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

Miraef Asset Global Investments has reached a significant milestone, boasting global exchange-traded fund (ETF) assets totaling $282 billion, placing it at the eleventh spot among the world's largest ETF managers, according to a statement released on Thursday. As of August 17, the company manages 775 ETFs, with combined net assets of 389 trillion won spread across Korea, the U.S., Canada, Australia, India, and Japan. This positions Mirae Asset as the second-largest ETF manager in Asia, trailing only Nomura.

The growth of Mirae Asset's ETF assets has been exceptional, averaging an annual increase of 37.4 percent over the last decade, which significantly outpaces the global ETF industry's average growth of 21.7 percent during the same period. The rapid expansion has primarily been observed overseas. Mirae Asset's U.S.-based ETF arm, Global X US, has recently amassed assets exceeding $100 billion, a nearly 18-fold increase from the 8 trillion won it managed when Mirae Asset acquired the business in 2018.

This growth trend is also seen across other regional operations. Global X EU has experienced an average annual growth rate of 223 percent over the past five years, while Global X Japan has crossed the 1 trillion yen mark in assets.