Mirae Asset Global Investments Achieves Milestone in Global ETF Market

Mirae Asset Global Investments has reached a significant milestone, surpassing 200 trillion won ($150 billion) in net assets under its global exchange-traded funds (ETFs). As of December 10, the net assets of Mirae Asset's 624 ETFs, operated across 13 regions worldwide, reached 202 trillion won, making the company the 12th largest ETF operator globally.

The journey of Mirae Asset in the ETF market began in 2006 with the introduction of the TIGER ETF in Korea. The company expanded into the global market in 2011 by listing an ETF on the Hong Kong Stock Exchange, becoming the first domestic asset manager to do so. This move was part of a broader strategy led by Park Hyun-joo, the global strategist officer (GSO) of Mirae Asset Group, who spearheaded the acquisition of overseas asset managers, including Canada's Horizons ETFs (now Global X Canada) in 2011.

The rapid growth of Mirae Asset's global ETF net assets, doubling from 100 trillion won in 2021 to 202 trillion won in 2024, is attributed to strategic acquisitions and a focus on innovation. For instance, Mirae Asset acquired the United States' Global X in 2018 and Australia's ETF Securities in 2022. The assets under management of the U.S. Global X have increased more than fivefold since its acquisition, and Global X Canada has risen to become the 4th largest ETF operator in the local market.

In the Indian market, Mirae Asset's ETF net assets have also surpassed 2 trillion won, making it the 9th largest operator locally. Recently, Mirae Asset Group acquired Sharekhan, a top 10 securities firm in India, for around 500 billion won, further solidifying its presence in the region.

Kim Young-hwan, head of innovation and global management at Mirae Asset Global Investments, emphasized the company's commitment to innovation and competitiveness in the global market. "Mirae Asset Group continuously pursues innovation to strengthen its competitiveness in the global market," he stated. "Through our global ETF platform, we will provide differentiated products and investment solutions to investors and assist in stable retirement preparation."

The success of Mirae Asset's global ETF platform is a testament to the company's strategic vision and execution. The firm's ability to adapt to global financial markets, coupled with its innovative approach, has enabled it to achieve remarkable growth. As the company continues to expand its global footprint, it aims to offer investors a diverse range of investment products and solutions, ensuring long-term stability and growth.