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Mirae aims for rapid growth in Australia on buying ETF Securities

Financial Times LogoFinancial Times5d ago

Mirae aims for rapid growth in Australia on buying ETF Securities

Quick Summary

The acquisition of ETF Securities lifts Mirae’s total ETF assets to more than $85bn, ranking it as the 14th largest provider globally, just behind JPMorgan and UBS, according to ETFGI, a data consultancy.

In Brazil, Global X offers 19 ETFs, cross-listed on São Paulo’s B3 exchange, and it recently debuted the first fixed income ETF listed in Colombia.

Luis Berruga, the chief executive of Global X, said that ETF Securities’ senior leadership team would remain in place and that no job losses were planned following the deal.


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Article Details

Author / Journalist: Chris Flood

Category: MarketsFinanceInvesting

Topics: Europe 2018 Exchange Securities Assets Berruga Mirae Financial Etfs Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 04:00:16

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 646 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 7199

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

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Website Security: Secure (HTTPS)

Publisher ID: #3

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