Mirae Asset Lists New Growth ETF in UK... First Korean Entry into European ETF Market

Expansion into 5 Continents Including Asia, North America, South America, Australia, and Europe

Provided by Mirae Asset Global Investments

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments has listed ETFs related to new growth companies on the London Stock Exchange in the UK. This marks the first entry into the European ETF market by a Korean firm.

Mirae Asset Global Investments announced on the 12th that its subsidiary, the US ETF manager GlobalX, listed two thematic ETFs, 'GlobalX Telemedicine & Digital Health ETF' and 'GlobalX Video Games & Esports ETF,' on the London Stock Exchange on the 18th (local time). With this, Mirae Asset Global Investments now has ETFs listed across five continents: Asia, North and South America, Australia, and Europe.

The 'GlobalX Telemedicine & Digital Health UCITS ETF' invests in the healthcare and health management sectors utilizing telemedicine and digital technologies, which have rapidly expanded since the COVID-19 pandemic. Previously, GlobalX was the first in the US to list a telemedicine-related ETF on the Nasdaq in July.

The underlying index is the 'Solactive Telemedicine & Digital Health Index,' jointly developed by the global index provider Solactive and GlobalX. The investment targets companies whose revenues from digital connections between doctors and patients for medical diagnosis, AI and cloud-based medical statistics analysis platforms, healthcare equipment using connected technologies, and medical management through digital technologies exceed half of their total revenue. As of the end of last month, the ETF includes 40 stocks with country weights of 83% US, 5% Japan, 3.9% Hong Kong, and 3.4% China.

The 'GlobalX Video Games & Esports UCITS ETF' invests in software and hardware companies within the gaming industry. It is based on the 'Solactive Video Games & Esports v2 Index.' The index comprises companies involved in game development, sales and streaming, esports tournament ownership and operation, and gaming hardware including virtual reality. As of the end of last month, it holds 40 stocks with country weights of 25.6% Japan, 22.7% US, 20.5% China, and 11.9% Korea. Both products can be invested in domestically through securities firms such as Mirae Asset Daewoo that allow overseas stock trading.

According to global ETF research firm ETFGI, the European ETF market size was $1.12 trillion (approximately 1,240 trillion KRW) at the end of last month, ranking second after the US. It accounts for 15.2% of the global market. Among this, the UK market size is $546 billion (approximately 604 trillion KRW), representing about half (49%) of the European ETF market.

Lewis Beruga, CEO of GlobalX, said, "Investors increasingly want to move beyond simple representative index investments and ride investment trends with expected long-term growth potential. These two products respond to such demand," adding, "We will continue to strive to provide global investors with a variety of new growth thematic products."

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