Mirae Asset Global Investments announced on December 17 that its Hong Kong office celebrated its 20th anniversary.
Established on December 17, 2003, Mirae Asset Global Investments Hong Kong has been at the forefront of providing overseas investment opportunities for Korean investors. The Mirae Asset Asia Pacific Star Fund, launched in 2005, was the first fund in Korea to be managed directly from overseas and was managed by highly specialized Hong Kong-based managers, contributing to the diversification of domestic investors' overseas investments.
In addition, we introduced various emerging market funds such as the BRICs Fund and China Fund to domestic investors. In 2008, we set up the first offshore fund, SICAV, in Luxembourg.
In 2011, Mirae Asset Global Investments Hong Kong became the first domestic company to enter the Hong Kong ETF market and is now the sixth largest ETF manager in Hong Kong. It is recognized as a leader in thematic ETFs in Hong Kong with innovative products that reflect local trends, including the Global X China Biotech ETF and Global X China Cloud Computing ETF.
As of the end of November, Mirae Asset Global Investments Hong Kong had 35 ETFs under management with total assets under management (AUM) of approximately $2 trillion. In October, the Hong Kong-listed Global X Hang Seng TECH ETF was cross-listed on the Shanghai/Shenzhen Exchange, making it the first Korean asset manager to enter the mainland Chinese ETF market.
In addition, Mirae Asset Global Investments Hong Kong serves as a hub for Mirae Asset Group's global business expansion in the international financial center.
Mirae Asset Global Investments, which entered overseas markets starting with Hong Kong in 2003, is celebrating its 20th anniversary this year. At the time, despite the negative outlook on overseas expansion of Korean financial companies, Park Hyun-joo, Global Strategy Officer (GSO) of Mirae Asset Group, challenged the overseas market, saying, "Even if I fail, I will still have experience in the Korean capital market."
Currently, Mirae Asset Global Investments is present in 16 regions around the world, including Korea, Hong Kong, the United States, Canada, Australia, and Japan. As of the end of November, its total overseas AUM was KRW 120 trillion, accounting for about 40% of Mirae Asset's total AUM.
