Mirae Asset Global Investments said on the 29th that its total assets under management have topped 450 trillion won.
Mirae Asset Asset Management said it entered overseas markets for the first time as a domestic manager by establishing its Hong Kong unit in 2003, and is currently managing a total of 456 trillion won across 16 regions including the United States, Canada, India, Japan, and Australia.
Assets under management, which were 250 trillion won at the end of 2022, grew to 305 trillion won at the end of 2023 and 378 trillion won at the end of 2024. That means an increase of 200 trillion won in about three years.
About 45% of total assets under management are managed overseas.
Mirae Asset Asset Management's global exchange-traded fund (ETF) assets under management totaled 250 trillion won. It noted that over the past 10 years, it posted an average annual growth rate of 36.8%, far outpacing the average annual growth rate (19.5%) of global ETF managers over the same period.
Mirae Asset Asset Management is also strengthening its role as a long-term investment partner. After launching Korea's first target date fund (TDF), it also launched the M-ROBO, a robo-advisor service dedicated to retirement pensions, this year as the first comprehensive asset management firm in Korea. Since 2021, as the lead manager of the Pension Fund Investment Pool, it has been working to expand deposits from public institutions and diversify investment assets.
In addition, Mirae Asset Asset Management said it is accelerating preparations for the future, including recently signing a memorandum of understanding (MOU) with Avalanche, a blockchain platform.
Lee Jun-yong, vice chairman of Mirae Asset Asset Management, said, "We plan to continue to protect customer trust with honest and principled management and to fulfill our responsible role as a global asset manager."