From the US to Brazil and India... Mirae Asset ETF Expanding Globally

Sunjasa 51 Trillion Won Ranks 17th Worldwide... 10 Times Increase Compared to 10 Years Ago

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' total net assets under management for exchange-traded funds (ETFs) worldwide have surpassed 51 trillion won. The company is actively expanding not only in South Korea but also in the United States, Canada, Australia, as well as emerging markets such as Brazil and India.

According to Mirae Asset Global Investments on the 8th, the total net assets of Mirae Asset Global ETFs reached $43.28 billion (approximately 51.5 trillion won) as of the end of July. This represents about a tenfold increase compared to $4.491 billion at the end of 2011. This scale ranks 17th among global asset management firms by net assets.

Mirae Asset began its ETF business in 2006 by listing three types of the 'Tiger ETF' series on the Korea Exchange. Since then, it has launched various ETFs including sector and theme ETFs, diversifying beyond market-representative index ETFs. As a result, as of the end of July, it has grown into a leading domestic ETF with net assets of 11.0815 trillion won and a market share of 24%.

The company has also actively entered overseas markets. In 2011, it acquired Canadian ETF manager 'Horizons' and Australian 'BetaShares.' Horizons, which specializes in active ETFs, has listed 92 ETFs on the Toronto Stock Exchange in Canada. Its total assets amount to 12.603 trillion won. In 2017, Mirae Asset launched the world's first AI-powered ETF investing in global markets, called the 'MIND ETF.' BetaShares, acquired the same year as Horizons, is one of the top four ETF managers in Australia. It manages 68 ETFs with total assets of 10.7029 trillion won.

In 2018, Mirae Asset acquired 'Global X,' a notable ETF manager in the U.S. market, which accounts for about 70% of the global ETF market. Since its establishment in 2008, Global X has offered differentiated products including thematic and income ETFs such as the 'BOTZ ETF,' which invests in robotics and AI stocks. On April 16 last year, it listed the 'CLOU ETF' on the Nasdaq market, investing in cloud computing companies, which has now surpassed $1.1 billion (1.3 trillion won) in net assets. The 'Global X Cloud Computing ETF,' composed of 36 stocks, recorded a year-to-date return of 58.9% as of the closing price on the 2nd. During the same period, it outperformed the 'First Trust SKYY ETF,' the world's largest cloud computing ETF, which posted a 39.02% return. It was also the most purchased stock by domestic investors based on net buying last year.

Additionally, the net assets of ETFs listed in Hong Kong recently exceeded 1 trillion won, and ETFs were listed in Brazil and India last year, pioneering new markets. A Mirae Asset Global Investments official explained, "While actively exporting financial products on the global stage, we will also accelerate the expansion of EMP (ETF Managed Portfolio) funds utilizing a diverse global ETF lineup."

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