Mirae Asset Surpasses 300 Trillion Won in Global ETF Net Assets

Mirae Asset Global Investments announced on December 29 that its global ETF net assets have surpassed 300 trillion won.

As of December 26, the total assets under management (AUM) of ETFs operated by Mirae Asset Global Investments across 13 regions worldwide-including Korea, the United States, Canada, Australia, and Japan-amounted to 302.8 trillion won. This figure exceeds the total size of the domestic ETF market (294 trillion won) and ranks the company 12th among global ETF managers.

The global ETF AUM of Mirae Asset Global Investments has tripled in about four years since surpassing 100 trillion won in 2021. Over the past ten years, the company has recorded an average annual growth rate of 38.8%, significantly outpacing the global ETF market's average annual growth rate of 20.8% during the same period.

Furthermore, Mirae Asset Global Investments offers 715 ETF products across 13 regions worldwide. Unlike other global ETF managers that focus primarily on major markets in North America and Europe, Mirae Asset Global Investments has expanded its business into various regions with high growth potential in financial markets, building a differentiated product lineup by region and theme.

Mirae Asset Global Investments became the first Korean asset manager to enter overseas markets by listing an ETF on the Hong Kong Stock Exchange in 2011. Since then, Park Hyeon-joo, Global Strategist Officer (GSO) and Chairman of Mirae Asset Group, has grown Mirae Asset Global Investments into a global ETF manager through mergers and acquisitions (M&A): starting with the acquisition of Horizons ETFs (now Global X Canada) in Canada in 2011, Global X in the United States in 2018, and ETF Securities (now Global X Australia) in Australia in 2022.

Mirae Asset Global Investments continues to achieve rapid growth by strengthening local expertise and driving ongoing innovation. At the time of acquisition, Global X US had 800 billion won in AUM; as of December 26, this has grown to 11.3 trillion won, representing a 14-fold increase. Global X Canada has also expanded its AUM from 400 billion won to 5.2 trillion won, solidifying its presence in the North American market.

In Australia, Mirae Asset Global Investments, together with Global X US, acquired ETF Securities, marking the first case of a Korean asset manager acquiring an overseas ETF manager using profits generated abroad. The company then rebranded as Global X and expanded its AUM from 400 billion won to over 1.5 trillion won, more than tripling its size.

Recently, the company has shown remarkable growth in Europe and Japan. In Europe, the world's second-largest ETF market, Global X EU has achieved an average annual growth rate of 227% over the past five years, surpassing 800 billion won in AUM. In particular, silver-related ETFs have become a growth driver, with AUM exceeding 700 million dollars (approximately 1.1 trillion won). Global X Japan has also recently surpassed 600 billion won in AUM.

In Korea, the TIGER ETF is on track to surpass 10 trillion won in AUM, supported by strong demand from individual investors. As of the end of November, individual investors held 3.77 trillion won in TIGER ETFs, accounting for about 40% of total individual investor holdings. Since November 2021, TIGER ETFs have maintained the top spot in individual investor market share for 49 consecutive months as of the end of each month.

Mirae Asset Global Investments is attracting global investors with its "killer products," based on innovative product development and management expertise. This year, strong gold and silver markets have led to capital inflows into commodity ETFs such as Global X US's Global X Silver Miners (SIL), Global X EU's Global X Silver Miners (SILV), and Global X Australia's Global X Metal Securities AU Ltd - Physical Gold (GOLD), as well as innovative growth ETFs like Global X US's Global X Defense Tech (SHLD) and Global X Artificial Intelligence & Technology (AIQ). Furthermore, in June this year, Mirae Asset Global Investments launched the group's first AI model-based ETF, Global X Investment Grade Corporate Bond (GXIG), expanding the scope of investment in the era of AI-driven finance.

Kim Younghwan, Head of Global Business at Mirae Asset Global Investments, stated, "Mirae Asset has built differentiated ETF competitiveness by combining local expertise and innovative capabilities in each global region. We will continue to advance our global ETF platform to help investors build long-term assets and prepare for a stable retirement."