Latest news with #GlobalXPhysicalGold
Korea Herald
21-04-2025
- Business
- Korea Herald
Mirae Asset's Aussie unit surpasses A$10b under management
Global X Australia, an exchange-traded fund manager under Mirae Asset Global Investments, has garnered over 10 billion Australian dollars ($6.4 billion) in assets under management, showing sharp growth, according to the firm's announcement on Monday. The Aussie ETF provider's assets under management more than doubled from the A$4.64 billion in 2022 when Mirae Asset acquired the firm, to hitting the A$10 billion milestone in just three years. With the assets under management, it is the fifth-largest equity-traded fund manager on the Australian market, following Vanguard, Betashares, iShares and VanEck. One of the major drivers behind the sharp growth of Global X Australia was the company's diverse ETF lineup linked to raw materials. The ETF provider offers diverse investment products tied to gold, able to respond to the strong demand for gold, a safe-haven asset. The firm offers Global X Physical Gold, a spot gold ETF launched in 2003, which was the first ETF tied to the gold spot price, along with Global X Gold Bullion and Global X Gold Bullion Currency Hedged. Mirae Asset plans to continue to showcase its core products in the Australian market to bring up the market share, targeting the pension market with its roboadviser Stockspot. As of end-2024, the Australian pension market is the fifth largest in the world and is expected to become the No. 2 by 2030, outrunning Canada and the UK, the company explained. "We will try to strengthen the ETF business by introducing products that are attractive for Australian investors, especially targeting pensioners as their long-term investment partner," Global X Australia CEO Alex Zaika said. "Global X Australia has led balanced growth in terms of quantity and quality, through an expansion of product lineup, rebranding and leadership shuffle since 2022," Kim Young-hwan, who leads innovation and global business at Mirae Asset Global Investments, said
Korea Herald
21-04-2025
- Business
- Korea Herald
Mirae Asset's Aussie unit surpasses $10b in AUM
Global X Australia, an exchange-traded fund manager under Mirae Asset Global Investments, has garnered over 10 billion Australian dollars (9 trillion won) in assets under management, showing sharp growth, according to the firm's announcement on Monday. The Aussie ETF provider's AUM recorded a double-fold increase from the $4.64 billion in 2022 when Mirae Asset acquired the firm, to hitting the $10 billion milestone in just three years. With the AUM, it is the fifth largest ETF manager on the Australian market, following Vanguard, Betashares, iShares and VanEck. One of the major drivers behind the sharp growth of Global X Australia was the company's diverse ETF lineup linked to raw materials. The ETF provider offers diverse investment products tied to gold, able to respond to the strong demand for gold, a safe-haven asset. The firm offers Global X Physical Gold, a spot gold ETF launched in 2003, which was the first ETF tied to the gold spot price, along with Global X Gold Bullion and Global X Gold Bullion Currency Hedged. Mirae Asset plans to continue to showcase its core products in the Australian market to bring up the market share, targeting the pension market with its robo-advisor Stockspot. As of end-2024, the Australian pension market is the fifth largest in the world and is expected to become the No. 2 by 2030, outrunning Canada and the UK, the company explained. "We will try to strengthen the ETF business by introducing products that are attractive for Australian investors, especially targeting pensioners as their long-term investment partner," Global X Australia CEO Alex Zaika said. "Global X Australia has led balanced growth in terms of quantity and quality, through an expansion of product lineup, rebranding,and leadership shuffle since 2022," Kim Young-hwan, who leads innovation and global business at Mirae Asset Global Investments, said
Korea Herald
13-02-2025
- Business
- Korea Herald
Mirae Asset's spot gold ETF tops $2.5b in net assets
The spot gold exchange-traded fund operated by Global X Australia has garnered over $2.5 billion (3.6 trillion won) in net assets, backed by rising demand for the safe-haven precious metal, Mirae Asset Global Investments announced Wednesday. Global X Physical Gold is a spot gold ETF operated by Global X Australia under South Korea's leading asset manager, Mirae Asset Global Investments. Launched in 2003 by then-ETF Securities, the fund was the first ETF tied to the gold spot price. Global X Physical Gold has broadened access to gold investing in the global ETF market, Mirae Asset Global Investments said in a press release. Though the yellow metal, when held as a physical asset, is considered to have limited liquidity due to the costs of transportation and custody, the ETF has enabled convenient and low-cost gold investing. With US President Donald Trump's tariff policies kicking in, the price of gold has soared in recent months to a record high, appreciating as a safe-haven asset that can hedge against uncertainties. Betting on the steady growth of the asset, Mirae Asset Global Investments offers a wide lineup of gold-linked ETFs across the US, Canada and India. Global X Gold Yield is a covered-call ETF and Global X Gold Producers offers exposure to companies involved in the gold mining industry. "With the ongoing geopolitical tension sparked by the US-China tariff war, gold has been maintaining its presence as a strategic asset along with the US dollar, which is a key currency," said Kim Young-hwan, head of the innovation and global management division at Mirae Asset Global Investments. "Based on know-how in operating diverse gold-linked ETFs around the world, Mirae Asset will continue to offer new investment opportunities to global investors." Meanwhile, the asset manager highlighted Global X Australia is a big name in the country's spot commody ETF market. Apart from Global X Physical Gold, the asset manager also operates Global X Physical Silver and Global X Precious Metals Basket, tied to gold, silver, palladium and platinum.
