The exchange traded fund assets held by Mirae Asset Global Investments have doubled over the past five years thanks to its diversified product portfolio, the company said Monday.

“ETFs are typically designed to track stock and bond indices, but Mirae Asset Global Investments has boosted the portion of actively managed products for investors seeking higher returns,” the company’s official said. 


As of end-April, the company’s global ETF assets under management came to $11.1 billion, up 148 percent from $4.5 billion at the end of 2011 when the firm began to enter overseas markets.

The number of ETF products the company offers has also soared to 179 from 93 in 2011.

The products are now available in six countries, including the U.S., Canada, Australia, Hong Kong and Colombia.

In 2006, the firm listed its first ETF, under the Mirae Asset TIGER brand, on the Korean stock exchange.

In order to ramp up its ETF business and expand its global footprint, the firm acquired controlling stake in Horizons Canada -- which has the largest ETF portfolio in Canada -- in 2011.

By Park Han-na (hnpark@heraldcorp.com)