Mirae Asset Global Investments’ total assets under management (AUM) has exceeded 510 trillion won. This increase is attributed to asset growth across major business sectors including exchange traded funds (ETF), pension, outsourced chief investment officer (OCIO), and real estate.
Mirae Asset Global Investments became the first domestic asset management company to enter overseas markets by establishing a Hong Kong corporation in 2003. Currently, it manages assets across 16 regions including the United States, Canada, India, Japan, and Australia. Assets under management increased from 250 trillion won at the end of 2022 to 305 trillion won at the end of 2023, and 378 trillion won at the end of 2024, growing by over 250 trillion won in approximately 3 years.
The ETF business led this growth trajectory. In the United States, the world’s largest ETF market, Mirae Asset Global Investments’ subsidiary Global X expanded its assets under management centered on thematic and income ETFs. Global X’s management scale, which was 8 trillion won at the time of acquisition in 2018, has now grown to approximately 80 trillion won. In the European market, Global X EU has recorded an average annual growth rate of 182% over the past 5 years.
Mirae Asset Global Investments has been listing China, gold, and domestic investment ETFs through global asset allocation strategies. Referencing Global X Australia’s launch of the world’s first physical gold ETF in 2003, the company introduced the TIGER KRX Physical Gold ETF to the domestic market with a total expense ratio of 0.15% per annum. This product recorded 537.8 billion won in cumulative net purchases by individuals last year, ranking first in individual net purchases among newly listed ETFs.
Assets are also growing in the pension sector. Mirae Asset Global Investments recently launched M-ROBO, a robo-advisor service exclusively for retirement pensions. Since introducing Korea’s first Target Date Fund (TDF), the company has maintained top rankings in pension fund establishment amounts, TDF market share, and default option-exclusive fund establishment amounts. M-ROBO is structured to propose individual pension portfolios based on artificial intelligence (AI).
In the OCIO sector, the company has been participating as a weekly management company for the National Pension Investment Pool since 2021. Along with expanding public institution deposits, it has broadened its investment target assets to include global investment, overseas real estate, and infrastructure, and since last year has incorporated assets related to international financial institutions. In August this year, it launched the National Pension Investment Pool’s first venture investment product.
In the real estate sector, the company has built an investment track record since establishing Korea’s first real estate fund in 2004. In April last year, it additionally established a Korea Post headquarters domestic real estate core strategy blind fund.
Mirae Asset Global Investments plans to expand AI-based product development in the future. The policy is to strengthen related capabilities by utilizing US AI corporation ‘Wealthspot’ and Australian robo-advisor management company ‘Stockspot’.
A Mirae Asset Global Investments official said, “Based on Mirae Asset’s solid global network operating worldwide, we have the capability to conduct global asset allocation and utilize various investment instruments,” adding, “We will continue to introduce competitive products that can bring innovation to the market and strive to contribute to investors’ peaceful retirement.”