Mirae Asset rises to 12th-largest ETF manager with $141 billion in assets

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Mirae Asset rises to 12th-largest ETF manager with $141 billion in assets - Korea Economic Daily

Quick Summary:

According to Mirae Asset Securities Co.'s overseas asset management affiliate Mirae Asset Global Investments Co.on Wednesday, the group operates 624 ETFs managing $141 billion across 13 countries as of the end of November.

It has also established Mirae Asset Global Indices, an index provider in India.“Mirae Asset continues to innovate for a competitive edge in the global market,” said Kim Young-hwan, head of Mirae Asset Global Investments’ innovation and global management division.

Mirae Asset also bought Sydney-based ETF Securities, which accounts for 4% of Australia’s ETF market, for 120 billion won ($95.2 million) and later rebranded it as Global X ETFs Australia.