Mirae Asset tops W70 tril. mark in TIGER ETFs

Mirae Asset Global Investments said Thursday that its TIGER exchange-traded funds (ETFs) topped 70 trillion won ($51.54 billion) in net assets both at home and abroad. The asset management arm of Mirae Asset Financial Group said the net assets reached 70.07 trillion won for all 213 ETFs sold under the TIGER brand worldwide. The achievement came as the Seoul-based company grew into the world’s 12th-largest ETF provider, managing 217 trillion won in net assets after it advanced to the international market in 2003. In particular, the yearly growth rate of Mirae Asset Global Investments averaged 35.1 percent over the past 10 years, which was nearly double the growth rate of global peers, averaging 18.3 percent growth. In Korea, TIGER ETFs account for about 43 percent of the 62 trillion won of assets under management of entirely domestically traded ETFs. The 43 percent marks the largest market share among local asset managers. “We will continue to pay back customers' support for TIGER ETFs by developing innovative products and faithfully serving our role as a long-term investment partner aWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times