[2021 Asia Fund Awards] Mirae Asset Global Investments Operates and Lists About 390 ETFs Across 11 Countries
[Asia Economy Reporter Lee Seon-ae] Mirae Asset Global Investments was selected as the Best ETF Manager in the 2021 Asia Economy Fund Awards.
Mirae Asset Global Investments operates approximately 390 ETFs listed across 11 countries including Korea, the United States, Canada, Australia, and Hong Kong. As of the end of December 2020, the total net asset size was KRW 65.7 trillion, which is larger than the combined domestic ETF market size of KRW 52 trillion at the same time. This growth is the result of overcoming language, cultural, and business barriers, leveraging specialized personnel in overseas subsidiaries, and the synergy of Mirae Asset’s global ETF strategy.
The history of Mirae Asset ETFs began in 2006 with the listing of three TIGER ETF series on the Korea Exchange. Since then, they have launched various ETFs including sector and theme ETFs in a market previously dominated by market-representative index ETFs. TIGER ETFs provide a portfolio that enables global asset allocation solely with Mirae Asset ETFs in the domestic ETF market. With net assets exceeding KRW 13 trillion and a market share of 25%, it has grown into a leading ETF brand in Korea.
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In 2011, Mirae Asset marked the global expansion of Korean ETFs by becoming the first domestic asset manager to list ETFs on the Hong Kong Exchange, and in the same year, acquiring Canada’s Horizon ETFs and Australia’s BetaShares ETFs. Horizon ETFs, a leader in active ETFs, has 94 ETFs listed on the Toronto Stock Exchange in Canada, with total assets reaching KRW 14.1 trillion. In 2018, Mirae Asset acquired Global X, an ETF manager recognized as a rising star in the U.S. market, which accounts for about 70% of the global ETF market. Global X offers differentiated thematic and income products, with assets under management approaching KRW 20 trillion in the U.S. alone.
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