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Finance
Mirae Asset Management global ETF assets top 400 trillion won, rank 12th worldwide
Mirae Asset Management said its global exchange-traded fund assets under management topped 400 trillion won, reaching about 421 trillion won as of end-May. The figure totals ETFs it runs across 13 markets including South Korea, the United States, Canada, Australia, Europe, Hong Kong and Japan. ETF research firm ETFGI ranked Mirae Asset 12th among global ETF managers by assets. Its domestic TIGER ETFs and U.S. unit Global X US both expanded.
Finance
Samsung Electronics, SK Hynix leveraged ETF launch nears as fee war begins
South Korea’s securities industry is set to list single-stock leveraged and inverse ETFs tracking Samsung Electronics and SK Hynix, triggering a competition among asset managers over fees. Eight managers plan to list 16 products on May 27, including 14 leveraged ETFs and two inverse ETFs, the first such listings in the country. Fee levels vary widely, but the products are geared toward short-term trading, making trading costs and market-making quality key considerations.
Finance
Mirae Asset Management AUM tops 600 trillion won; growth accelerates with ETFs, pensions and AI
Mirae Asset Management said its total assets under management reached 624 trillion won as of end-April, surpassing 600 trillion won. It attributed growth to its global ETF business, the expansion of domestic TIGER ETFs, and broader businesses including pensions, OCIO and real estate. Its Global X unit runs 747 ETFs across 13 markets. The firm is also expanding tokenised ETF offerings and reported strong growth in a semiconductor-themed TIGER ETF.