Mirae Asset Global Investments becomes 12th largest ETF manager by AUM in the world

 

Mirae Asset Global Investments surpassed 400 trillion won ($264.1 billion) in global exchange-traded funds (ETFs) assets under management (AUM) to become the 12th largest ETF manager worldwide by AUM, according to the investment firm on Monday.

 

The firm had just passed 300 trillion won in AUM at the end of last year. 

 


 

Mirae Asset’s global ETFs are traded in 13 regions, including the United States, Canada, Australia and Europe.

 

Global X, Mirae Asset Global Investments’ U.S. subsidiary, is nearing $100 billion in AUM. The U.S. affiliate reportedly grew approximately 12-fold from $8 billion in 2018, when Mirae Asset acquired Global X, to $98.6 billion as of the end of last May.

 

Only 13 out of 460 ETF managers in the United States have surpassed $100 billion in AUM. 

 

In the domestic market, Mirae Asset’s Tiger ETF brand marked 160 trillion won in AUM as of the end of last month, with Tiger Semiconductors Top 10 ETF having the largest AUM in themed ETFs in Korea.

 

Mirae Asset Group’s headquarters in Jung District, central Seoul, is seen in this file photo [JOONGANG ILBO]

 

Its single-stock leverage ETF tracking SK hynix set the record for the largest first-day net purchase by retail investors on its launch on Wednesday, according to Mirae Asset.

 

Other popular ETFs under the Tiger brand include Tiger 200, Tiger S&P500 ETF and Tiger Nasdaq 100 ETF.

 

“Both the Tiger ETF in Korea and Global X in the United States have reached the $100 billion mark and rewrote the standards for the global ETF industry,” said Kim Young-hwan, the head of Mirae Asset Global Investments. “We will continue to strengthen our global ETF platforms to grow our investors’ assets for the long term.”

BY LEE JI-WON [[email protected]]