Mirae Asset Global Investments was managing 130 trillion won ($119 billion) as of the end of October through its global networks in 12 countries, the asset management unit of Mirae Asset Financial Group said Monday.
The asset management company is not only managing equity funds, but is also managing balanced portfolios including exchange traded funds (ETF), private equity funds (PEF) and several other funds that focus on bonds, real estate and social overhead capital (SOC).
It has expanded its overseas presence by establishing global offices, acquiring asset management companies in other countries and pioneering in fields for alternative financing.
After establishing its Hong Kong affiliate in 2003, the company came up with "Mirae Asset Asia Pacific Star Fund" in 2005 to contribute to diversified overseas investments for its clients, being the nation's first finance company that launched an overseas fund.
Since then, it established its affiliates and offices in India, the United Kingdom, the United States and Brazil.
The Seoul-based company took over management companies in Taiwan, Canada and Australia as well.
Mirae Asset also set up an offshore fund in Luxembourg, dubbed SICAV, in 2008.
It began the open-ended collective investment scheme common in Western Europe, so as to offer various financial instruments to global investors.
Aiming to offer investment solutions that can help its clients enjoy comfortable lives after they retire, the company is operating 11 overseas affiliates and two offices in 12 countries.
Mirae Asset has also turned its eye to unconventional financing.
Since it came up with the nation's first PEF and real estate funds in 2004, the company also introduced the nation's first SOC fund concentrating on overseas infrastructure.
In 2011, it purchased Acushnet, which owned Titleist, one of the most famous sports brands around the world, along with other institutions.
In addition, Mirae Asset has led others to bet on domestic and overseas office buildings.
Since 2006, it purchased stakes in landmark office buildings and hotels in China, Brazil, the U.S. and Australia.
The company recently launched a public offering fund that buys stakes in foreign real estate which were previously regarded as the exclusive domain of globally big institutions.
"Based on our successful experience in other countries, we offer efficient investment solutions for domestic and foreign investors to cope with low interest rates and slow economic growth," a Mirae Asset Global Investments official said.
"Offering various financial instruments that can secure the assets of our clients and create stable profits, we have contributed to Korea's capital market."
(Advertorial)
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