Mirae Asset Global Investments announced on January 10 that the net assets of Mirae Asset Global Exchange Traded Funds (ETFs), which entered six countries – South Korea, Canada, Australia, Hong Kong, Columbia and the U.S., exceeded US$20.02 billion (21.33 trillion won).
According to global ETF research firm ETFGI, Mirae Asset Global ETFs ranked 21st in the world in terms of net assets as of the end of November last year.
Mirae Asset Global Investments, which first pushed into the EFT market in 2006 through its TIGER ETF, decided to go global by taking over Horizon ETFs, a leading ETF management company in Canada in 2011. After that, the South Korean firm successfully settled down as it entered sweet spots, which have a growth potential in the global EFT market.
Market watchers say that Mirae Asset ETFs provided investors with a wider variety of choices ranging from sector ETFs to foreign indexed, leveraged and inverse and active ETFs in global regions. A global ETF team run ETF business in six countries and manages 237 ETFs under the three brands of Horizons in the U.S., Canada, Hong Kong and Columbia, Tiger in South Korea and BetaShares in Australia.
In addition, Mirae Asset Global Investments successfully listed ETFs, which invest in the global market by making use of artificial intelligence technology for the first time in the world, on the Canadian market in November last year, leading the market through its innovative products. It is also planning to provide an ETF Managed Portfolio (EMP) through various product lineups and expand the platform using ETFs in the future.