Significant Milestone
Mirae Asset Global Investments announced on July 18 that the net assets of ETFs it manages worldwide have exceeded US$100 billion.
As of July 18, Mirae Asset Global Investments manages 538 ETFs in 14 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. The total net assets amount to US$100 billion, approximately 127 trillion won, ranking it 13th in size among global ETF managers.
Since it first introduced the TIGER ETF in Korea in 2006, Mirae Asset Global Investments has been actively expanding its foreign subsidiaries to grow into a global ETF manager. It has been building a global network by advancing M&As with ETF managers such as Horizons ETFs in Canada in 2011, Global X in the U.S. in 2018, and ETF Securities (now Global X Australia) in Australia in 2022.
Despite initial skepticism about Korean financial companies competing with global ones, Chairman Park Hyun-joo of Mirae Asset Group’s Global Strategy Office (GSO) emphasized a long-term vision for the global market. As a result, after 20 years of overseas advancement and 17 years after entering the ETF market, Mirae Asset Global Investments has achieved a total net asset value of US$100 billion in ETFs.
Global X in the United States has seen its managed assets increase by more than four times since its acquisition in 2018. Its flagship product, Global X Nasdaq 100 Covered Call (QYLD), has recently surpassed US$8.1 billion dollars in net assets, gaining significant market attention.
In Japan, Global X Japan, the only ETF specialized manager, has captivated local investors by offering differentiated products, exceeding managed assets of 100 billion yen (approximately 1 trillion won) just over two years since the launch of its first product after incorporation in March.
In the Canadian ETF market, Horizons ETFs, the 4th-largest manager, has consolidated its position by focusing on income-type ETFs such as deposit rates and covered calls.
In addition, since introducing the first ETF in India in 2018, Mirae Asset Global Investments has been rapidly expanding its influence in the emerging country ETF market by expanding its lineup to 13 ETFs.