Mirae Asset Global Investments’ Tiger ETF is being advertised on Nasdaq Tower in Times Square, New York. Korea Times file
Mirae Asset Global Investments said Monday that it has surpassed 500 trillion ($338 billion) in total assets under management (AUM), a feat underpinned by competitiveness through outstanding investment strategies and continued innovation.
The investment arm under Mirae Asset Financial Group manages 504 trillion won across 16 regions, including Korea, the United States, Vietnam, Brazil, the United Kingdom, India and Japan as of November.
This is a steady growth since its Hong Kong subsidiary was established in 2003, when it became the first Korean asset manager to expand overseas.
The November figure is nearly double from 250 trillion won at the end of 2022. The figure climbed to 305 trillion won at the end of 2023 and further to 378 trillion won at the end of 2024.
The figure surpassed 400 trillion won in May, and has rapidly increased by another 100 trillion won in just six months.
The firm’s overseas subsidiaries accounted for about 43 percent of its total net income for the first three quarters of this year.
This was based on a strategy of prioritizing global expansion despite challenging market conditions, rather than focusing solely on the domestic market.
The growth drive has led to the firm’s strong competitiveness in the global exchange-traded fund (ETF) market.
Mirae Asset’s global ETF AUM is now approaching 300 trillion won, ranking 12th among global ETF providers.
Its flagship TIGER ETF has become the most preferred brand among Korean retail investors.
Similarly, its Global X product has emerged as a leading platform with a range of compelling “killer products,” establishing itself as a global top-tier ETF provider.
The firm is also advancing financial innovation in new markets such as digital assets and virtual assets to further strengthen its capabilities as a global asset manager.
The firm currently manages a wide range of crypto-related products worldwide, including spot and futures crypto ETFs and strategy-based ETFs.
It also plans to actively identify new investment opportunities in the domestic market, leveraging its expertise in next-generation financial infrastructure, including smart contracts and on-chain funds.
