Mirae Asset achieves $100 billion milestone in global ETF business

Employees of Global X, Mirae Asset's subsidiary managing exchange-traded funds in the United States, pose before the Nasdaq MarketSite promoting Global X in New York's Times Square in this undated photo. Courtesy of Mirae Asset Global Investments

By Yi Whan-woo

Mirae Asset Global Investments announced on Tuesday that its global exchange-traded fund (ETF) business surpassed $100 billion in net assets.

The milestone comes 20 years after Korea's leading investment management firm advanced to the international market and grew into the world's 13th largest ETF provider thereafter.

“We are extremely proud of the global team we have built and remain committed to expanding the capabilities of our investment platform,” Mirae Asset Global Strategic Officer Park Hyeon-joo said.

He expressed hope that the Seoul-headquartered global ETF franchise will “serve as a strong foothold as we leverage our synergies across markets and offer investors unequaled exposure to disruptive themes, access to international markets and tools that help them achieve their investment objectives.”

Mirae Asset Global Investments offers a total of 538 ETFs in 14 countries, with a broad spectrum of exposures that include thematic, income, international access, core, commodity and active ETFs.

By countries, the net asset of the ETFs in the U.S. is worth $42.73 billion, followed by Korea with $29.07 billion, Canada with $20.21 billion, Australia with $3.92 billion, Hong Kong with $1.44 billion and Japan with $1.1 billion.

The company launched TIGER ETF in Korea in 2006 and made its first international acquisition in 2018 by purchasing Horizons ETFs, a prominent ETF provider in Canada.

Mirae Asset Global Investments expanded its ETF portfolio with the acquisition of Global X ETFs, a specialist in thematic and income strategies.

It further broadened its global footprint by acquiring Australian-based ETF Securities in 2022, which offered an extensive suite of commodity and thematic exchange-traded products

In addition to its strategic acquisitions, Mirae Asset has maintained a robust foothold in well-established markets. Among them are Brazil, Colombia, Europe, India, Vietnam, Hong Kong and Japan, where it formed a joint venture with Daiwa Securities in 2019.

With the global ETF AUM expected to grow to $15 trillion in 2027, Mirae Asset said it “looks to continue differentiating itself in the ever-evolving ETF landscape to continue strengthening its innovative ETF business that is client-centric and truly built around investors.”

“We leverage our extensive global network to conduct exhaustive analyses of local markets and offer pioneering products distinguished by their thematic and income-oriented focus, instead of solely relying on market index offerings," the firm's Head of the Global Business Unit Young Kim said. "Moving forward, we remain dedicated to introducing competitive products that cater to the discerning needs of our valued investors.”