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Mirae
Asset crosses 500 trillion won mark led by global ETF products, overseas
subsidiaries
By KIM
JU-YEON, Korea JoongAng Daily - Mirae Asset Global Investments said on Monday
that its assets under management topped 500 trillion won ($339 billion) in
November, driven by strong inflows into its global exchange-traded funds.
The
firm said it managed 504 trillion won across 16 regions worldwide, including
Korea, as of the end of last month. That was up about 32 percent from 378
trillion won at the end of 2024.
Mirae
Asset said it crossed the 200 trillion won mark in late 2022 and reached 305
trillion won in 2023.
The
company said its overseas subsidiaries generated about 43 percent of its net
profit from January through September, reflecting a business structure that is
increasingly reliant on global operations.
Mirae
Asset attributed much of its growth to attracting more investments for its
global ETF offerings. The company now manages nearly 300 trillion won in global
ETF assets, the company said, having reached the 250 trillion won milestone in
September. This ranks the firm 12th among global ETF providers, according to
the company.
The firm has also expanded into digital and virtual asset products, including cryptocurrency spot and futures ETFs and strategy ETFs in overseas markets. It said it plans to seek related investment opportunities in Korea based on its experience with smart contracts and on-chain funds.
"Managing over 500 trillion won in assets marks a major milestone made possible by Mirae Asset Global Investments’ global competitiveness and culture of innovation,” said Lee Jun-yong, vice chair and CEO of Mirae Asset Global Investments. “We will continue to provide investors with a broader range of high-quality investment opportunities through distinctive strategies and the development of innovative, market-leading products.”
