Mirae to acquire Canadian ETF company

Home > Business > Finance

print dictionary print

Mirae to acquire Canadian ETF company

Mirae Asset Financial Group said yesterday it has wrapped up its acquisition of a leading Canadian exchange-traded fund (ETF) company in a move to strengthen its global network.

Under the 143 billion won ($127 million) deal, Mirae holds a controlling 85 percent stake in Horizon Exchange Traded Funds, the financial group said in a statement. Horizon ETFs, which owns subsidiaries in Australia and Canada, manages 77 ETFs and holds assets worth around 3.62 trillion won.

With the acquisition, Mirae is set to manage nearly 5 trillion won worth of global ETFs and operate eight overseas subsidiaries, according to the company.


Yonhap

More in Finance

Kospi breaks another record as buying spree continues

Samsung Life warned by the FSS about claim denials

Dollar's weakness pushes won to 30-month high

Kospi hits another high on chipmaker optimism

Eight companies agree to share credit card data

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now