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Mirae Asset Global Investments

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Mirae Asset Global Investments
NameMirae Asset Global Investments
TypeAsset management
IndustryFinancial services
Founded0 1997
FounderPark Hyeon-joo
Hq locationSeoul
Hq location countrySouth Korea
Area servedWorldwide
Key peopleRoh Young-sang (CEO)
ProductsMutual funds, Exchange-traded funds, Pension fund management
AssetsOver US$200 billion (2023)
ParentMirae Asset Financial Group
Websitehttps://www.miraeasset.com/

Mirae Asset Global Investments is a leading asset management firm and the flagship subsidiary of Mirae Asset Financial Group. Founded in Seoul, South Korea, it has grown into a major global investor with a significant presence across Asia, the Americas, and Europe. The firm manages a diverse portfolio of investment products, including mutual funds and exchange-traded funds, for both institutional and retail clients worldwide.

History

The firm was established in 1997 by Park Hyeon-joo, a pivotal figure in the development of South Korea's modern financial market. Its early growth was closely tied to the expansion of the Korean stock market and the increasing sophistication of domestic investors. A major strategic shift occurred in 2003 with the launch of the Tiger Fund, one of South Korea's first equity funds focused on overseas markets, marking its initial foray into global investing. Subsequent decades saw aggressive international expansion, including the establishment of offices in key financial centers like Hong Kong, Mumbai, and São Paulo, and the acquisition of asset management platforms in markets such as India and Brazil.

Business operations

Core activities center on managing capital for a broad client base, including pension funds, insurance companies, corporations, and individual investors. The firm operates through a network of subsidiaries and joint ventures in over a dozen countries, each tailoring services to local regulatory environments and market dynamics. Key operational divisions are dedicated to portfolio management, investment research, risk management, and client service. Its operations are supported by the technological infrastructure and investment banking capabilities of its parent, Mirae Asset Financial Group.

Investment strategies and products

The firm employs a range of strategies across asset classes, with a noted emphasis on emerging markets and Asia-Pacific equities. Its product suite includes actively managed mutual funds, a growing family of exchange-traded funds under brands like TIGER ETF, and specialized mandates for institutional investors. Investment decisions are driven by fundamental, bottom-up research conducted by teams located in major markets worldwide. The firm has also developed thematic investment products focusing on trends like global consumer growth, technology innovation, and environmental, social, and corporate governance (ESG) criteria.

Global presence

The firm maintains a substantial footprint across three continents, with its headquarters in Seoul serving as the central hub. In Asia, it has major offices and investment teams in Hong Kong, Shanghai, Beijing, Tokyo, Mumbai, and Ho Chi Minh City. Its presence in the Americas includes operations in New York City, São Paulo, and Santiago. In Europe, it has established investment desks in London, leveraging the city's role as a global financial centre. This network allows it to source investment opportunities and serve clients in both developed and emerging economies.

Leadership and corporate governance

The firm is led by Chief Executive Officer Roh Young-sang, who oversees its global investment and business strategy. It operates under the governance framework of its ultimate parent, Mirae Asset Financial Group, with boards at both the group and subsidiary levels ensuring oversight. Key leadership includes seasoned portfolio managers and regional heads with extensive experience in international capital markets. The firm emphasizes a culture of long-term, research-driven investing and adheres to strict compliance standards set by regulators like the Financial Services Commission (South Korea) and the Securities and Exchange Commission.

Recognition and awards

The firm has received numerous accolades from financial publications and industry organizations. It has been consistently ranked among the top asset management companies in South Korea by Assets under management. Its exchange-traded funds have won awards from ETF Express and Asia Asset Management for innovation and performance. The firm's research and investment capabilities in emerging markets have also been recognized by institutions like Morningstar, Inc. and Lipper (company). These awards highlight its competitive standing in the global financial services industry.

Category:Financial services companies of South Korea Category:Asset management firms Category:Companies based in Seoul Category:Mirae Asset Financial Group