Mirae Asset Global Investments said on the 29th that the global exchange-traded fund (ETF) net worth topped 300 trillion won.
As of the 26th, the total assets under management of ETFs that Mirae Asset Global Investments is running across 13 regions worldwide, including Korea, the United States, Canada, Australia and Japan, came to 302.8 trillion won. That is larger than the entire domestic ETF market (294 trillion won) and ranks 12th among global ETF managers.
Mirae Asset Global Investments' global ETF assets under management have tripled in about four years since topping 100 trillion won in 2021. The compound annual growth rate over the past 10 years is 38.8%.
Mirae Asset Global Investments currently offers 715 ETF products across 13 regions worldwide. Unlike existing global ETF managers that focus on major markets in North America and Europe, Mirae Asset Global Investments said it has expanded into various regions with strong growth potential in financial markets and built a differentiated lineup by region and theme.
Mirae Asset Global Investments listed an ETF on the Hong Kong Stock Exchange in 2011, becoming the first domestic manager to enter overseas markets. Since then, Park Hyeon-joo, Mirae Asset Group global strategist (GSO) and chairman, pursued mergers and acquisitions (M&A) with ETF managers starting with "Horizons ETFs (Global X Canada)" in Canada in 2011, "Global X" in the United States in 2018, and "ETF Securities (Global X Australia)" in Australia in 2022.
The company emphasized that it has recently posted standout growth in Europe and Japan. In Europe, the world's No. 2 ETF market, "Global X EU" grew an average of 227% annually over the past five years, surpassing 8 trillion won in assets under management. In particular, silver-related ETFs have exceeded $700 million (about 11 trillion won) in assets under management, emerging as a growth driver. "Global X Japan" has also recently topped 6 trillion won in assets under management.
In Korea, TIGER ETFs are on the verge of topping 100 trillion won in assets under management on strong demand from retail investors. As of the end of Nov., retail investors held 37.7 trillion won in TIGER ETFs. That is about a 40% share of retail investor holdings. Since Nov. 2021, they have held the No. 1 monthly-end retail share for 49 consecutive months.
Kim Young-hwan, head of global management at Mirae Asset Global Investments, said, "Mirae Asset has built differentiated ETF competitiveness by combining local expertise and innovation capabilities across regions worldwide," and added, "We will continue to advance our global ETF platform to help investors build long-term assets and prepare for a stable retirement."