Global X, Launches ‘Global X PropTech ETF’

Mirae Asset Global Investments announced on the 18th that its U.S. ETF management subsidiary, Global X, has newly listed the "Global X PropTech ETF" on the New York Stock Exchange.

Proptech is a compound word of property and technology, referring to real estate services that combine advanced IT such as artificial intelligence (AI), big data, and blockchain. Examples of proptech include real estate brokerage, three-dimensional (3D) space design like cyber model houses, real estate crowdfunding, and Internet of Things (IoT)-based building management.

The newly listed "Global X PropTech ETF" invests in companies related to real estate management, real estate marketplaces and platforms, and real estate research and analysis. These companies have proptech accounting for more than 50% of their total revenue, including Chinese real estate platform company KE Holdings, global accommodation sharing platform company Airbnb, and U.S. cloud-based construction management platform company Procore Technologies. By country, the composition is 62.7% U.S., 11.6% Germany, and 8.9% China (as of the end of March). The ETF's underlying index is the "Global X PropTech Index," which is the first index calculated by Mirae Asset Global Indices, Mirae Asset Group's in-house index company.

Global X, established in 2008, is a U.S. ETF specialist management company that has been recognized as a rising star in the U.S. market, which accounts for more than 70% of the global ETF market, based on the catchphrase "Beyond Ordinary ETFs." Mirae Asset Global Investments acquired Global X in 2018. At the time of acquisition, Global X's assets under management (AUM) were about 8 trillion KRW, and after five years, it has grown sixfold to about 45 trillion KRW.

Global X ETFs can be traded through overseas stock accounts at major domestic securities firms such as Mirae Asset Securities.

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