Mirae Asset Global Investments said on Monday that assets under management (AUM) at its European ETF subsidiary Global X Europe (GX EU) have exceeded $8 billion.

GX EU's AUM stood at $8.03 billion at end-January, the company said. AUM rose 214.6 percent in 2025, the highest growth rate among European ETF managers with at least $1 billion in AUM. It has also far outpaced the average rise in the European and global ETF markets over the past 3 years.

Assets under management in the European ETF market stand at about 5,030 trillion won, ranking second in the world after the United States at about 20,100 trillion won.

GX EU has recently stepped up efforts to strengthen its business foundation to sustain this growth momentum.

It appointed Gea Blumberg (게아 블럼버그), former head of strategy at global asset manager WisdomTree, as co-CEO to bolster management and strategic capabilities.

It also opened a sales office in Frankfurt, Germany, to build a local sales system centered on key European markets.

The co-CEO structure comprising Blumberg and existing co-CEO George Taylor (조지 테일러) is expected to accelerate the expansion of its business platform and increase market share in Europe.

Blumberg said growth achieved by GX EU over the past 3 years shows its innovative product strategy effectively meets the needs of European investors. She said she would work closely with Taylor to expand GX EU's market influence across Europe.

Younghwan Kim (김영환), head of Mirae Asset Global Investments' Global Innovation Division, said Europe, the world's second-largest ETF market, has entered a phase of structural growth. He said GX EU will continue to strengthen competitiveness in Europe by recruiting key talent and expanding its local footprint.