Mirae Asset ranks No. 11 globally as ETF assets reach $282 bil.

Mirae Asset Global Investments has grown its global exchange-traded fund (ETF) business to 389 trillion won ($282 billion) in assets, making it the world’s 11th-largest ETF manager, the company said Thursday. As of Aug. 17, the asset manager offered 775 ETFs with combined net assets of 389 trillion won across Korea, the U.S., Canada, Australia, India and Japan, ranking 11th globally and second in Asia behind Nomura, according to research firm ETF Global Insight. Its ETF assets have grown at an average annual rate of 37.4 percent over the past decade, well above the 21.7 percent growth recorded by the global ETF industry over the same period. The expansion has been notably pronounced overseas. Global X US, Mirae Asset’s U.S.-based ETF arm, recently surpassed $100 billion in assets, nearly 18 times the 8 trillion won it managed when Mirae Asset acquired the business in 2018. Growth has also been strong across Global X’s other regional operations. Global X EU has posted average annual growth of 223 percent over the past five years, while Global X Japan crossed 1 trillion yen in assets