Mirae Asset's Global ETF Net Assets Surpass 100 Billion USD

Mirae Asset Global Investments announced on the 18th that the total net assets of ETFs managed worldwide have surpassed 100 billion USD.

As of this date, Mirae Asset Global Investments operates 538 ETFs across 14 regions worldwide, including South Korea, the United States, Canada, Australia, and Japan. The total net assets amount to 100 billion USD, approximately 127 trillion KRW, ranking 13th among global ETF managers. Mirae Asset Global Investments is recognized for its outstanding competitiveness in the global ETF market beyond South Korea.

Since launching the first ‘TIGER ETF’ domestically in 2006, Mirae Asset Global Investments officially entered the global ETF market by becoming the first domestic asset manager to list an ETF on the Hong Kong Stock Exchange in 2011. Mirae Asset Group Global Strategist (GSO) Chairman Hyunju Park actively expanded overseas subsidiaries to grow Mirae Asset Global Investments into a global ETF manager. Alongside this, starting with Canada’s Horizons ETFs in 2011, Mirae Asset pursued mergers and acquisitions (M&A) of ETF managers such as the U.S. ‘Global X’ in 2018 and Australia’s ‘ETF Securities’ (now Global X Australia) in 2022, building a global network.

As a result, Mirae Asset Global Investments achieved total ETF net assets of 100 billion USD after 20 years of overseas expansion and 17 years in the ETF market. Local subsidiaries in 14 regions worldwide have grown steadily, and Mirae Asset’s global ETF brands such as ‘Global X,’ ‘Horizons ETFs,’ and ‘Mirae Asset Global Investments’ are recognized for their competitiveness among global investors.

In the United States, Global X’s assets under management have increased more than fourfold since its acquisition in 2018. Its flagship product, ‘Global X Nasdaq 100 Covered Call (QYLD),’ recently surpassed 8.1 billion USD in net assets, attracting market attention. Global X Japan, the only specialized ETF manager in Japan, has captivated local investors by offering differentiated products. In March, just over two years after establishing the subsidiary and launching its first product, assets under management exceeded 100 billion JPY (approximately 1 trillion KRW).

In the Canadian ETF market, Horizons ETFs, the fourth-largest manager, is solidifying its position by focusing on income-type ETFs such as deposit rate and covered call products. Additionally, Mirae Asset Global Investments has rapidly expanded its influence in emerging markets’ ETF sectors, increasing its lineup to 13 ETFs since launching its first ETF in India in 2018.

Moreover, Mirae Asset established the in-house index company ‘Mirae Asset Global Indices’ in India and acquired ‘GHCO,’ a European ETF market-making specialist, thereby building a global ETF management ecosystem capable of overseeing everything from index development to liquidity provision.

To take a further leap as a global ETF manager, Mirae Asset Global Investments is focusing on enhancing the brand value of Mirae Asset Global ETFs beyond mere scale expansion. At the ‘ETF Rally 2023’ held in South Korea last May, Mirae Asset Global ETF employees from around the world gathered to discuss ways to create global business synergies.

Kim Young-hwan, Vice President of the Global Management Division at Mirae Asset Global Investments, said, “Utilizing Mirae Asset’s worldwide network, we have thoroughly analyzed local markets and provided differentiated and innovative products in thematic and income areas rather than focusing solely on market index products. Since challenging overseas markets as the first domestic asset manager in 2003 and running continuously for 20 years, Mirae Asset will continue striving to offer competitive products to investors.”

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