Mirae Asset Global Investments Co., a leading asset manager in South Korea, held a global meeting in Seoul and Hongcheon in Gangwon Province this week where executives in exchange traded fund (ETF) business shared insights and ideas for future growth.

Mirae Asset Global Investments announced Thursday that it held “ETF Rally 2023” between May 22 and 24 and brought together the entire executives and employees in global ETF operations to share the status of its ETF business and seek ways for development.

Mirae Asset Global Investments manages about 510 ETFs in 11 countries including the U.S., Japan, Canada, Australia, and India as of the end of April. The amount of funds under management reaches 121 trillion won ($91.3 billion).

Park Hyeon-joo, founder and global strategy officer of Mirae Asset Financial Group, has been aggressively pursuing mergers and acquisitions to expand its global ETF business by acquiring Canadian ETF management company Horizons ETFs Management Inc. in 2011, Global X in the U.S. in 2017, and ETF Securities Australia in 2022.

The ETF Rally was attended by 70 participants including chief executive officers (CEOs) and chief information officers (CIOs) of the group’s overseas entities.

They presented on the ETF business of each country and suggested ways to utilize the global network to strengthen the brand of Mirae Asset Global Investments’ global ETFs.

Luis Berruga, CEO of Global X, shed light on the track record of Mirae Asset Global Investments’ global ETFs.



Global X has grown into a leader in themed ETFs in the U.S., which accounts for 70 percent of the global ETF market. Assets under management at Global X increased to 51 trillion won at the end of April from 8 trillion at the time of acquisition.

There was also a presentation on the fast-growing Indian ETF market.

Mirae Asset Investment Managers (India) Pvt. CEO Swarup Mohanty shared his analysis of the present and future of ETFs in India, which has rapidly emerged as the world‘s largest consumer market and global supply chain.

He also shared the operational know-how of the India entity, which stands as the only independent foreign capital manager in the country.

Mirae Asset Global Investments entered the Indian market more than 10 years ago and endured the financial crisis when all foreign asset managers left the country. It has grown to become the ninth largest asset manager in India.

Each local entity in Europe, Australia, Canada, and China also delivered an analysis and panel debates took place on the ways to create global business synergies.

In-depth discussions were held to enhance the brand value of global ETFs managed by Mirae Asset Global Investments and enhance the company’s unique competitiveness.

“ETF experts from 11 countries shared their expertise and ideas to create synergies at the event,” said Kim Young-hwan, head of global management at Mirae Asset Global Investments.

“As the global leader in ETF management, we will continue to work hard to grow talent and share vision to boost our ETF business,” Kim said.

By Pulse

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