This photo shows Global X, a U.S. ETF operator, listing of its ETF destined for investments in the firms related to the cloud computing.

Mirae Asset Management manages Global X.(Photo: Mirae Asset)

Mirae Asset Daewoo will recommend the Global X Portfolio Consultation App, which is being advised by Global X, whose operational capacity has been proven.

Global X, based in New York, has been proven to be strong in ETF management, including the theme-type ETF, but also income-type ETFs.

Global X CIO John Mayor will directly take charge of the consultation.

He has been known to have had a huge part in the growth of the assets at both UBS and Merrill-Lynch by $40 billion during the eight years he put in at those companies.

He will provide the right ETF portfolio solutions to domestic investors in cooperation with Mirae Asset Daewoo.

Mirae Asset Global Investments (Mirae Asset), one of Asia's leading independent financial companies based in Seoul, Korea, announced that

it has completed the previously announced acquisition of Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs) with $10.1 billion in assets under management.

In partnering with Mirae Asset, Global X gains access to the resources and reach of a large, global financial institution, which will allow for Global X to continue to develop its thematic, income, and international ETF solutions, while expanding distribution capabilities.

The day-to-day operations of the Global X business will not change, and the organization will maintain the Global X brand.

“The closing of this deal marks the beginning of the next chapter in Global X's story.” said Luis Berruga, CEO of Global X.

 “The core of our firm has always been focused on designing and offering investment solutions that match the needs of our clients.

Mirae Asset is the ideal partner for Global X, as we share that entrepreneurial spirit and client-centric focus. We are excited to combine our capabilities to bring our investor-driven solutions to a global stage.”

The addition of Global X provides an anchor presence in the United States for Mirae Asset's global ETF business, which also includes businesses in Canada, Latin America, Hong Kong (Horizons ETFs), Australia (BetaShares) and South Korea (Tiger ETFs).

With $126.3 billion in assets under management and $21.3 billion in global ETFs, Mirae Asset is a globally recognized leader in the ETF industry.

“With the acquisition of Global X, our ETF business will become a truly global ETF platform that offers some of the most unique and innovative ETF products and investment solutions.

Combining the expertise of our teams across the world, we will continue to build a differentiated ETF business in both the local and global marketplaces.” said Taeyong Lee, Mirae Asset’s Global Head of ETFs.

Earlier, Mirae Asset Global Investments acquired Horizon, a Canadian ETF management company in 2011, and Beta Shares in Australia. C

urrently, the company ranks 21st in the world while managing $20 billion in net assets such as eight trillion won in TIGER ETF, 7.8 trillion won in Horizon ETF in Canada, 4.3 trillion won ($3.8 billion) in Beta Share ETF in Australia and ETFs in Hong Kong, Colombia and the U.S.

If the acquisition of Global X is completed, Mirae Asset Global Investments’ ETF net assets will surpass $30 billion, securing the world's 18th highest competitiveness.

In particular, the company is expected to accelerate the expansion of emerging markets program funds, which utilize close to 300 global ETFs.

Global X is a specialized ETF management company established in 2008 and has a total of 52 product line-ups. As of the end of last month, Global X's assets under management amounted to US$10.2 billion.

Its net assets increased over 4 trillion won over the past year including the influx of 2.5 trillion won ($2.2 billion) in technology-themed ETFs.

Global X is building product lineups by dividing them into theme-type, income-type, nation-by-nation, and smart beta ETFs.

The most noteworthy product is BOTZ ETF, which follows an index consisting of beneficiaries based on the use of robotics and artificial intelligence. BOTZ ETF's return exceeded 58 percent last year.

Mirae Asset Global Investments established an overseas fund management corporation in Hong Kong for the first time in 2003 and is providing investment solutions

that can contribute to customers' nice and stable retirement lives through its global network spanning 12 countries including India, the U.K., the U.S. and Brazil.