Mirae Asset Global Investments said Thursday that its global ETF business has reached 389 trillion won in assets, ranking it No. 11 worldwide and No. 2 in Asia behind Nomura. The firm said it offers 775 ETFs across Korea, the U.S., Canada, Australia, India and Japan. It also said it is now looking to artificial intelligence to support the next stage of ETF growth.
A digital billboard for Global X US, Mirae Asset Global Investments' U.S.-based exchange-traded fund arm, is seen in New York. Courtesy of Mirae Asset Global Investments
Mirae Asset Global Investments has grown its global exchange-traded fund (ETF) business to 389 trillion won ($282 billion) in assets, making it the world’s 11th-largest ETF manager, the company said Thursday.
As of Aug. 17, the asset manager offered 775 ETFs with combined net assets of 389 trillion won across Korea, the U.S., Canada, Australia, India and Japan, ranking 11th globally and second in Asia behind Nomura, according to research firm ETF Global Insight.
Its ETF assets have grown at an average annual rate of 37.4 percent over the past decade, well above the 21.7 percent growth recorded by the global ETF industry over the same period.
