Mirae Asset Global Investments announced on the 21st that its total assets under management have surpassed 400 trillion won. The company explained that this is a result of actively knocking on the doors of overseas markets to strengthen its global competitiveness.
Currently, Mirae Asset Global Investments manages a total of 403 trillion won in 16 regions, including South Korea, the United States, Vietnam, Brazil, the United Kingdom, India, and Japan. Of this total, about 45%, or 181 trillion won, is managed overseas, while the remaining 55% is managed domestically.
Mirae Asset Global Investments became the first domestic asset management firm to enter the overseas market by establishing a Hong Kong branch in 2003. Starting with this, Chairman Park Hyun-joo enhanced the global competitiveness of Mirae Asset by engaging in mergers and acquisitions (M&A) with Global X in the United States, Horizons ETFs in Canada, and Stockspot in Australia.
The assets under management of Mirae Asset Global Investments, which were 250 trillion won at the end of 2022, have steadily increased to 305 trillion won by the end of 2023 and 378 trillion won by the end of 2024.
In particular, the company noted that its competitiveness as a global exchange-traded fund (ETF) management firm is on an upward trend. Currently, Mirae Asset Global Investments manages a total of 212 trillion won in ETFs worldwide. This amount exceeds the domestic ETF market, which is around 200 trillion won, making it the 12th largest among global ETF management firms.
In South Korea, the company has shown balanced growth across all institutional sectors, including ETFs, pensions, outsourced chief investment officer (OCIO), and real estate funds. Mirae Asset Global Investments reported that its domestic assets under management have increased by approximately 20 trillion won this year alone, reaching 222 trillion won. According to the Korea Exchange, the cumulative net purchases by individuals of the company's flagship brand, TIGER ETF, amounted to 7.8594 trillion won last year, which accounts for 40% of the total cumulative net purchases by individuals in the domestic ETF market (19.76 trillion won).
Mirae Asset Global Investments plans to focus on discovering innovative products based on artificial intelligence (AI) moving forward. To achieve this, the company intends to strengthen synergies with Wealthspot in the United States and Stockspot, a professional robo-advisor firm in Australia.
Kim Young-hwan, head of the innovation and global management division at Mirae Asset Global Investments, said, "We will continue to introduce competitive products that can bring innovation to the market and contribute to the peaceful retirement of investors."