Mirae Asset Global Investments is a Korean asset manager and a key player in the Asian financial market.
It is a wholly owned subsidiary of Mirae Asset Financial Group, founded by Hyeon Joo Park. Park’s leadership and entrepreneurial spirit have been the driving force behind the global rise of Mirae, and he holds a majority stake in the business.
Mirae Asset has grown significantly over the years (USD 198 billion as of December 2022) across a diversified platform, of which about 60% of assets are managed in South Korea. We believe that Mirae’s core mutual fund business in the Asia-Pac region is relatively strong. It has a collaborative structure, a strong and large investment team, low manager turnover, competitive fees, and a disciplined approach to product-development pointing toward better stewardship practices relative to peers in these markets. However, this is in stark contrast to its exchange-traded fund business, which accounts for 41% of the total assets.
The firm’s ETF lineup focuses largely on high-risk thematic strategies that seem gimmicky, emphasizing short-term asset-gathering. The firm appears to leverage trending topics such as robotics and artificial intelligence, virtual reality and gaming, and cloud computing. There’s a notable concern regarding the potential liquidation of these funds since they seem to be designed around investment fads. Furthermore, these products are often expensive, especially compared with broadly diversified index funds and ETFs. Unsurprisingly, Mirae's reflexive product-development strategy has led to an increase in fund closures.
Our experience engaging with the MAGI team to gather critical information for the parent assessment has not been as positive. It hasn’t been as transparent in its disclosures, and unlike its peers, its responsiveness has been inadequate. We prefer firms with a more transparent corporate culture. Overall, these actions hold us back, and the firm retains its Parent Pillar rating of Average.
FAQs
Company is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.
Who owns Global X? ›
Who acquired Global X? Global X was acquired by Mirae Asset Global Investments.
Who is the owner of Global X management Co LLC? ›
In late 2023 the company was still owned by Mirae Asset Global Investments, and managed US$39 billion.
Does Mirae Asset own Global X? ›
Global X Parent Rating
It is a wholly owned subsidiary of Mirae Asset Financial Group, founded by Hyeon Joo Park. Park's leadership and entrepreneurial spirit have been the driving force behind the global rise of Mirae, and he holds a majority stake in the business.
Where is Global X located? ›
Global Crossing Airlines, Inc., operating as GlobalX Airlines, is an American Part 121, domestic, flag, and supplemental charter airline headquartered in Miami, Florida.
What does Global X do? ›
Global X offers ETFs that provide exposure to a range of commodities, such as gold, silver, copper, and uranium.
Who is Global X competitor? ›
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that Global X was acquired by Mirae Asset for $488 million, leaving many wondering if Mirae overpaid. But is $488 million a fair price? We put the numbers in context below. Using a rough calculation we estimate the market value of Global X to have been closer to $364 million.
How to invest in Global X? ›
You can choose to use an online trading account, a stockbroker or a financial adviser.
- Create an online trading account or choose a stockbroker/financial adviser.
- Review the ETF's product disclosure statement.
- Use the exchange code to buy or sell the ETF via your trading account.
Ryan O'Connor takes over amid concerns about executive turnover. Eleven days into his tenure as the chief executive officer of Global X ETFs, Ryan O'Connor is more focused on the future of the $47 billion asset management firm than the recent past, which includes a raft of executive-level departures since November.
Global X has appointed a new chief executive from Goldman Sachs Asset Management (GSAM). The ETF provider announced Ryan O'Connor will join the firm on 8 April 2024 in the leadership role. He joins from GSAM where he was the global head of ETF product, responsible for leading all aspects of the ETF product platform.
What are covered call ETFs? ›
Covered call ETFs employ a strategy of selling call options on underlying securities to generate consistent income for investors. Compared to other types of investments, investors may generate a unique combination of income and downside protection.
How long has Global X been in business? ›
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions.
Who manages Global X ETFs? ›
Global X was acquired by Korean asset management conglomerate Mirae Asset Global Investments in 2018, when Global X had $10.2 billion under management. Its largest fund is the $8.2 billion Global X NASDAQ 100 Covered Call ETF (QYLD), which launched in 2013.
Is Mirae Asset real or fake? ›
We would like to inform the public in general that Mirae Asset Mutual Fund and Mirae Asset Investment Managers (India) Private Limited are in no way associated with this fake group / communication channel and shall not be held liable for any losses whatsoever; and we condemn this act of defrauding investors.
Is Global X Airlines safe? ›
GlobalX is IOSA certified by IATA and holds TCO's for Europe and the UK.
How much does Global X ETFs pay investment consultants? ›
The average Investment Consultant base salary at Global X ETFs is $124K per year.
Is Global X SuperDividend ETF a good investment? ›
Global X SuperDividend U.S. ETF is a reasonable option for investors seeking to outperform the Style Box - All Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
How much does Global X SuperDividend pay? ›
Dividend Summary
The previous Global X Funds - Global X SuperDividend ETF dividend was 19c and it went ex 17 days ago and it was paid 7 days ago. There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.0.
