Mirae Asset Global Investments' solid performance highlighted amid economic slump
Employees of Global X, Mirae Asset's subsidiary managing exchange-traded funds in the U.S. / Courtesy of Mirae Asset Global InvestmentsBy Yoon Ja-youngDespite the deteriorating economic outlook worldwide, Mirae Asset's global business has proven its competitiveness especially in times of crisis. The total assets under management (AUM) of Mirae Asset Global Investments stand at 248 trillion won ($200 billion) as of the end of 2022. Forty percent of them, or 103 trillion won worth, are managed overseas. Despite the global economic crisis triggered last year by a series of negative factors such as inflation, key rate hikes and Russia's invasion of Ukraine, the Korean asset manager had slightly more assets managed overseas than in 2021 when the figure stood at 102 trillion won, reflecting its competence in the global market. This year marks the 20th anniversary since Mirae Asset's advancement into the global market, when it was the first to do so. It took its first step into the global market in 2003, launching its Hong Kong operation. The industry had an overall negative outlook on Mira
