Mirae Asset Global Investments announced on the 21st that the assets under management of its Australian exchange-traded fund (ETF) management subsidiary, Global X Australia, have surpassed 10 billion Australian dollars (approximately 9 trillion won). This ranks fifth among local ETF management companies in Australia.
Previously, Mirae Asset Global Investments acquired its predecessor, ETF Securities, in June 2022 and rebranded it as Global X Australia. It currently manages a total of 43 ETFs.
Over the past three years, the assets under management of Global X Australia have grown more than twofold. During the same period, the overall ETF market in Australia grew at an average annual cumulative rate of approximately 18.6%, while Global X Australia recorded a growth rate of 22.3%.
Recently, with assets under management exceeding approximately 9 trillion won, it has positioned itself as the fifth largest management company in Australia after Vanguard, Betashares, iShares, and VanEck.
Global X Australia is gaining attention as a leader in commodity ETFs. As market volatility has increased, there has been a surge in demand for safe-haven assets like gold, and Global X Australia offers a diverse lineup of gold investment ETFs.
In the future, Global X Australia plans to target the Australian pension market in collaboration with Australia's StockSpot, a robo-advisor specialized management company.
Kim Young-hwan, head of innovation and global management at Mirae Asset Global Investments, noted, "Through product lineup expansion, rebranding, and leadership restructuring, we have achieved balanced growth in both quantitative and qualitative aspects, and we expect Australia to greatly contribute to the expansion of Mirae Asset's global ETF business as one of our key business regions."