Jun Ji-hye, a reporter at the finance desk of The Korea Times, focuses primarily on economic policy and government agencies, mainly covering the Ministry of Finance and Economy, the Ministry of Budget and Planning, the National Tax Service and the Korea Customs Service. She previously covered financial authorities, including the Financial Services Commission and the Financial Supervisory Service, and earlier worked on the political, city and business desks, reporting on a wide range of issues.
Mirae Asset Global Investments surpasses $289 bil. in assets under management
A celebratory image, marking Mirae Asset Global Investments’ TIGER US Nasdaq 100 ETF surpassing a share price of 100,000 won ($72), is displayed on the Nasdaq Tower electronic billboard in the United States in this February 2024 photo. The ETF, which was initially listed at 10,000 won per share in October 2010, crossed the 100,000 won mark for the first time on Jan. 17, 2024, achieving more than tenfold growth over 13 years. Courtesy of Mirae Asset Global Investments
By Jun Ji-hye
Mirae Asset Global Investments has surpassed 400 trillion won ($289 billion) in total assets under management, reaching a significant milestone after 22 years of global expansion, the company said Wednesday.
Positioning itself as a leading global asset manager, the firm now plans to drive future financial innovation through global exchange-traded funds (ETFs), pension solutions and artificial intelligence (AI)-driven strategies.
Since it became the first Korean asset manager to enter overseas markets with the launch of its Hong Kong branch in 2003, the asset management arm of Mirae Asset Financial Group now operates across 16 regions, including the United States, Vietnam, Brazil, UK, India and Japan.
Of its total assets under management, approximately 181 trillion won — or 45 percent — is managed outside Korea.
Park Hyeon-joo, chairman and global strategy officer of Mirae Asset Financial Group, has expanded the asset manager’s global footprint by leading key mergers and acquisitions, including those with Global X in the U.S., Horizons ETFs in Canada and Stockspot in Australia.
From 250 trillion won at the end of 2022, assets under management have grown steadily, driven by strategic initiatives that have strengthened the firm’s global competitiveness.
Mirae Asset's capabilities in the global ETF market have become especially prominent. Over the past decade, while global ETF managers recorded an average annual growth rate of 17.8 percent, the Korean firm achieved a growth rate of 34.4 percent, nearly double the industry average.
Global X, for its part, has emerged as a leading ETF provider in the United States — the world’s largest ETF market — by delivering distinctive thematic and income-generating products. Since being acquired by Mirae Asset in 2018, Global X has seen its assets under management grow nearly tenfold, from 8 trillion won to approximately 80 trillion won.
In Europe, the second-largest ETF market globally, Global X EU has also demonstrated remarkable momentum, achieving an average annual growth rate of 182 percent over the past five years.
In the domestic market, Mirae Asset has shown steady performance across various sectors, including ETFs, pension products and real estate funds.
TIGER ETFs, the firm’s flagship ETF brand, have become the top choice among retail investors. According to data from the Korea Exchange, retail investors made net purchases totaling 7.86 trillion won in TIGER ETFs in 2024, accounting for 40 percent of all retail ETF net purchases, the highest share among domestic asset managers.
The firm has also been expanding its presence in the pension market by launching M-ROBO, the first domestic robo-advisor dedicated to retirement pensions. This AI-powered platform offers personalized pension management based on the company's expertise.
The firm stated that it will continue to focus on AI-driven innovative product development to lead the future financial market. To achieve this, it plans to strengthen synergies among its subsidiaries, including the U.S.-based AI firm Wealthspot and the Australian robo-advisor Stockspot.
"Leveraging Mirae Asset’s strong global network, we have the capability to manage global asset allocation and utilize diverse investment tools," said Kim Young-hwan, head of innovation and global business at Mirae Asset Global Investments. "We remain committed to launching innovative products that drive market advancement and help investors achieve a secure retirement."