Key Takeaways
- • Mirae Asset Global Investments reported total assets under management above 510 trillion won, according to the company's announcement.
- • Assets grew from 250 trillion won at end-2022 to 305 trillion won at end-2023 and 378 trillion won at end-2024, an increase of more than 250 trillion won in about three years.
- • Global X, the US-based ETF subsidiary acquired in 2018 when it managed about 8 trillion won, now manages roughly 80 trillion won, centered on thematic and income ETFs.
- • The firm is expanding into pensions with the M-ROBO AI robo-advisor, and as an OCIO manager for the National Pension Investment Pool since 2021.
- • The company plans to deepen AI-based product development through its stakes in or partnerships with Wealthspot and Stockspot.
Summary
Mirae Asset Global Investments said its total assets under management have exceeded 510 trillion won, with growth attributed to expansion across its ETF, pension, outsourced chief investment officer (OCIO) and real estate businesses. The company, which established a Hong Kong corporation in 2003 as the first domestic asset manager to enter overseas markets, currently manages assets across 16 regions including the United States, Canada, India, Japan and Australia. AUM rose from 250 trillion won at the end of 2022 to 305 trillion won at the end of 2023 and 378 trillion won at the end of 2024.
The ETF business has been the primary growth driver. Its US subsidiary Global X has expanded its thematic and income ETF franchise, and its assets have grown from about 8 trillion won at the time of the 2018 acquisition to approximately 80 trillion won. Global X EU has recorded an average annual asset growth rate of 182% over the past five years. In Korea, the TIGER KRX Physical Gold ETF, launched with a total expense ratio of 0.15% per annum, drew 537.8 billion won in cumulative net purchases by individual investors in 2024, the highest among newly listed ETFs.
In pensions, the company recently launched M-ROBO, an AI-driven robo-advisor for retirement pensions that proposes individual portfolios. Mirae Asset has ranked near the top in pension fund establishment, target date fund (TDF) market share and default option fund establishment since introducing Korea's first TDF. In OCIO, it has served as a discretionary manager for the National Pension Investment Pool since 2021, broadening its mandate to global investment, overseas real estate and infrastructure, and in August 2025 launched the pool's first venture investment product. In real estate, the company has operated since establishing Korea's first real estate fund in 2004 and in April 2024 set up a domestic real estate core strategy blind fund for Korea Post.
The company plans to strengthen AI capabilities by leveraging US AI firm Wealthspot and Australian robo-advisor manager Stockspot. A company official said Mirae Asset's global network supports global asset allocation and a range of investment instruments, and that the firm will continue to launch products intended to bring innovation to the market and contribute to investors' retirement security.
The ETF business has been the primary growth driver. Its US subsidiary Global X has expanded its thematic and income ETF franchise, and its assets have grown from about 8 trillion won at the time of the 2018 acquisition to approximately 80 trillion won. Global X EU has recorded an average annual asset growth rate of 182% over the past five years. In Korea, the TIGER KRX Physical Gold ETF, launched with a total expense ratio of 0.15% per annum, drew 537.8 billion won in cumulative net purchases by individual investors in 2024, the highest among newly listed ETFs.
In pensions, the company recently launched M-ROBO, an AI-driven robo-advisor for retirement pensions that proposes individual portfolios. Mirae Asset has ranked near the top in pension fund establishment, target date fund (TDF) market share and default option fund establishment since introducing Korea's first TDF. In OCIO, it has served as a discretionary manager for the National Pension Investment Pool since 2021, broadening its mandate to global investment, overseas real estate and infrastructure, and in August 2025 launched the pool's first venture investment product. In real estate, the company has operated since establishing Korea's first real estate fund in 2004 and in April 2024 set up a domestic real estate core strategy blind fund for Korea Post.
The company plans to strengthen AI capabilities by leveraging US AI firm Wealthspot and Australian robo-advisor manager Stockspot. A company official said Mirae Asset's global network supports global asset allocation and a range of investment instruments, and that the firm will continue to launch products intended to bring innovation to the market and contribute to investors' retirement security.
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