Mirae Asset US ETF Manager Global X Surpasses 20 Trillion KRW in Net Assets

Focused Investment in New Growth Themes like AI, Robots, and Batteries... More than Double Increase in Acquisitions in Just Over Two Years

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' U.S.-listed exchange-traded fund (ETF) manager, Global X, has surpassed 20 trillion won in net asset value.

On the 8th, Mirae Asset Global Investments announced that Global X's net asset value exceeded $20.86 billion (approximately 22.896 trillion won) as of the end of last year. This represents more than double the assets under management compared to when it was acquired in 2018, which was about 8.5 trillion won.

The product with the largest growth last year was the 'LIT ETF (Global X Lithium & Battery Tech ETF),' which saw an increase of about 1.2 trillion won in net assets. In line with the global expansion of the electric vehicle market, the ETF invested in the lithium cycle, including mining, refining, and battery production, achieving a 126% return last year.

The 'BOTZ ETF (Global X Robotics & Artificial Intelligence ETF),' which has the largest net assets at 2.5 trillion won, also increased by more than 900 billion won last year. Tracking an index composed of stocks benefiting from robotics and artificial intelligence (AI) applications, it has recorded a 128% return since its inception in September 2016, averaging over 20% annually.

Global X's strengths lie in growth-themed ETFs categorized by topics such as technological advancement, demographics, and resources, as well as income-type ETFs pursuing monthly distributions. A representative example is the 'CLOU ETF (Global X Cloud Computing ETF),' which invests in cloud computing-related companies and was listed on Nasdaq in April two years ago. Currently, it has net assets of 1.7 trillion won and achieved a 77% return last year, surpassing the 58% return of the world's largest cloud computing ETF, the 'First Trust SKYY ETF.'

As a result, the total net assets of Mirae Asset's global ETFs, which have expanded into 10 countries including South Korea, amount to $60.384 billion (approximately 66.2896 trillion won). This increased by more than 20 trillion won last year alone. According to the global ETF research firm ETFGI, as of the end of November last year, Mirae Asset's global ETFs ranked 16th worldwide in terms of net asset value among asset managers. This far exceeds the total net assets of 52 trillion won in the domestic ETF market as of the end of last year.

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