Fast Growth of Assets and Returns
The total net worth of Global X tasked with managing Mirae Asset Asset Management's U.S. exchange traded fund (ETF) topped 20 trillion won (US$20.86 billion dollars) as of the end of 2020. Compared to the net assets of Global X when Mirae Asset took it over in 2018, its net assets more than doubled.
It is Global X Lithium & Battery Tech ETF (LIT ETF) that recorded the highest expansion of net assets by increasing them by 1.2 trillion won in 2020. In line with the expansion of the global electric vehicle market, the company invested in a lithium cycle such as mining, refining and battery production, and its return grew 126 percent in 2020.
Global X Robotics & Artificial Intelligence ETF (BOTZ ETF) with the largest net assets of 2.5 trillion won also enjoyed an increase of more than 900 billion won last year. After following indices consisting of stocks benefiting from the use of robots and artificial intelligence, its return has inflated 128 percent since its establishment in September 2016, marking annual return of more than 20 percent.
Under the catchphrase "Beyond Ordinal ETFs," Global X runs about 80 differentiated ETFs such as theme-type, income-type, country-by-country, and smart beta ETFs. In particular, Global X excels in thematic growth ETFs that are divided according to topics such as technological development, population structures, resources, etc., and income-type ETFs that seek monthly distribution through various income acquisitions.
In April 2019, Global X listed Global X Cloud Computing ETF (CLOU ETF) which invests in cloud computing-related companies. Its net assets are currently close to 1.7 trillion won. Last year, its return reached 77 percent, far higher than 58 percent of the First Trust SKYY ETF, the largest cloud computing ETF in the world.
In July last year, Global X garnered a lot of attention by listing Global X Telemedicine & Digital Health ETF (EDOC ETF) that invests in global telemedicine and digital health-related companies via a basic index jointly developed with Solactive by expecting the long-term growth of telemedicine after the COVID-19 pandemic.
The total net worth of Mirae Asset Global ETFs, which entered 10 countries including Korea, increased by more than 20 trillion won in 2019 alone to more than 65 trillion won ($60,384 million).
Mirae Asset Global ETF ranked 16th in terms of net assets among global operators as of the end of November 2020 and its net inflow of funds has also placed 10th since the beginning of 2021, according to ETFGI, a global ETF research company. Mirae Asset’s net assets eclipsed those of the domestic ETF market, which stood at about 52 trillion won as of the end of 2020.
Meanwhile, Global X established joint venture Global X Japan with Daiwa Securities Group and listed two ETFs on Japanese logistics on the Tokyo Stock Exchange in August last year. The investment company has been steadily expanding its business such as listing two new global growth-themed ETFs on the London Stock Exchange in December 2020.