Mirae Asset’s U.S. ETF Operator Global X Crosses US$40 billion in AUM

Mirae Asset Management announced on Oct. 25 that Global X, its ETF operator in the United States, has surpassed US$40 billion in assets under management (AUM).

Global X’s AUM stood at US$41.1 billion as of the closing price on Oct. 21, doubling from US$20.9 billion at the end of 2020.

ETF.com said that Global X has emerged as the 12th largest operator in the U.S. ETF market this year, beating PIMCO, Fidelity, and Goldman Sachs.

Global X's flagship ETF is the Global X Lithium & Battery Tech ETF (LIT) listed in 2010. Its net assets stood at US$5.15 billion, the largest among Global X ETFs. The ETF invests in value chains related to secondary batteries such as lithium mining, refining, battery manufacturing and electric vehicles.