Mirae Asset Global Investments Ushers in the Era of 400 Trillion Won in Assets Under Management

Mirae Asset Global ETFs Achieve 34.4% Average Annual Growth Over the Past Decade
Redefining Financial History With Global ETFs, Pensions, and AI
Balanced Growth Across All Sectors Including ETFs, Pensions, OCIO, and Real Estate

Mirae Asset Global Investments announced on May 21 that its total assets under management have surpassed 400 trillion won. Having grown into a global asset management company managing 400 trillion won in assets in just 22 years since its overseas expansion, Mirae Asset Global Investments plans to lead the future financial market through three main strategies: global ETFs, pensions, and AI-driven innovation.

In 2003, Mirae Asset Global Investments became the first Korean asset management company to enter overseas markets by establishing its Hong Kong branch. The company now manages a total of 403 trillion won across 16 regions, including the United States, Vietnam, Brazil, the United Kingdom, India, and Japan. Of this, 181 trillion won?approximately 45%?is managed overseas.

Park Hyeon-joo, Chairman and Global Strategist (GSO) of Mirae Asset Group, has strengthened the company's global competitiveness through mergers and acquisitions with firms such as Global X in the United States, Horizons ETFs in Canada, and Stockspot in Australia. Assets under management, which stood at 250 trillion won at the end of 2022, grew steadily to 305 trillion won at the end of 2023 and 378 trillion won at the end of 2024.

The company's competitiveness as a global ETF manager has become even stronger. Mirae Asset Global Investments currently manages 212 trillion won worth of ETFs worldwide, a figure larger than the entire domestic ETF market, which is about 200 trillion won. The company ranks 12th among global ETF managers. Over the past 10 years, the average annual growth rate for global ETF managers was 17.8%, while Mirae Asset Global Investments achieved a growth rate of 34.4% during the same period?nearly double the industry average.

This is the result of Mirae Asset Global Investments introducing "killer products" to investors worldwide. In the United States, the world’s largest ETF market, Global X has grown into a "global top-tier ETF provider" by offering innovative thematic and income-focused products that differentiate it from traditional managers. When Mirae Asset Global Investments acquired Global X in 2018, assets under management were only 8 trillion won; this figure has now grown nearly tenfold to 80 trillion won. In Europe, the world’s second-largest ETF market, Global X EU has recorded an impressive average annual growth rate of 182% over the past five years.

Kim Young-hwan, Head of Innovation and Global Management at Mirae Asset Global Investments, stated, "Mirae Asset Global Investments is able to conduct global asset allocation and utilize a wide range of investment vehicles, thanks to our strong global network active around the world." He added, "We will continue to introduce competitive products that can drive market innovation and strive to contribute to investors’ secure retirements."

In Korea, the company has led the market with balanced growth across all sectors, including ETFs, pensions, OCIO, and real estate funds. Domestic assets under management have increased by about 20 trillion won this year alone, reaching a total of 222 trillion won. The TIGER ETF brand has become the most popular choice among individual investors. According to the Korea Exchange, the total cumulative net purchases by individuals of TIGER ETFs in 2024 amounted to 7.8594 trillion won, which is 40% of the total cumulative net purchases by individuals in the domestic ETF market (19.76 trillion won). This ranks first among domestic asset managers. The flagship products, "TIGER US S&P500" and "TIGER US Nasdaq 100," have grown beyond Korea to become the largest US index ETFs in Asia.

The company's influence in the pension market is also expanding. Mirae Asset Global Investments recently ushered in the era of Pension 2.0 by launching "M-ROBO," the first robo-advisor service dedicated to retirement pensions among comprehensive asset managers in Korea. As the first company in Korea to launch a target date fund (TDF), Mirae Asset Global Investments now leads the pension market with the largest pension fund assets, the highest TDF market share, and the largest assets in default option funds. M-ROBO is expected to provide AI-based customized pension management solutions by combining Mirae Asset’s pension fund management expertise with AI technology and investment philosophy.

The company has also secured competitiveness as a global real estate investment platform. Mirae Asset Global Investments, which established Korea’s first real estate fund in 2004, is recognized for its diverse investment track record over the past 21 years. Last month, the company set up its third Korea Post domestic real estate core strategy blind fund, once again demonstrating its unrivaled management capabilities. Further growth is anticipated in the infrastructure fund sector, which is worth about 8 trillion won.

Mirae Asset Global Investments plans to drive the future financial market by focusing on discovering innovative products based on artificial intelligence (AI). To this end, the company intends to further strengthen synergies among its affiliates, including Wells Spot, its AI subsidiary in the United States, and Stockspot, a robo-advisor specialist in Australia.

Mirae Asset Global Investments celebrated the 'TIGER US Nasdaq 100 ETF' surpassing 100,000 won last February by displaying a congratulatory image on the Nasdaq Tower electronic billboard in the United States.