Mirae Asset Global Investments announced on Sept. 29 that its total assets under managements (AUM) exceeded 450 trillion won.
The first Korean asset management company to enter the international market by establishing a Hong Kong subsidiary in 2003, the firm currently manages 456 trillion won across 16 regions, including the US, Canada, India, Japan, and Australia.
Its AUM is projected to grow by 200 trillion won in just three years, from 250 trillion won at the end of 2022 to 305 trillion won in 2023 and 378 trillion won in 2024.
Approximately 45% of Mirae Asset Global Investments’ total AUM is managed overseas.
This is a result of the company’s steady innovation and much recognition, which it has received from global investors through its continued launch of killer products.
Mirae Asset Global ETF assets under management total 250 trillion won, recording an average annual growth rate of 36.8% over the past 10 years.
This rate significantly eclipses the average annual growth rate of 19.5% for global ETF managers over the same period.
In Korea, Tiger ETF has established itself as the most popular brand among individual investors, offering a variety of premium ETFs.
Overseas, Global X is rapidly growing in the US, Canada, Europe, Hong Kong, Japan, and Australia, leveraging its enhanced local expertise and continuous innovation.
Mirae Asset Global Investments’ role as a long-term investment partner is also strengthening.
As the first company in Korea to launch a target-date fund (TDF), Mirae Asset Global Investments is leading the pension market, ranking first in terms of pension fund sizes, market shares, and default option-only fund sizes.
This year, the company ushered in the era of Pension 2.0 by launching “M-Robo,” a robo-advisor service focusing on retirement pensions, the first among Korean comprehensive asset management companies.
Since 2021, as the lead manager of pension fund investment pools, Mirae Asset Global Investments has realized innovations such as expanding public institution deposits, diversifying investment assets and launching alternative investment products.
Notably, the company has been recognized for pursuing both stability and profitability by expanding its investment portfolio to include global investments, overseas real estate, infrastructure, and international financial institution assets.
Ceremony Celebrating Milestone of 1,000 Trillion Won in AUM
“Mirae Asset Group will grow into a company that leads the digital financial era worldwide,” said Park Hyeon-joo, chairman and global officer (GSO) of Mirae Asset Group in a ceremony held in honor of surpassing 1,000 trillion won in AUM.
The even took place at Four Seasons Hotel in Jongno-gu, Seoul on Oct. 1.
“Team efforts made by all our global executives and employees have made Mirae Asset what it is today,” Park explained. “Compared to 900 trillion won at the end of last year, we are currently recording a 20% growth rate.”
“A company’s past growth does not guarantee a bright future for the company,” Park emphasized. “Now is the time to once again embrace digital technology-powered financial innovation.”
“Mirae Asset is thoroughly preparing for a business that combines traditional and digital assets in the global market,” Park continued.
“At the current growth rate, we expect Mirae Asset’s AUM to hit 7,000 trillion won in 10 years.”
Park stated his intention not to be complacent about these achievements. He added that he will continue focusing on customer-centric business.
“Our goal at Mirae Asset is very simple: client first and foremost. All of our executives and employees will do their utmost to increase our clients’ assets,” he said.
As of the end of September, Mirae Asset Group’s total AUM reached 1,055 trillion won.
This feat was achieved 28 years after its founding in July 1997 with capital of 10 billion won.
Notably, after amounting to 906.6 trillion won under management at the end of last year, the financial group has enjoyed steep growth, surpassing 100 trillion won in just eight months.
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