Mirae Asset Global Investments Hong Kong Subsidiary Celebrates 20th Anniversary "Over 120 Trillion KRW in Overseas Assets Under Management"

Mirae Asset Global Investments announced on the 17th that its Hong Kong subsidiary has celebrated its 20th anniversary.

The Hong Kong subsidiary was established on December 17, 2003. The 'Mirae Asset Asia Pacific Star Fund,' launched in 2005, was the first fund in Korea to be directly managed overseas. Portfolio managers with high expertise based in Hong Kong managed the fund directly, contributing to overseas diversification for domestic investors. Additionally, various emerging market funds such as the BRICs fund and China fund were introduced to domestic investors. In 2008, it set up the SICAV, an offshore fund, in Luxembourg for the first time in Korea.

In 2011, Mirae Asset Global Investments' Hong Kong subsidiary became the first Korean company to enter the Hong Kong Exchange-Traded Fund (ETF) market and is currently the 6th largest ETF manager in Hong Kong. As of the end of last month, the Hong Kong subsidiary manages 35 ETFs with a total net asset value (AUM) of approximately 2 trillion KRW.

In October, the ‘Global X Hang Seng TECH ETF,’ listed in Hong Kong, was cross-listed on the Shanghai and Shenzhen Stock Exchanges in China. This marks the first entry by a Korean asset management company into the Chinese mainland ETF market.

At the same time, Mirae Asset Global Investments marked its 20th anniversary of global expansion this year. At that time, Park Hyun-joo, Chairman of Mirae Asset Group (GSO), said, "Even if I fail, the experience will remain in the Korean capital market," and challenged overseas markets. Currently, Mirae Asset Global Investments has expanded to 16 regions worldwide, including Korea, Hong Kong, the United States, Canada, Australia, and Japan. As of the end of last month, overseas assets under management (AUM) totaled approximately 120 trillion KRW, accounting for about 40% of Mirae Asset Global Investments' total AUM of 300 trillion KRW.

Kim Young-hwan, Head of the Innovation Global Management Division at Mirae Asset Global Investments, expressed, "As the starting point of our global business, we deeply thank our customers, business partners, and stakeholders who have been with us on this 20-year journey in Hong Kong, which holds great significance for Mirae Asset." He added, "We will continue to strive to take another leap forward and grow as a global asset management company representing Korea not only in Hong Kong but also in the global market."

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