Latest news with #MiraeAsset
Korea Herald
9 hours ago
- Business
- Korea Herald
Korea's ETF market tops 1,000 listings, hits record W222tr in assets
Samsung, Mirae Asset cement dominance amid market surge The number of exchange-traded funds listed on South Korea's capital market has surpassed 1,000, marking a key milestone in the sector's 23-year history. According to Korea Exchange data released Wednesday, the number of listed ETFs reached 1,002 as of Tuesday, up 15 percent from around 870 a year earlier. Over the same period, the market's total net asset value surged 40 percent to 222 trillion won ($161 billion), crossing the 220 trillion won mark for the first time earlier this month. When ETFs first launched in Korea in 2002, the market was slow to gain traction. A 2009 amendment to the Capital Markets Act allowed ETFs to expand beyond equities, paving the way for a broader range of products. ETFs have made it easier for retail investors to access a wide range of asset classes — such as bonds, gold and crude oil — through real-time trading similar to stocks. They also offer exposure to diverse strategies, including leveraged ETFs that seek to deliver twice the daily return of an index, and inverse ETFs, which are designed to profit from market downturns. Low fees and high transparency — since all holdings are publicly disclosed — have further fueled investor interest. Growth has accelerated sharply in recent years. The number of listed ETFs has doubled since August 2021, when there were 500 products with 60 trillion won in assets. Assets under management have more than tripled, with volume doubling in just the past two years since surpassing 100 trillion won in June 2023. Last month, average daily ETF trading volume rose to 5.25 trillion won, up nearly 60 percent from May's 3.33 trillion won and surpassing the 5 trillion won mark for the first time since January 2020. The recent boom has been driven largely by retail investors seeking stable, low-cost investment options. Passive ETFs that track benchmark indexes account for more than 70 percent of all listed products, more than twice the number of active ETFs, which aim to outperform those benchmarks. Growing interest in overseas markets — particularly the US — has also contributed to the surge. Nearly half of listed ETFs now track foreign equities, compared with just 30 percent in 2021. By underlying asset, domestic equity ETFs make up the largest share at 38 percent, followed by overseas equity ETFs at 31 percent. Domestic bond ETFs account for 12 percent, while overseas bond ETFs represent 4 percent. A recent wave of thematic ETFs has further broadened the market's appeal, with products targeting popular sectors such as defense, shipbuilding and nuclear energy, as well as ETFs structured around specific industry value chains. Of the roughly 90 ETFs launched this year, about 40 percent were such thematic products. Samsung Asset Management, which pioneered ETF trading in Korea in 2002, remains the market leader with 85.5 trillion won in assets under management. While more than 20 firms offer ETFs, Samsung and runner-up Mirae Asset Management — at 75 trillion won in AUM — together dominate the market, commanding over 70 percent of the total share.
UPI
5 days ago
- Business
- UPI
Korea's Mirae Asset tops $300 billion in assets under management
The assets managed by Mirae Asset Global Investments surpassed $300 billion as of the end of last month. Photo courtesy of Mirae Asset Global Investments 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.
Mint
5 days ago
- Business
- Mint
Mirae Asset ELSS Tax Saver Fund: Strong 5-year CAGR of 18.70% — Should you bet on it?
The Mirae Asset ELSS Tax Saver Fund is a popular investment option among investors aspiring to save tax and create wealth on a long term basis. This Equity Linked Savings Scheme (ELSS) comes with a three-year lock-in period and Section 80C benefits of up to ₹ 1.5 lakh annually. Vaibhav Shah, Head – Products, Business Strategy & International Business, Mirae Asset Investment Managers (India), says, "For individuals filing taxes under the old regime, investing in ELSS (Equity Linked Savings Scheme) funds can offer tax savings of up to ₹ 46,800 per year on investments up to ₹ 1.5 lakh, depending on their tax slab.' He further added, 'Beyond tax benefits, ELSS funds also encourage disciplined investing due to their mandatory 3-year lock-in period, which helps investors avoid impulsive decisions during market fluctuations. Thus, for long-term investments, ELSS makes much more sense." As of July 2025, the Mirae Asset ELSS Tax Saver Fund (Direct-Growth) has delivered strong and consistent returns timeframes, making it a reliable performer in the ELSS category. It has showcased good performance over the years and looks primed to continue on the same trajectory. Period Return (% CAGR) 1 year 21.06% 3 years 17.48% 5 years 18.72% Since inception 17.83% Note: The returns discussed above are illustrative in nature. For complete details of the fund and its performance refer to the website of Mirae Asset. It is important to note that the 5-year CAGR of 18.72% stands out, outperforming many peer ELSS fund schemes. Furthermore, despite market fluctuations due to the ongoing geo-political issues due to the tariffs and wars i.e., Russia-Ukraine war and other disputes the fund has continued to deliver resilient growth potential. Investments done in this fund qualify for tax deductions under Section 80C of the Income Tax Act. This deduction is permitted up to ₹ 1.5 lakh annually. It also has the shortest lock in period among tax saving instruments, just 3 years. Further, this lock-in is implemented on such funds to allow them to compound wealth, as it is common knowledge that wealth in equity markets is only made on compounding. This makes this ELSS scheme tax efficient along with being relatively liquid in comparison with other tax saving schemes such as NSC and PPF. The fund focuses on maintaining a well balanced portfolio spread across large-cap, mid-cap and small-cap stocks. The top sectoral allocations include financials, consumer goods, technology and chemicals. This diversification permits in reducing risk while capturing opportunities across different market capitalisations and sectors. This is another extremely crucial metric associated with this fund, it is the expense ratio. For direct plans, the expense ratio is just 0.56%, one of the lowest in the entire ELSS category. This simply means more of your invested money works towards creation of wealth and generating returns instead of being eroded by fund management fees and charges. Hence, as a general rule you should invest in only those funds that have low expense ratios. Given the lock-in period and equity exposure, this fund is appropriate for investors who have a long term vision. The holding period preferably should be 5 years or more. If you stay invested beyond the 3-year lock-in period then the compounding benefits can significantly boost your overall corpus. Hence, the Mirae Asset ELSS Tax Saver Fund provides a mix of tax saving, disciplined investing, and strong long term returns. Still, as it is an equity oriented investment product, investors should be completely aware of and prepared for short term volatility. That is why you should always align such investments with your financial goals, long term targets and risk taking appetite. Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing.
