Korea's Mirae Asset tops $300 billion in assets under management
SEOUL, July 18 (UPI) -- South Korea's Mirae Asset Global Investments said Friday that the company currently manages more than $300 billion in assets, with nearly half of its portfolio managed internationally.
The Seoul-based firm noted that its assets under management amounted to $306.3 billion as of the end of June. This means that the figure jumped by more than $50 billion in the first half of this year, up from $256.1 billion last December.
Of the total, around 45% is managed in global markets, including the United States, the United Kingdom, Japan, India, Vietnam and Brazil.
Mirae Asset said that its exchange-traded fund business supported the solid growth, with the segment's assets under management standing at $150 billion as of June. In particular, the firm relied on inorganic strategies to expand into overseas ETF markets.
Mirae Asset acquired Canada's Horizons ETFs in 2011 and renamed it Global X Canada later. The asset manager also took over Global X of the U.S. in 2018 and Australia's ETF Securities in 2022.
Over the past 10 years, the global ETF operators posted a compound annual growth rate of 17.8% on average, while Mirae Asset recorded 34.4% during the same period, according to the company.
An ETF is a financial instrument designed to track the movements of an index, similar to index funds. It is considered a low-risk investment thanks to its diversified structure, low management fees, and transparent pricing.
London-headquartered research firm ETFGI reported Thursday that assets invested in the ETF industry globally rose by $2.14 trillion in the first half of 2025, reaching a record of $16.99 trillion at the end of June.
The market is expected to approach $30 trillion by 2029.
"Mirae Asset leverages its strong global network, which is active across the world, to carry out global asset allocation and has the capability to utilize a wide range of investment tools," Mirae Asset's Kim Young-hwan said in a statement. He leads the corporation's global business.
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