Global expansion and ETF growth drive doubling of assets under management since 2022
Mirae Asset Global Investments announced on the 15th that its total assets under management (AUM) have surpassed 500 trillion Korean won. This marks an increase of 100 trillion Korean won in approximately six months since it reached 400 trillion Korean won in May.
According to Mirae Asset Global Investments, as of the end of November, assets under management across 16 regions worldwide — including South Korea, the United States, Vietnam, Brazil, the United Kingdom, India, and Japan — totaled 504 trillion Korean won. This represents a doubling of AUM from the 250 trillion Korean won level recorded at the end of 2022, achieved in about three years.
The company attributed its growth to aggressive expansion into overseas markets. In 2003, it became the first domestic asset manager to establish a Hong Kong subsidiary, entering the global market. As a result, overseas subsidiaries accounted for approximately 43% of the company’s consolidated net profit for the first three quarters of this year, demonstrating a revenue structure not reliant solely on the domestic market.
Notably, the exchange-traded fund (ETF) sector has shown remarkable growth. Mirae Asset’s global ETF AUM currently stands at around 300 trillion Korean won, ranking it within the top 12 among global ETF managers, according to the company.
Beyond traditional assets, the firm is expanding into the digital asset market. It currently manages virtual asset-related products, including global coin spot and futures, as well as strategic ETFs. The company also stated it has secured next-generation financial infrastructure technologies, such as smart contracts and on-chain funds, to proactively respond to potential regulatory easing in South Korea.
Additionally, Mirae Asset Global Investments strengthened its pension fund competitiveness by launching ‘M-ROBO’, the first robo advisor service dedicated to retirement pensions among domestic comprehensive asset management companies this year.
Vice Chairman Lee Jun-yong of Mirae Asset Global Investments commented, “Breaking the 500 trillion Korean won AUM milestone is a monumental achievement driven by Mirae Asset Global Investments’ global competitiveness and innovative DNA. Based on our robust global network, we are building unparalleled global competitiveness unique to South Korea. Moving forward, we will provide investors with more diverse and superior investment opportunities through differentiated investment strategies and the development of innovative killer products.”
