Global X Australia Surpasses 9 Trillion Won in Assets Under Management

Ranked as the Fifth Largest ETF Manager in Australia
Targeting the Australian Market with New Core Product Launches

Mirae Asset Global Investments announced on April 21 that the assets under management (AUM) of its Australian ETF subsidiary, Global X Australia, have surpassed 10 billion Australian dollars (approximately 9 trillion Korean won). This places the company among the top five ETF managers in Australia.

Global X Australia is a rapidly growing Australian ETF manager, specializing in commodity ETFs, and is known for launching the world’s first physical gold ETF. Mirae Asset Global Investments acquired the company, formerly known as ETF Securities, in June 2022 and subsequently rebranded it as Global X Australia. The company currently manages a total of 43 ETFs.

Since the acquisition, Global X Australia’s AUM has more than doubled over approximately three years. The AUM grew from 4.64 billion Australian dollars in June 2022, to 6.21 billion Australian dollars at the end of 2023, and to 9.13 billion Australian dollars at the end of 2024. Most recently, the figure surpassed 10 billion Australian dollars, making the company the fifth largest ETF manager in Australia, following Vanguard, Betashares, iShares, and VanEck. During this period, the overall Australian ETF market grew at an average annual cumulative rate of about 18.6%, while Global X Australia recorded a growth rate of 22.3%.

As a traditional leader in commodity ETFs, Global X Australia is attracting attention among Australian ETF investors. Recently, as global market volatility has increased, demand for gold, a safe-haven asset, has surged. Global X Australia offers a diverse lineup of gold investment ETFs. In addition to the world’s first physical gold ETF, "Global X Physical Gold Structured (GOLD AU)", the company has expanded its product lineup with "Global X Gold Bullion (GXLD AU)" and "Global X Gold Bullion Currency Hedged (GHLD AU)", further solidifying its position as a leader in commodity ETFs.

Leveraging Global X’s worldwide network, the company has introduced a variety of innovative products, including thematic, income, and bond ETFs. Notably, by benchmarking popular Global X products from the U.S., Global X Australia has launched unique offerings in the Australian market, such as "Global X Artificial Intelligence (GXAI AU)" and "Global X Defence Tech (DTEC AU)", thereby strengthening its competitive edge.

Global X Australia is expanding its influence in the Australian ETF market by introducing new core products and increasing its market share. The company also plans to target the Australian pension market in partnership with StockSpot, Mirae Asset Global Investments’ robo-advisor specialist in Australia. As of the end of last year, the Australian pension market ranked fifth globally and is projected to become the world’s second-largest market by 2030, surpassing Canada and the United Kingdom.

Alex Zaika, CEO of Global X Australia, stated, "We will continue to introduce more competitive products to local Australian investors and further strengthen our ETF business. We are committed to becoming a long-term investment partner for pension investors."

Kim Younghwan, Head of Innovation and Global Management at Mirae Asset Global Investments, commented, "Since 2022, Global X Australia has achieved balanced growth in both quantitative and qualitative aspects through continuous product lineup expansion, rebranding, and leadership restructuring." He added, "Australia is one of the core business regions for Mirae Asset Global Investments and is expected to make a significant contribution to the expansion of Mirae Asset’s global ETF business."

Alex Zaika, CEO of Global X Australia, is giving a speech to commemorate the new listing of "Global X Gold Bullion Currency Hedged" on the Australian Securities Exchange (ASX) in March.

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