ETF Securities acquired by Mirae Asset
ETF Securities has been acquired by Mirae Asset and Global X ETFs for an undisclosed sum.
The firms said the acquisition provided an opportunity for Mirae Asset and Global X to add instant scale in the Australian market. They also said ETF Securities’ product line-up of thematic, commodities and digital assets complemented their offerings.
The acquisition brought Mirae’s assets under management to $85 billion.
“We are incredibly excited to enter the Australian market and to meaningfully expand our global ETF footprint through the acquisition of ETF Securities’ inventive business,” said Byungsung Lee, chief executive of Mirae Asset Global Investments.
“This acquisition underscores Mirae Asset’s continued commitment to maintaining industry-leading ETF businesses in key markets around the world and brings immediate scale to our operations in Australia.”
AUTHOR
Laura Dew
Recommended for you
LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.
Tyndall Asset Management is to close down the Tyndall brand and launch a newly-branded affiliate following a “material change” to its client base.
First Sentier has launched its second active ETF, offering advisers an ETF version of its Ex-20 Australian Share strategy.
BlackRock has revealed that its iShares bitcoin ETF suite has now become the firm’s most profitable product line following the launch of its Australian bitcoin ETF last month.