Korea Herald
11-07-2025
- Business
- Korea Herald
Mirae Asset's Tiger S&P 500 ETF becomes Korea's largest by net assets
Mirae Asset Global Investments said Friday that its flagship Tiger US S&P 500 exchange-traded fund has become the largest ETF by net assets listed in South Korea — the first time in the country's 23-year ETF history that a fund centered on overseas equities has claimed the top spot. According to data from the Korea Exchange, the S&P 500 ETF's net assets stood at 8.54 trillion won ($6.21 billion) as of Thursday. Buoyed by strong interest from retail investors, the fund has ranked first in net purchases by individuals in both 2024 and the first half of 2025, earning it the nickname 'Korea's national ETF.' Since the launch of Korea's ETF market in 2002, domestic equity and bond ETFs have dominated the rankings. The rise of the Tiger S&P 500 ETF signals a shift from this, showing growing demand for US stock exposure, as ETFs are considered an easier alternative to direct stock purchases. Mirae Asset plans to continue enhancing the fund's competitiveness as a core vehicle for long-term US equity investment. The fund's total expense ratio stands at just 0.0768 percent, with an all-in cost of 0.1182 percent, which is the lowest among S&P 500 ETFs listed in Korea. To mark the milestone, Mirae Asset is holding a promotional 'Tiger US S&P 500 ETF Net Asset No.1 Celebration Event' from July 11 to August 8, offering prizes to selected participants. Additionally, as of end-June, individual investors held 27.1 trillion won ($19.7 billion) in Tiger ETFs, accounting for 43 percent of all personal ETF holdings in Korea. 'This milestone reflects our long-standing efforts to build a US index investment culture, starting with Korea's first Nasdaq ETF in 2010 and its first S&P 500 ETF in 2020,' said Kim Nam-ki, head of the ETF division at Mirae Asset. 'Despite global market uncertainties, we encourage investors to stay focused on the long-term growth potential of capital markets.'
Independent Singapore
09-07-2025
- Business
- Independent Singapore
GIC Roundup: Korean warehouse sold and minority stake in Klick acquired
SINGAPORE: Singapore's sovereign fund GIC has been active, selling a warehouse in South Korea and acquiring a minority stake in healthcare marketing agency Klick in Canada. In South Korea, GIC, in collaboration with South Korea's Mirae Asset, sold a warehouse complex in Greater Seoul to DWS Asset Management. Market sources confirmed that the German investor purchased the Gonjiam Logistics Centre for KRW 1.4 billion (US$87 million). It consists of two fully leased dry warehouses in Gwangju, a city in Gyeonggi province, just southeast of Seoul. The total gross floor area is 63,661 square meters (685,241 square feet). Factors that contributed to the sale include the property's age, suboptimal access to expressways, and rumours that South Korean e-commerce firm Coupang, its main tenant, planned to leave at the end of 2027. Among developed economies, South Korea is the most sought-after market for warehouse tenants looking to expand, according to a CBRE report from June 2025. CBRE anticipates that leasing activity in this market will increase from the second half of 2025 as domestic political uncertainty and trade tensions ease, the consultancy stated. See also GIC appoints DPM Lawrence Wong as Deputy Chairman In the healthcare sector, GIC has partnered with US private equity firm Linden Capital Partners to acquire a minority stake in Canada's Klick Group, one of the largest healthcare marketing agencies globally. This will see GIC and Linden purchase a minority stake from private equity firm GTCR. Financial details were not shared. The Financial Times reported that the deal values the Toronto-based company at nearly US$2.5 billion. This investment comes after a series of strategic acquisitions by Klick, including US-based Peregrine Market Access and the Singapore operations of Ward6. These moves aim to strengthen Klick's capabilities in market access, medical communications, and professional marketing. Founded in 1997, Klick operates in New York, Toronto, London, São Paulo, and Singapore. It helps pharmaceutical and biotech companies develop, launch, and grow their brands. Among its services are marketing and advertising, media planning and buying, medical affairs, medical communications, market access, and omnichannel solutions. The deal will see Klick co-founders Leerom Segal and Aaron Goldstein continue to lead the company. In a press release, Segal said, 'We are excited about how this new investment will help accelerate the expansion of the breadth and depth of services Klick offers to support life sciences brands in achieving their full potential'.
