Mirae Asset Global Investments announced on the 11th that its total net worth of global exchange-traded funds (ETFs) has surpassed 200 trillion won.
As of the 10th, Mirae Asset Global Investments manages 624 types of ETFs in 13 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. Its total net worth is 202 trillion won, making it the 12th largest among global ETF managers. The total net worth of Mirae Asset's global ETFs exceeded 200 trillion won for the first time in over three years after surpassing 100 trillion won in 2021.
Mirae Asset Global Investments, which launched the 'TIGER ETF' in Korea in 2006, made its formal entry into the global ETF market by listing an ETF on the Hong Kong Stock Exchange in 2011, becoming the first domestic manager to do so. Subsequently, Mirae Asset Group's Global Strategist Office (GSO) Chairperson Park Hyun-joo initiated mergers and acquisitions (M&A) with ETF management companies, starting with Canada's 'Horizons ETFs' (now Global X Canada) in 2011, followed by 'Global X' in the U.S. in 2018 and 'ETF Securities' (now Global X Australia) in 2022.
Since then, the asset management size of 'Global X' in the U.S. has increased more than fivefold compared to at the time of acquisition, while 'Global X Canada' has strengthened its position as the fourth largest ETF manager in Canada, focusing on income-based ETFs. In India, representing emerging markets, the net worth of ETFs has surpassed 2 trillion won, thus growing into the ninth largest local manager 16 years after entering the market.
In addition, the Mirae Asset Group is pursuing various businesses to enhance its global ETF business capabilities. It is establishing an in-house index company, 'Mirae Asset Global Indices,' in India, and acquiring 'GHCO,' a market-making specialist in the European ETF market, thereby building a complete global ETF ecosystem from index development to liquidity provision. Additionally, after acquiring the Indian securities firm 'Sharekhan' and making its debut in the Indian capital market as the first domestic securities firm, it plans to expand AI investment strategies and advisory services with the acquisition of 'Stockspot' in Australia and the establishment of 'Wealthspot' in the U.S.
Mirae Asset Global Investments Innovation and Global Management Division CEO Kim Young-hwan said, "Mirae Asset Group is pursuing continuous innovation to strengthen its competitiveness in the global market," and added, "We will do our best to provide investors with differentiated products and investment solutions through our global ETF platform, helping them prepare for a stable retirement."