Assets under Management Increasing Fast
Mirae Asset Global Investments announced on Aug. 17 that the total net assets of its Tiger ETFs have surpassed 30 trillion won.
The total net assets of 142 TIGER ETFs stood at 30.48 trillion won as of the close of the Korean stock market on Aug. 16. The funds' net assets increased by 3,811.3 billion won this year. It took about one year that the funds' net assets increased by 10 trillion won after posting 20 trillion won in August 2021.
Mirae Asset Global Investments entered the ETF market in 2006 by listing three Tiger ETFs on the Korea Exchange. Since then, it has launched ETFs with various themes and in various sectors, allowing investors to distribute their assets globally through these funds alone.
The ETF that saw the largest increase in net assets this year is the Tiger US S&P 500 ETF. Its net assets have increased by 688.2 billion won since the beginning of the year. This ETF follows the S&P 500, one of the three major U.S. indices which reflects overall U.S. economic situations.
Following the Tiger US S&P 500 ETF, the Tiger US Philadelphia Semiconductor NASDAQ ETF enjoyed an increase of 522.1 billion won and the Tiger US NASDAQ 100 ETF an increase of 474 billion won in net assets. In addition, Mirae Asset Global Investments is managing 10 ETFs with net assets of over 1 trillion won, including the Tiger China Electric Vehicle Solactive ETF, the Tiger NASDAQ 100 ETF, and the Tiger 200.
Mirae Asset Global Investments’ global ETF management scale is also on a sharp rise. It established a global ETF network by acquiring Canada’s Horizons ETFs in 2011, US Global X in 2018, and Australia’s ETF Securities in 2022.
As of the end of July, the assets under management by Mirae Asset’s global ETFs stood at 110,821.3 billion won, a more than five-fold increase from 21,360 billion won at the end of 2017. Horizons ETFs, which was about 3.6 trillion won at the time of the acquisition in 2011, have expanded more than six-fold to 22 trillion won. Global X also grew more than five-fold to 51 trillion won from about 10 trillion won at the time of its acquisition in 2018.