Mirae Asset Securities said on the 14th that it surpassed 50 trillion won in overseas stock balances, the first among domestic brokerages. It topped 40 trillion won at the end of last year, reaching the new mark in 10 months.
Mirae Asset Securities explained that customers' overseas stock investment gains were the driving force. As of the 10th, of the 51.8 trillion won in overseas stock balances, customers' unrealized gains (pre-tax) were close to 15 trillion won. This year alone, more than 8 trillion won in unrealized gains have occurred.
Mirae Asset Securities also noted that its expanded global asset allocation strategy since the start of the year hit the mark. The company advised increasing exposure to Chinese innovative companies, and Hong Kong's Hang Seng Tech Index has surged 44.8% from the start of the year, outpacing the U.S. Nasdaq Composite's rise of 19.2% over the same period.
The most-traded China and Hong Kong stocks by Mirae Asset Securities customers this year were Xiaomi, SMIC, and Alibaba. Based on customers' average purchase prices, they are currently showing unrealized gains of 6%, 72%, and 24%, respectively.
Mirae Asset Securities plans to support overseas stock investing with artificial intelligence (AI)-based solutions and a customer participation platform. A Mirae Asset Securities official said, "We will continue to expand our asset allocation strategy that reflects global innovative companies and growth markets, keeping customers' rates of return as the top priority."