[THE INVESTOR] Mirae Asset Global Investments, Korea’s leading asset management firm under Mirae Asset Financial Group, said on Feb. 19 it is acquiring Global X, the New York-based provider of exchange-traded funds, for about US$500 million.
Global X, founded in 2008, is a fast-growing ETF issuer specialized in robotics and artificial intelligence industries, with its assets more than doubling to US$10.2 billion last year. Once the deal is closed in the third quarter as planned, Mirae Asset’s total ETF assets will surge from the current US$20 billion to US$300 billion -- the 18th-largest globally.
Mirae Asset Tower in Pudong, Shanghai. |