Mirae Asset Surpasses 200 Trillion KRW in Global ETF Net Assets... Ranked 12th Worldwide ETF Manager

Managing 624 ETF Types Across 13 Regions Worldwide
Introduced 'TIGER ETF' in Korea in 2006

Mirae Asset Global Investments announced on the 11th that its global Exchange-Traded Fund (ETF) net assets have surpassed a total of 200 trillion KRW.

As of the 10th, Mirae Asset Global Investments manages 624 ETFs across 13 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. The total net assets amount to 202 trillion KRW, ranking it 12th among global ETF managers. Mirae Asset’s global ETF net assets, which exceeded 100 trillion KRW in 2021, have now surpassed 200 trillion KRW in just over three years.

Since launching the ‘TIGER ETF’ domestically in 2006, Mirae Asset Global Investments made its full-scale entry into the overseas ETF market by listing ETFs on the Hong Kong Stock Exchange in 2011, becoming the first Korean asset manager to do so. Mirae Asset Group’s Global Strategist Office (GSO) Chairman Park Hyun-joo has pursued mergers and acquisitions (M&A) of overseas ETF managers to develop Mirae Asset Global Investments into a global ETF manager. Starting with Canada’s Horizons ETFs (now Global X Canada) in 2011, followed by the U.S. Global X in 2018, and Australia’s ETF Securities (now Global X Australia) in 2022, these entities under Mirae Asset Global Investments have created synergistic effects.

Mirae Asset Global Investments is rapidly growing in the global ETF market by strengthening local expertise overseas and continuous innovation. The assets under management of U.S.-based Global X have grown more than fivefold since acquisition. Global X Canada is strengthening its position as the 4th largest ETF manager in Canada, focusing on income-type ETFs. Each entity, including Global X Japan?the only ETF specialist in Japan?and Global X Hong Kong, which has expanded into the mainland China ETF market beyond Hong Kong, is expanding its influence locally.

Notable achievements are also being made in India, representing emerging markets. After the global financial crisis, all foreign asset managers withdrew from India, but Mirae Asset Global Investments has been the only one to continue an active localization strategy and proactive investments. Recently, its ETF net assets exceeded 2 trillion KRW. After 16 years in the Indian market, it has grown into the 9th largest local asset manager. According to ETFGI, Mirae Asset Global Investments’ India branch’s ETF net asset growth rate averaged 61.1% annually over the past three years, more than double the overall Indian ETF market growth rate of 23%.

Mirae Asset Group is pursuing various businesses to strengthen its global ETF business capabilities. It established Mirae Asset Global Indices, an in-house index company in India, and acquired GHCO, a European ETF market-making specialist. It is building a global ETF ecosystem from index development to liquidity provision. Following the acquisition of Indian securities firm Sharekhan, becoming the first Korean securities company to enter the Indian capital market, it acquired Australia’s Stacks and established Wealthspot in the U.S. Plans are underway to expand AI investment strategies and advisory services.

Kim Young-hwan, Head of Innovation and Global Management at Mirae Asset Global Investments, said, "Mirae Asset Group is continuously pursuing innovation to strengthen competitiveness in global markets. Through our global ETF platform, we will do our best to provide investors with differentiated products and investment solutions and help them prepare for a stable retirement."