Mirae Asset Global Investments said on Mar. 22 that its global ETF (Exchange Traded Funds) net assets had exceeded $ 10 billion at the end of February. The Korean asset management company has been operating ETFs in six countries – S. Korea, Canada, Australia, Hong Kong, the US and Colombia.
The amount of the Mirae Asset Tiger ETFs in S. Korea reached 5.4 trillion won; the amount of other ETFs (including the Horizons ETFs in Canada and the BetaShares family of ETFs in Australia) topped 7 trillion won.
Mirae Asset ETFs grew 765.7 billion won this year after gaining 2.1 trillion won last year. In particular, the Mirae Asset Tiger ETFs in S. Korea swelled over 1.5 trillion won last year, responsible for approximately 80 percent of the growth in the Korean ETF market.
In 2011, Mirae Asset Global Investments became the first Korean asset management firm to have its ETF, i.e. TIGER KOSPI200 ETF, directly listed on the Stock Exchange of Hong Kong (SEHK). In the same year, Mirae Asset broke into the North American market by taking over Horizons ETFs Management, the No.1 ETF operator in Canada.
In 2014, Mirae Asset’s “Horizons Korea KOSPI 200 ETF,” which uses the KOSPI 200 as a benchmark index, began trading on the New York Stock Exchange (NYSE). In May of the same year, Mirae Asset had the Horizons Colombia Select ETF listed on the Bolsa de Valores de Colombia.
Mirae Asset ETFs have proven to be innovative. In 2015, Horizons ETFs Management announced that four of its ETFs won "best" in their respective categories at the 2015 Lipper Fund Awards ("Lipper Awards").
