Mirae Asset Global Investments said on the 29th that the net worth of its global exchange-traded funds (ETFs) surpassed 300 trillion won.
On the 26th, the total assets under management of ETFs that Mirae Asset Global Investments operates across 13 regions worldwide, including Korea, the United States, Canada, Australia and Japan, came to 302.8 trillion won. That exceeds the entire domestic ETF market (294 trillion won) and ranks 12th among global ETF managers.
Mirae Asset Global Investments' global ETF assets under management, which topped 100 trillion won in 2021, have grown threefold in about four years. 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 entered overseas markets for the first time among domestic managers by listing an ETF on the Hong Kong Stock Exchange in 2011. After that, group global strategist (GSO) Park Hyeon-joo, the chairman, pursued mergers and acquisitions (M&A) with ETF managers, starting with Canada's "Horizons ETFs (Global X Canada)" in 2011, the United States' "Global X" in 2018 and Australia's "ETF Securities (Global X Australia)" in 2022.
The company emphasized that growth has been notable recently in Europe and Japan. In Europe, the world's No. 2 ETF market, "Global X EU" grew an average 227% annually over the past five years, surpassing 8 trillion won in assets under management. In particular, silver-related ETFs have emerged as a growth driver, with assets under management exceeding $700 million (about 11 trillion won). "Global X Japan" has also recently topped 6 trillion won in assets under management.
In Korea, TIGER ETFs are on the verge of surpassing 100 trillion won in assets under management, backed by strong demand from retail investors. As of the end of Nov., retail investors held 37.7 trillion won of TIGER ETFs, accounting for about a 40% share of retail holdings. Since Nov. 2021, TIGER has maintained 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 in each global region," and added, "We will continue to advance our global ETF platform to help investors build long-term assets and prepare stably for retirement."