[2021 Asia Fund Awards] Increasing Assets Under Custody by 210 Trillion, Overwhelming No.1 in Pension and ETF

Daesang - Mirae Asset Management

Seo Yu-seok, CEO of Mirae Asset Global Investments

Mirae Asset Global Investments was selected as the grand prize winner of the 2021 Asia Economy Fund Awards.

Mirae Asset Global Investments demonstrated excellent performance not only in the Exchange-Traded Fund (ETF) category but across all sectors. According to the rankings by financial information provider FnGuide, which evaluated asset managers based on a weighted average comprehensive score by type (40% active equity, 30% domestic bonds, 20% overseas equities, and 10% overseas bonds), the firm was chosen as a grand prize candidate by receiving high marks in both assets under management competitiveness and returns among managers with over 2 trillion KRW in assets under management. It was also recognized for increasing its assets under management during the COVID-19 pandemic, securing its position as an industry leader with strong competitiveness.

Mirae Asset Global Investments' assets have grown to 210 trillion KRW. The company sells funds in 36 countries worldwide, with more than 300 funds established and sold locally overseas.

Mirae Asset Global Investments is also attracting investors' funds in the pension market. The sizes of its individual pension and retirement pension funds are 3.8569 trillion KRW and 4.4065 trillion KRW, respectively, increasing by about 1 trillion KRW last year alone. Its market share reaches 25% of the entire pension fund market. In particular, it secured the highest scores and ranked first in the retirement pension overseas bond category (Mirae Asset Retirement Plan Global Dynamic Fund) and overseas mixed category (Mirae Asset Retirement Plan BRICs Industry Representative 40 Fund).

Regarding ETFs, the company is evaluated as standing shoulder to shoulder with major global asset managers beyond the domestic market. According to ETF research firm ETFGI, as of the end of November last year, Mirae Asset's global ETFs ranked 16th in net asset size, establishing itself as a representative Korean asset management company. Over the past year, its net fund inflow ranked within the top 10.

Mirae Asset Global Investments operates and lists about 390 ETFs across 11 countries, including Korea’s ‘TIGER ETF’, the U.S.’s ‘Global X’, Canada’s ‘Horizon ETFs’, Australia’s ‘BetaShares’, and Hong Kong’s ‘Global X’. As of the end of last year, its total net asset size was 65.7 trillion KRW, which is larger than the total domestic ETF market size of 52 trillion KRW. At the end of last year, it also listed the ‘Mirae Asset VN30 ETF’ in the Vietnamese market, becoming the first foreign asset manager to introduce an ETF there.

Above all, the global thematic ETFs launched in response to investors' needs and changing environments have shown steady returns since listing. The ‘Global X China Electric Vehicle ETF’ and ‘Global X China Clean Energy ETF’, launched early last year, have risen 131% and 99.8%, respectively, since inception.

The judges gave high marks, noting that Mirae Asset Global Investments is expanding its presence in overseas investment among domestic asset managers based on outstanding management performance and assets under management. One judge commented, "Despite the high volatility in the market last year, the company delivered generally good performance across all asset classes, and its global ETF performance and overwhelming market share in the pension market are impressive," explaining the reasons for the evaluation.

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