2 weeks Ago By Kim Min-jee
On December 11, Mirae Asset Global Investments announced that the total net assets of its global ETFs have surpassed 200 trillion won. As of December 10, Mirae Asset Global Investments operates 624 types of ETFs across 13 regions, including South Korea, the United States, Canada, Australia, and Japan, with total net assets reaching 202 trillion won. This positions the company as the 12th largest in the world among ETF managers, marking a significant milestone as it has more than doubled its assets from 100 trillion won in 2021 within three years.
Mirae Asset Global Investments entered the ETF market in 2006 with the launch of the 'TIGER ETF' in South Korea. In 2011, it became the first domestic manager to list an ETF on the Hong Kong Stock Exchange, formally entering the global market. Since then, Chairman Park Hyun-joo of Mirae Asset Group has expanded its presence in the global ETF market by acquiring 'Horizons ETFs' in Canada in 2011 (now Global X Canada), 'Global X' in the United States in 2018, and 'ETF Securities' in Australia in 2022 (now Global X Australia).
Mirae Asset Global Investments is experiencing rapid growth in the ETF market through localization and ongoing innovation. Notably, the assets under management of 'Global X' have increased more than fivefold since the acquisition, and 'Global X Canada' has become the fourth-largest ETF manager in Canada, focusing on income-oriented ETFs. 'Global X Japan' and 'Global X Hong Kong' have also expanded their influence in the mainland Chinese market beyond Japan and Hong Kong.
Mirae Asset Global Investments is particularly making strides in the Indian market. Amidst a withdrawal of foreign management firms following the global financial crisis, Mirae Asset remains the only firm pursuing localization strategies and recently crossed 2 trillion won in ETF net assets, emerging as the ninth-largest local manager within 16 years. According to ETFGI, the Indian branch of Mirae Asset Global Investments has recorded an impressive net asset growth rate of 61.
1% over the past three years, significantly exceeding the overall growth rate of the Indian ETF market, which stands at 23%. Moreover, Mirae Asset Group is pursuing various initiatives to strengthen the global ETF ecosystem. It has established an index company, 'Mirae Asset Global Indices,' in India, acquired 'GHCO,' a European ETF market-making firm, and is enhancing its capabilities in index development and liquidity provision.
Additionally, Mirae Asset has entered the Indian capital market by acquiring the Indian brokerage firm 'Sharekhan,' becoming the first domestic securities company to do so. The group plans to expand AI-based investment strategies and advisory services through the acquisition of Australia's 'Stockspot' and the establishment of 'Wealthspot' in the United States. "Mirae Asset Group is committed to continuous innovation to strengthen its competitiveness in the global market," said Kim Young-hwan, the Chief Officer of Innovation/Global Management at Mirae Asset Global Investments.
"Through our global ETF platform, we aim to provide differentiated products and solutions to investors and support stable retirement planning.".
