AUM Surpasses 300 Trillion Won
Mirae Asset Global Investments announced on Dec. 17 that its Hong Kong subsidiary, established in December 2003, is celebrating its 20th anniversary.
Launched in 2005, the Mirae Asset Asia-Pacific Star Fund marked a significant milestone as South Korea’s first domestically introduced fund managed directly overseas. Operated by a team of professionals with extensive expertise based in Hong Kong, the fund has played a crucial role in facilitating diversified international investments for domestic investors.
In addition, Mirae Asset Global Investments has introduced various emerging market funds, including funds for BRICS -- Brazil, Russia, India, China, and South Africa -- and China funds, to domestic investors. In 2008, the company achieved another milestone by establishing the first offshore fund, the SICAV, in Luxembourg.
In 2011, Mirae Asset Global Investments’ Hong Kong subsidiary made its entry into the Hong Kong ETF market, becoming the first domestic entity to do so. Since then, it has experienced remarkable growth, currently ranking as the sixth largest ETF manager in Hong Kong. The company is recognized as a trailblazer in the Hong Kong thematic ETF market by introducing innovative products such as the “Global X China Biotech ETF” and “Global X China Cloud Computing ETF,” aligning with local trends.
As of the end of November, Mirae Asset Global Investments’ Hong Kong subsidiary is managing 35 ETFs, with total assets under management (AUM) amounting to approximately 2 trillion won. In October, the “Global X Hang Seng TECH ETF,” listed in Hong Kong, achieved a milestone by cross-listing on the China Shanghai and Shenzhen Stock Exchanges, making it the first accomplishment of a domestic asset management company entering the mainland Chinese ETF market.
Furthermore, Mirae Asset Global Investments’ Hong Kong subsidiary plays a pivotal role as a hub for the global business expansion of the Mirae Asset Group in the international financial hub of Hong Kong.
Currently, Mirae Asset Global Investments has expanded its presence to 16 regions worldwide, including South Korea, Hong Kong, the United States, Canada, Australia, and Japan. As of the end of November, the total AUM for overseas operations amounted to 120 trillion won (US$92.02 billion), constituting approximately 40 percent of Mirae Asset Global Investments’ total AUM, which stands at 300 trillion won.