[SPONSORED REPORTS] Mirae Asset finds international success with ETFs

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[SPONSORED REPORTS] Mirae Asset finds international success with ETFs

Mirae Asset’s Shanghai branch. [MIRAE ASSET]

Mirae Asset’s Shanghai branch. [MIRAE ASSET]

Mirae Asset’s Exchange Traded Fund(ETF) businesses are thriving even beyond the Korean border.

With 378 ETFs available in nine countries and territories including Korea, the United States, Canada, Australia, and Hong Kong, Mirae Asset’s current operating assets are over 50 trillion won ($43.2 billion).

The company’s total assets have grown by over 10 times since it first started expanding internationally, and its number of ETFs have quadrupled.

According to a report from ETF research company Etfgi, as of late July, Mirae Asset ranked at No. 16 among asset management firms worldwide in terms of total net worth. Including the increase in early 2020, Mirae Asset would rank at No. 10. In fact, Mirae Asset’s net worth is greater than the entire Korean ETF market.

Mirae Asset’s EFT investment history began with its Tiger ETF series that went public back in 2006. As of the end of July of 2020, that series’ net value was over 11 trillion won. Tiger ETF offers 124 ETFs and 31 overseas investment models, making it the most diverse ETF series in Korea.

In 2011, Mirae Asset acquired Canadian ETF management firm Horizons Australian ETF firm BetaShares.

Horizons, with 92 ETFs listed on the Toronto Stock Exchange, is known for its artificial intelligence ETF, MIND ETF, and has 11 trillion won in total assets.

BetaShares is one of the four major Australian ETF management firms, and according to a report last July, it is operating 68 ETFs and expanding its businesses on currency exchanges as well.

In 2018, Mirae Asset also acquired Global X, a growing ETF management company in the U.S. ETF market, which takes up more than 70 percent of the entire worldwide ETF market. Under its slogan “beyond ordinary ETFs,” Global X specializes in thematic ETFs such as social infrastructure, and technology, and more.

In line with technology-related ETFs, Global X’s BOTZ ETF, focused on robotics and artificial intelligence, is seeing results above 20 percent earning rates annually since it went public in September 2016.

Global X listed its “CLOU ETF,” the cloud computing technology-focused ETF comprised of 36 items, on the Nasdaq on April 16. As of Sept. 22, it became the most invested overseas stock by Koreans in terms of net buying total.

Global X’s expansion was not limited to America. In Japan, in cooperation with Daiwa Securities Group, Global X listed two dividend stocks on the Tokyo Stock Exchange. In Hong Kong, Global X’s various ETFs, from biotech to consumer brands, are proving successful on the market as well.

As of Sept. 23, “Global X China Biotech ETF” and “Global X China Cloud Computing ETF” saw 90.59 percent and 97.08 percent earning rates respectively following their initial release in July last year.

Following that success, Global X recently went public with a semi-conductor and robot and AI ETFs in Hong Kong, aiming to continue its winning streak.

By Ahn Tae-lahm ahn.taelahm@joongang.co.kr

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