antti Kauppinen, CTO, Erillisverkot, says: “The Ericsson ISAC System shows that dual-use technology can strengthen national security by extending sensing capabilities to help authorities protect people and critical infrastructure. Together with Ericsson, we are exploring how this capability can be developed responsibly to enhance Finland’s resilience, security, and preparedness.”

Discover how Ericsson ISAC System closes the low-altitude detection gap

NOTES TO EDITORS:

Ericsson ISAC System

Drone detection with ISAC for defense – Ericsson

Ericsson 5G for Defense: Digitalizing Defense Capabilities

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Aosom Kicks Off Black Friday 2026 with Its Biggest Discounts of the Year and Limited-Time Flash Deals

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November 2, 2026

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LONDON, PARIS and HAMBURG, Germany, Nov. 2, 2026 /PRNewswire/ — As the year-end shopping season approaches, Aosom will kick off its 2026 Black Friday promotion on November 2, offering its biggest discounts of the year across home, pet, and children’s products. Shoppers can enjoy flash sales, prize draws, exclusive new-customer offers, and additional Black Friday week benefits.

More Exclusive Offers and Black Friday Surprises

Lucky Wheel: Shoppers can access the Lucky Wheel through a pop-up on the Aosom website homepage. First-time participants must subscribe and register for a chance to win products, coupons, and other rewards.

Community Giveaway: During the Black Friday early-bird campaign, Aosom will launch an interactive community event where shoppers can participate for a chance to win surprise prizes.

Exclusive New-Customer Package: First-time shoppers can enjoy a special package with additional savings on their first purchase.

Limited-Time Deals Across Categories and Extra Black Friday Week Benefits

Aosom will offer discounts across multiple product categories. During Black Friday week, shoppers may receive coupons for future purchases with their orders, while selected products will be available through limited-quantity flash sales. Eligible orders will also benefit from price protection.

Local Delivery and Flexible Payment for a Better Shopping Experience

With its local warehousing and delivery network, Aosom provides convenient shopping services. Depending on the delivery location, product, and order conditions, selected items may qualify for next-day delivery, and eligible shoppers may also choose installment payment options.

Shoppers can visit their local Aosom website for promotional details and campaign terms and conditions.

About Aosom
Aosom is a one-stop online platform for furniture and large home and lifestyle products, specializing in home, outdoor, garden, pet, and leisure products. Founded in 2013, Aosom operates across Europe and North America, with local subsidiaries in nine countries, including France, the UK, Germany, Spain, Portugal, Canada and the US. The brand is committed to providing innovative, affordable, and high-quality products for everyday living, supported by a logistics network of self-operated overseas warehouses and dedicated customer service. Aosom’s product range, which includes brands such as Outsunny, HOMCOM and PawHut, caters to a wide range of consumer needs, from home furnishings to outdoor use. Aosom continues to deepen its local market engagement through strategic partnerships and community initiatives. Every Home is Awesome（Aosom /’ɔ:səm/）

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Aosom Global Communications
Email: pr@aosom.com
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Mirae Asset Celebrates Inclusion of Global X China Life Franklin HK-US Equity Select ETF (3428) as an Eligible ETF under Southbound Stock Connect

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November 2, 2026

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Inclusion expands Global X’s Southbound ETF Connect line-up to 4 eligible ETFsEligible Mainland investors will be able to begin trading the Fund through Southbound Stock Connect on 9 November 2026.Global X China Life Franklin HK-US Equity Select ETF (3428) offers combined exposure to Hong Kong high-dividend equities with leading U.S. mega-cap companies in one ETF.

HONG KONG, Nov. 2, 2026 /PRNewswire/ — Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset”), through its Global X ETFs brand, is pleased to announce the inclusion of the Global X China Life Franklin HK-US Equity Select ETF (the “Fund”; HKD counter: 3428; RMB counter: 83428; USD counter: 9428) under Southbound Stock Connect. Eligible Mainland investors are expected to begin trading the Fund through the programme on 9 November 2026.

The Fund seeks to track the CSI Select Market Moderate Index, which combines 65% Hong Kong-listed high-dividend equities with 35% leading U.S.-listed mega-cap companies across 45 securities. For eligible Mainland investors seeking both income-oriented exposure and participation in global innovation, the Fund brings these complementary investment themes together within a single, rules-based strategy.

The inclusion will bring the number of Global X ETFs available through Southbound Stock Connect to four, joining the Global X Hang Seng TECH ETF (2837), Global X Hang Seng High Dividend Yield ETF (3110) and Global X MSCI China ETF (3040).

For more information about the Global X China Life Franklin HK-US Equity Select ETF (3428), please visit Global X ETFs website at www.globalxetfs.com.hk/funds/china-life-franklin-hk-us-equity-select-etf/

About Mirae Asset Global Investments

Founded in 1997, Mirae Asset Global Investments is the asset management arm of Mirae Asset Financial Group, one of Asia’s leading independent financial services companies. As of 30 September 2026, the firm manages more than US$455 billion in assets and operates 25 offices worldwide.

Drawing on its globally integrated platform and investment intelligence, Mirae Asset Global Investments delivers progressive solutions across all major asset classes through mutual funds, ETFs and alternative investments.

As the world’s 12th-largest ETF provider, Mirae Asset offers more than 793 ETFs across 12 markets, with approximately US$280 billion in assets under management, offering investors high-quality, cost-effective solutions across emerging themes and disruptive technologies.

About Global X ETFs

Since 2008, Global X has been at the forefront of ETF innovation and has established itself as a leading issuer of thematic, income and global market ETFs. As part of Mirae Asset Financial Group, Global X combines a specialist ETF focus with global scale and the long-term backing of a truly global asset manager.

Global X serves every kind of investor in pursuit of its vision, “Beyond Ordinary ETFs”: developing innovative solutions that open access to the opportunities shaping tomorrow’s markets.

Mirae Asset Global Investments (Hong Kong) Website: https://www.am.miraeasset.com.hk/

Global X ETFs Hong Kong Website: https://www.globalxetfs.com.hk/

Important Information

Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including the product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

The investment objective of Global X China Life Franklin HK-US Equity Select ETF (the “Fund”) is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI Select Market Moderate Index.The Fund is exposed to concentration risk by tracking a specific region or country.Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. Investors are exposed to foreign exchange risk.The Index constituents may be concentrated in a specific industry or sector, which may potentially more volatile than a fund with a diversified portfolio.The Fund may invest in small and/or mid-sized companies, which may have lower liquidity and their prices are more volatile to adverse economic developments.The Manager has delegated the investment discretion in respect of the Fund to the Sub Investment Manager. Any disruption in the communication with or assistance from the Sub-Investment Manager or a loss of service of the Sub-Investment Manager or any of its key personnel may adversely affect the operations of the Fund.The trading price of the Fund’s unit on the SEHK is driven by secondary market trading factors, which may lead to a substantial premium or discount to the Fund’s net asset value.The Fund’s synthetic replication strategy may invest up to 50% of its net asset value in financial derivative instruments (“FDIs”), which may expose the Fund to counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The Fund may suffer losses from its usage of FDIs.The Manager may at its discretion pay dividends out of the capital of the Fund. Distributions paid out of capital, represent a return of an investor’s original investment or its gains and may potentially reduce the Fund’s Net Asset Value per Share as well as the capital available for future investment.

Disclaimer

This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.

Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.

Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.

Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited (“MAGIHK”) are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.

Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction.

This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of MAGIHK.

Copyright © 2026 Mirae Asset Global Investments. All rights reserved.

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