Mirae Asset's Global X surpasses $73 bil. in US assets under management

Employees of Global X, a subsidiary of Mirae Asset Global Investments, pose in front of the New York Stock Exchange in February 2024. Courtesy of Mirae Asset Global Investments

Mirae Asset Global Investments’ exchange-traded fund (ETF) arm Global X has reached $73.5 billion in assets under management (AUM) in the United States, the company said Thursday.

The milestone comes seven years after Mirae Asset acquired the firm in 2018, during which Global X’s assets have grown 13-fold, cementing its status as one of the top managers in the world’s largest ETF market.

As of Wednesday, Global X oversees 101 ETFs in the United States with total assets of $73.5 billion.

At the time of the acquisition in 2018, the company’s AUM was around $10 billion, which rose to $42.4 billion by the end of 2023 and $53.9 billion by the end of 2024.

The latest total represents a 13-fold increase, reflecting an average annual growth rate of 37.7 percent over the past five years — nearly double the U.S. ETF market’s average of 20.2 percent during the same period.

Global X has been recognized by U.S. investors for its distinct and forward-looking ETF product lineup.

Its flagship "Global X Defense Tech (SHLD US)" ETF has posted a strong performance compared with peers, driven by a unique strategy that broadens exposure to European defense firms for geopolitical diversification and adds next-generation defense stocks powered by artificial intelligence (AI) technology.

Another key offering, the "Global X Artificial Intelligence & Technology (AIQ US)" ETF invests across the entire AI value chain, including AI software and big data companies, gaining significant traction. The fund has attracted over $2.8 billion in net inflows this year alone, reflecting growing investor appetite for AI.

Global X has continued its innovations this year by introducing the "Global X Bitcoin Covered Call (BCCC US)" ETF and the "Global X Investment Grade Corporate Bond (GXIG US)" ETF in June, pioneering investment products that integrate digital assets and AI-based modeling to deliver next-generation portfolio solutions.

Most recently, the firm launched the "Global X AI Semiconductor & Quantum (CHPX US)" ETF earlier this month, quickly attracting strong investor interest amid growing global demand for exposure to the AI semiconductor and quantum computing sectors.

“We are strengthening our foothold in both the U.S. and global ETF markets by leveraging our extensive international network,” said Kim Young-hwan, head of innovation and global business at Mirae Asset Global Investments. “We will continue to deliver innovative ETF solutions to investors worldwide and strive to advance further as a leading global asset manager.”