Mirae Asset Global Investments Surpasses 100 Trillion KRW in Global ETF Assets Under Management

Overseas ETF Market Breakthrough After 10 Years
6x Growth After Acquiring US Corporation Global X
1.38 Times Larger Than Korea's Total ETF Market of 74 Trillion Won

[Asia Economy Reporter Minji Lee] Mirae Asset Global Investments announced on the 14th that it is the first domestic asset management company to surpass 100 trillion KRW in ETF assets under management worldwide. Mirae Asset entered the global ETF market in 2011 and currently manages ETFs in 10 countries including Korea, the United States, Canada, Hong Kong, and Japan.

According to Mirae Asset Global Investments, the total ETF assets managed globally by Mirae Asset amounted to 102.1751 trillion KRW as of the end of 2021, approximately 1.38 times the total assets of 74 trillion KRW in the ETF market listed on the Korea Exchange. This is an increase of 36.4668 trillion KRW compared to 65.7083 trillion KRW at the end of 2020. According to the global ETF research firm ETFGI, as of the end of November 2021, the global ETF assets under management totaled approximately 1,140 trillion KRW, and Mirae Asset ranks as the 14th largest ETF provider worldwide.

Mirae Asset Global Investments first listed three ‘TIGER ETF’ series on the Korea Exchange in 2006. In 2011, it became the first domestic asset manager to list ETFs on the Hong Kong Exchange, and in the same year, it acquired Canada’s Horizons ETFs. Horizons ETFs, a leader in active ETFs, offers a variety of products that investors can use in their portfolios depending on market conditions. In 2018, Mirae Asset acquired the U.S. ETF manager Global X. Global X supplies differentiated thematic and income ETFs under the catchphrase ‘Beyond Ordinary ETFs.’ Its thematic ETFs, categorized by various themes such as technological advancement, demographics, and infrastructure, are particularly advantageous.

The U.S. subsidiary Global X manages the largest scale of ETFs. As of the end of 2021, it manages 90 ETFs with assets totaling 51.9 trillion KRW. At the time of acquisition, Global X’s ETF assets under management were 8 trillion KRW, and by 2021, they surpassed 50 trillion KRW, increasing more than sixfold. According to ETF.com, Global X’s market share in the U.S. ETF market rose from 15th place at the end of 2020 to 11th place by the end of last year.

The second largest asset under management is Korea’s TIGER ETF. As of the end of 2021, it manages 134 ETFs with assets totaling 26.2 trillion KRW. TIGER ETFs, which lead the market with overseas stock thematic ETFs, have rapidly grown, with Korea’s ETF market share increasing from 25.2% to 35.5% in 2021, a rise of more than 10 percentage points.

Next, Canada’s Horizons ETFs manages the third largest scale of ETFs. As of the end of 2021, it manages 106 ETFs with assets totaling 19.4 trillion KRW. With a diverse product lineup including active and passive ETFs as well as leveraged and inverse ETFs, its assets under management increased by 5.3 trillion KRW in 2021 alone.

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