Mirae Asset tops W70 tril. mark in TIGER ETFs

CEOs, executives and other experts from Mirae Asset Global Investments' ETF market operations pose during the ETF Rally 2025 gathering at a hotel in Hawaii, February. Courtesy of Mirae Asset Global Investments

Mirae Asset Global Investments said Thursday that its TIGER exchange-traded funds (ETFs) topped 70 trillion won ($51.54 billion) in net assets both at home and abroad.

The asset management arm of Mirae Asset Financial Group said the net assets reached 70.07 trillion won for all 213 ETFs sold under the TIGER brand worldwide.

The achievement came as the Seoul-based company grew into the world’s 12th-largest ETF provider, managing 217 trillion won in net assets after it advanced to the international market in 2003.

In particular, the yearly growth rate of Mirae Asset Global Investments averaged 35.1 percent over the past 10 years, which was nearly double the growth rate of global peers, averaging 18.3 percent growth.

In Korea, TIGER ETFs account for about 43 percent of the 62 trillion won of assets under management of entirely domestically traded ETFs. The 43 percent marks the largest market share among local asset managers.

A giant screen on the Nasdaq Tower in New York City shows a celebratory message for TIGER US Nasdaq 100 ETF surpassing 100,000 won in February 2024. Courtesy of Mirae Asset Global Investments

“We will continue to pay back customers' support for TIGER ETFs by developing innovative products and faithfully serving our role as a long-term investment partner as well as a global top-tier ETF manager,” the company said.

It launched Korea’s first ETF tracking a major U.S. index, solidifying its position as a leader in U.S. equity investment thereafter.

The firm has also actively identified investment opportunities not only in the U.S., but also in emerging markets like China and India.

For instance, it has enhanced accessibility to fast-growing, innovative Chinese firms through products like TIGER China Tech TOP10 ETF.

In addition to overseas equity ETFs, fixed-income ETFs have also driven growth for TIGER ETFs.

The company recently introduced its first artificial intelligence-assisted financial product, Global X Investment Grade Corporate Bond ETF (GXIG), which drew attention as a potential game changer on the global market.

GXIG is also expected to serve as a "killer product,” which refers to a product that is exceptionally successful and dominates its market, often to the detriment of competitors.