Latest news with #KimYoung-hwan
Korea Herald
21-05-2025
- Business
- Korea Herald
Mirae Asset Global tops W400tr in AUM, with 45% overseas
Mirae Asset Global Investments, the asset management arm of Korea's Mirae Asset Financial Group, has surpassed 400 trillion won ($288 billion) in assets under management, with 45 percent of its portfolio operated overseas. The company announced Wednesday that its total AUM had reached 403 trillion won, continuing a steady upward trend from 305 trillion won at the end of 2023 and 378 trillion won at the end of 2024. Of the total, 181 trillion won — approximately 45 percent — is managed in overseas markets across 16 regions, including the United States, Vietnam, Brazil, the UK, India and Japan. This marks a significant increase from 147 trillion won in overseas assets as of May 2024. The asset manager attributed its rapid growth largely to its exchange-traded fund portfolio. Mirae Asset currently oversees approximately 212 trillion won in ETFs globally, surpassing the entire domestic ETF market, which stands at around 200 trillion won. Over the past decade, while global ETF managers saw an average annual growth rate of 17.8 percent, Mirae Asset's ETF business grew at a rate of 34.4 percent — nearly double the industry average. Its US-based ETF affiliate, Global X, has grown from managing 8 trillion won in 2018 — when it was acquired by Mirae Asset — to now managing 80 trillion won. Global X EU, its European arm, has recorded an average annual growth rate of 182 percent over the past five years. In April, the firm announced that its Australian unit, Global X Australia, manages assets worth 10 billion Australian dollars ($6.4 billion), more than double the A$4.64 billion in assets it managed when acquired in 2022. 'Mirae Asset Global Investments leverages its robust global network to conduct diversified asset allocation across international markets and utilize a wide range of investment vehicles,' said Kim Young-hwan, head of innovation and global business at Mirae Asset Global Investments, via a press release. 'We will continue to introduce competitive products that drive market innovation and support investors' financial well-being in retirement.'
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.
