Mirae Asset Global Investments surpasses W170tr in ETF net assets


Mirae Asset Global Investments, the leading asset management firm in Korea, has significantly expanded its global presence by managing over 580 exchange-traded funds with a combined net asset value of 170 trillion won ($133 billion). Since introducing its first exchange-traded fund, Tiger ETF, in 2006, Mirae Asset has emerged as a major player in the global market, overcoming initial doubts from the industry about a domestic financial firm. Its journey to international prominence began with becoming the first Korean asset manager to be listed on the Hong Kong Stock Exchange in 2011, followed by a series of international expansions and acquisitions, including Horizons ETFs in Canada, Global X in the US, and ETF Securities in Australia, now operating as Global X Australia. By May 2024, Mirae Asset oversees 585 global ETFs, surpassing the total size of Korea's domestic ETF market. Notably, Global X has experienced a significant growth in net assets, increasing from 8 trillion won at the time of acquisition in 2018 to 66 trillion won by May 2024. The company's focus has now shifted to emerging markets, with its Indian subsidiary launching its first ETF in 2018 and currently managing a portfolio of 20 ETFs, surpassing 1 trillion won in total net assets. Additionally, Mirae Asset has strengthened its comprehensive management by developing Mirae Asset Global Indices in India and acquiring GHCO, a European market maker, to enhance liquidity provision. A company official emphasized their commitment to proactive introduction of high-quality products through disruptive innovation, reflecting the company's global mindset and culture as a global financial entity. At the ETF Rally 2023 held in May last year, employees from Mirae Asset Global Investments gathered to discuss strategies for business synergies, highlighting the firm's dedication to fostering global growth and leadership within the ETF industry.


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