Leaders of Mirae Asset Global Investments share best practices and forward-looking strategies in the EFT business. The firm has topped $100 billion in terms of the ETF AUM. Photo courtesy of Mirae Asset Global Investments

Global asset management company reaches new milestone

Multinational asset management company Mirae Asset Global Investments announced on July 18 that its ETF business had topped $100 billion in terms of assets under management (AUM).

This means that the Seoul-based corporation’s AUM size already surpassed the entire Korean ETF market, which amounts to around $83 billion.

The company noted that the milestone had demonstrated its strong position in the investment industry and the competitiveness of its innovative products across the Americas, Europe, and Asia.

Mirae Asset saw its ETF business chalk up a 350-percent growth in AUM over the past five years based on its four ETF brands of Global X ETFs, TIGER, Horizon ETFs, and Mirae Asset.

In 2006, Mirae Asset launched TIGER ETF in Korea to establish itself as a leading global ETF provider by strategically acquiring key players in core markets.

The outfit has expanded its offering to over 530 ETFs across a broad spectrum of exposures, which spans thematic, income, international access, core, commodity, and active ETFs.

In 2011, Mirae Asset made its first international acquisition by purchasing Horizons ETFs, a prominent ETF provider in Canada.

in 2018, the entity expanded its ETF portfolio by gobbling up Global X ETFs, a specialist in thematic and income strategies.

Since being acquired, both brands have significantly contributed to the growth of the firm’s global ETF AUM, with both brands experiencing remarkable growth.

It further beefed up its global presence by taking over Australian-based ETF Securities in 2022, which offered an extensive suite of commodity and thematic exchange-traded products.

It has also cultivated organic growth in such well-established markets as Brazil, Colombia, Europe, India, South Korea, Vietnam, Hong Kong, and Japan.

In particular, it formed a joint venture with Daiwa Securities in 2019 to target the Japanese market.

Vowing to keep move forward

“We are extremely proud of the global team we have built and remain committed to expanding the capabilities of our investment platform,” Mirae Asset’s Global Strategic Officer Park Hyeon-joo said.

“Our global ETF franchise will serve as a strong foothold as we leverage our synergies across markets and offer investors unequaled exposure to disruptive themes, access to international markets, and tools that help them achieve their investment objectives.”

With the global ETF AUM expected to grow to $15 trillion in 2027, Mirae Asset said that it would continue differentiating itself in the ETF landscape, according to the firm’s global business chief Young Kim.

“We leverage our extensive global network to conduct exhaustive analyses of local markets and offer pioneering products distinguished by their thematic and income-oriented focus instead of solely relying on market index offerings,” he said.

“Moving forward, we remain dedicated to introducing competitive products that cater to the discerning needs of our valued investors.”

Brief for Exchange Trade Funds, ETFs track an index as compared to index funds. They are dubbed as low-risk investments because of their diversification, affordable management feeds, and high price visibility.

ETFs have gained ground across the globe thanks in no small part to their outstanding performances over the past several years.

The publisher studied Korean history in Seoul and management of business administration in the United Kingdom. He has 20-year experiences in the media business. Kim can be reached at voc200@gmail.com or 82-2-6956-6698.