Mirae Asset's Global X Europe Assets Under Management Surpass $2 Billion

Mirae Asset Global Investments announced on the 6th that its total assets under management (AUM) for ETFs in Europe have surpassed 2 billion USD.

Mirae Asset Global Investments' ETF management subsidiary, Global X Europe (Global X EU), operates 42 ETFs across Europe as of the 5th. The total AUM reached 2 billion USD, approximately 2.8 trillion KRW. This achievement comes just over four years since entering the European ETF market in December 2020.

Global X EU's growth rate this year has reached 136%. The total AUM, which was 850 million USD at the end of 2023, has rapidly grown over the past year to exceed 2 billion USD.

The European ETF market is the second largest globally, following the United States. It attracts the attention of investors worldwide. Global X EU officially entered the European ETF market in December 2020 by newly listing two ETFs on the London Stock Exchange: ‘Video Games & Esports UCITS’ and ‘Telemedicine & Digital Health UCITS’.

Global X EU has distinguished itself in the thematic ETF market with products such as ‘Global X U.S. Infrastructure Development UCITS (PAVE)’, which invests in U.S. infrastructure companies. ‘PAVE’ has grown into Global X EU’s flagship ETF with net assets of approximately 758.5 billion KRW. Reflecting local investor demand, in September, Global X EU also launched the European version of ‘PAVE’, called ‘Global X European Infrastructure Development UCITS (BRIJ)’, which invests in European infrastructure companies.

In addition to thematic ETFs, Global X EU has shown balanced growth by gaining attention with income ETFs like ‘Global X Nasdaq 100 Covered Call UCITS (QYLD)’ and commodity ETFs such as ‘Global X Uranium UCITS (URNU)’. Moving forward, Global X EU plans to actively target the European ETF market by introducing various ETFs, including bond ETFs, tailored to local investor demand.

Kim Young-hwan, CEO of the Innovation/Global Management Division at Mirae Asset Global Investments, stated, "The ETF proportion in the global public fund market is about 18%, but in Europe, it is lower at around 9%. The European ETF market still holds significant growth potential."

He added, "Mirae Asset Global Investments plans to lead changes in the European ETF market based on proven products and experience in highly competitive ETF markets such as the U.S., Canada, and Korea."

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