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[Sponsored Report] Mirae Asset finds global success with ETFs

Nov 08,2019
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Horizons ETFs CEO Steve Hawkins (third from left) speaks at the 2019 Mirae Asset Global ETF Rally. [MIRAE ASSET GLOBAL INVESTMENT]
Mirae Asset Global Investment’s exchange-traded fund (ETF) business is competing not only in Korea, but now also in international markets.

As of September this year, Mirae Asset Global Investment has been handling over 40 trillion won ($34.6 billion) in ETFs across Korea, Canada, Australia, Hong Kong, America, Colombia, Brazil and India.

The ETF program started off in 2006 with the Tiger ETF series going public at the Korea Exchange.

Ever since, the portfolio has diversified into different series and offers global asset allocation options as well.

The Tiger ETF series now represents a domestic fund with over 10 trillion won in net assets and a market share of 23 percent.

Mirae Asset Global Investment took over Canadian ETF asset manager Horizons ETFs and Australia’s BetaShares in 2011. The different international units offer different options for investors to freely allocate their assets depending on the prevailing market conditions at the time.

In 2017, Mirae Asset Global Investment launched the world’s first AI technology-based investing process with the Mind ETF.

Last year, one of the rising stars in the U.S. ETF market Global X, which is known to operate around 11 trillion won in ETFs, was taken over by Mirae Asset Global Investment.

Currently, Mirae Asset Global Investment is running over 350 ETFs around the world including Global X, Horizons and Tiger.

According to ETFGI, a global ETF research firm, Mirae Asset Global Investment ranks at No. 18 globally in terms of ETF asset managers’ net assets.

By utilizing diverse global ETF lineups, it is expected to increase the share of ETF managed portfolios and expand further into global financial markets.

By Kim Seung-jun [kim.seungjun@joongang.co.kr]