Mirae Asset Global ETF Net Assets Surpass 51 Trillion KRW... Exceeding Entire Korean ETF Market

10x Growth Over 10 Years Since Overseas Expansion in 2011

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' total net assets of global exchange-traded funds (ETFs) have surpassed 50 trillion won. This is larger than the total net assets of the entire domestic ETF market. It has grown sharply, increasing about tenfold over the past 10 years.

Mirae Asset Global Investments announced on the 3rd that the total net assets of 'Mirae Asset Global ETFs,' which have expanded into nine countries including South Korea, reached $43.28 billion (approximately 51.5 trillion won) as of the end of July. This exceeds the total net assets of the domestic ETF market, which stood at about 47 trillion won as of the end of last month. Compared to $449.1 million at the end of 2011, when Mirae Asset ETFs first expanded overseas, the amount has increased about tenfold in 10 years.

This scale ranks within the top 10 worldwide. According to global ETF research firm ETFGI, as of the end of July, Mirae Asset Global ETFs ranked 16th in net assets among global asset managers. The net inflow of funds since the beginning of the year is also said to be within the top 10.

Specifically, domestic 'Tiger ETFs' recorded 11 trillion won, U.S. 'Global X' 15 trillion won, Canada’s 'Horizon ETFs' 12 trillion won, and Australia’s 'BetaShares' 10 trillion won. Global X, which expanded into Hong Kong, recently surpassed 1 trillion won in assets under management. In addition, emerging ETF markets such as India, Brazil, and Colombia are also being targeted.

Mirae Asset Global Investments explained that this is the result of synergy between specialized personnel in overseas subsidiaries and the Mirae Asset Global ETF strategy. After entering the ETF market in 2006 with 'Tiger ETFs,' it became the first domestic asset manager to list an ETF on the Hong Kong Stock Exchange in 2011. In the same year, it acquired Horizon ETFs, a leading Canadian ETF manager, and BetaShares, one of the top four ETF managers in Australia. In 2018, it also acquired Global X, a notable ETF manager in the U.S. market, which accounts for about 70% of the global ETF market. Last year, it continued its overseas expansion by establishing the joint venture 'Global X Japan' with Global X and Daiwa Securities Group in Japan.

Choi Kyung-joo, Vice Chairman of Mirae Asset Global Investments, said, "So far, Mirae Asset has provided asset allocation solutions to investors through its global ETF lineup," adding, "We will continue to offer various innovative products to investors worldwide through our global network."

This content was produced with the assistance of AI translation services.