Chairman Park Hyun-joo's 3 Core Strategies for Mirae Asset's Growth

ETF Innovation, AI Transformation, and Expansion of the Private Equity Market
Positioning India as an AI Innovation Hub
"New AGE" Seminar Held in India

Mirae Asset Global Investments announced on the 14th that it held a seminar in India under the theme "New AGE: The Future Ahead."

Held in Mumbai, India, Mirae Asset Global Investments reviewed the growth of Mirae Asset ETFs in India and discussed future strategies to take a step forward as a global ETF manager. Key executives attended, including Chairman Hyunju Park, Global Strategy Officer (GSO) of Mirae Asset Group; Swarup Mohanty, Vice Chairman and CEO of Mirae Asset Global Investments India; and Younghwan Kim, President of the Innovation/Global Management Division.

As of the end of last year, Mirae Asset Global Investments India had total assets under management (AUM) of approximately $23 billion (KRW 34 trillion), ranking 9th among local asset management firms in India. It is rapidly growing in the Indian ETF market based on various innovative products. With ETF assets under management of about $1.5 billion, it ranked 6th among local ETF managers in India.

At the seminar, Chairman Hyunju Park emphasized three core strategies for Mirae Asset's future growth in the Indian market: ▲ETF innovation ▲AI transformation ▲expansion of the private equity market. Chairman Park stated, "Mirae Asset will actively introduce various innovative ETFs while further expanding market accessibility by leveraging the extensive network of Sharekhan, one of India's largest securities firms."

He highlighted the importance of AI technology-based products as differentiated offerings that can change the market, so-called ‘Killer Products.’ Chairman Park expressed, "We will create new investment opportunities through the development of AI-based ETF products," adding, "Furthermore, through collaboration with Mirae Asset’s global affiliates, we aim to develop India as an AI innovation hub."

Plans were also disclosed to discover innovative startups and expand investments into private equity (PE) and investment banking (IB) to foster growth in the venture capital (VC) market. As of the end of last year, Mirae Asset Global Investments India had invested in innovative companies such as fintech firms Raise Financial Services and KreditBee, as well as Zomato, India’s largest food delivery platform. The total managed scale is approximately $590 million.

Through the seminar, Mirae Asset Global Investments expects to enhance the brand value of Mirae Asset’s global ETFs and create synergies within the group to strengthen Mirae Asset’s competitiveness. In particular, it plans to strengthen Mirae Asset’s unique capabilities based on ETFs and AI in the Indian market to offer diverse investment opportunities.

Swarup Mohanty, Vice Chairman and CEO of Mirae Asset Global Investments India, said, "Mirae Asset has differentiated competitiveness in India through high brand awareness, ETF capabilities, its role as a market maker, and strong local financial investment partnerships." He added, "Having led ETF growth in the Indian market so far, Mirae Asset will continue to strive to develop its leadership in the global financial market."