Mirae Asset Group
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| Private company | |
| Industry | Financial services |
| Founded | 1997 |
| Headquarters | Seoul, South Korea |
| Products | Mutual funds, Trading & Investing, Retirement & Planning |
| AUM | US $73.0 billion (Sep 2015) |
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Number of employees
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622 Total; 131 Investment Professionals (Sep 2015) |
| Website | www |
Mirae Asset Financial Group is an independent financial services group in Asia,[1] headquartered in Seoul, South Korea. While the group’s core business is asset management, it also provides comprehensive financial services in the areas of wealth management and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the very first mutual funds to Korean retail investors in 1998.
Mirae Asset Global Investments Group is the asset management arm of Mirae Asset Financial Group. It is one of the largest investors in emerging market equities.[2] With approximately 600 employees, including more than 120 dedicated investment professionals (as of 30 Sep 2015), Mirae Asset Global Investments Group has a presence in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the United States and Vietnam. The firm manages over US$73 billion in assets globally (as of 30 Sep 2015).[3]
Contents
Chairman
Hyeon Joo Park is the founder and Chairman of Mirae Asset Financial Group. He established the Group in 1997, amidst the Asian Financial Crisis and was the first to launch retail mutual funds in South Korea in 1998
Park earned a bachelor's degree in business administration from Korea University and attended the Advanced Management Program at Harvard Business School in 2002
Milestones [4]
2015
- Mirae Asset wins 2015 Lipper Fund Awards for Asia Pacific Equity, Asia Great Consumer, and Asia Funds in HK, Taiwan, and US[5]
2014
- Mirae Asset launches Horizons Korea KOSPI 200 ETF, the lowest cost Korea ETF in the US market featuring the broadest Korean index exposure[6]
2013
- Mirae Asset launches Horizons S&P 500 Covered Call ETF, Horizons’ first US-listed ETF
- Mirae Asset launches CSI300 Enhanced Index Fund, the China JV’s first mutual fund
2012
- Mirae Asset Global Investments becomes the largest fixed income fund manager in Korea [7]
- Mirae Asset establishes Korea’s first joint venture asset management company in China - Mirae Asset Huachen Fund Management
- Mirae Asset Global Investments merges with Mirae Asset MAPS Global Investments, its sister company specializing in alternative investments
2011
- Mirae Asset Financial Group agreed to acquire 85% of Betapro Management Inc. BetaPro, together with its subsidiary Alphapro, manage the Horizons family of exchange traded funds, the largest ETF family in Canada with more than 70 ETFs listed on the Toronto Stock Exchange and C$3 billion (US$3.1 billion) in Assets under Management
- Mirae Asset Global Investments acquires 60% of TLG Asset Management, a fund management subsidiary of Taiwan Life Insurance
- Mirae Asset Private Equity, Fila Korea, National Pension Service of Korea and Korea Development Bank agree to buy Acushnet Company, owner of leading golf brands Titleist and FootJoy[8]
- Mirae Asset launches iPhone application focused on “Emerging Markets”
- Mirae Asset TIGER KOSPI 200 listed in HK
2010
- Mirae Asset launches US-domiciled funds
- Harvard Business School chooses Mirae Asset’s story and the entrepreneurship of Chairman Park Hyeon Joo for a case study
2009
- Mirae Asset Global Investments signs an agreement to form an asset management joint venture in China
2008
- Mirae Asset was recognized as the largest investor in emerging markets
- Mirae Asset’s SICAV Luxembourg-domiciled funds were launched
- Mirae Asset Global Investments (Brazil) was established
- Mirae Asset Global Investments (USA) was established
2007
- Mirae Asset Global Investments (UK) was established
2006
- Mirae Asset Global Investments (India) was established
2005
- Mirae Asset launches Korea’s first overseas investment (ex-Korea) fund Mirae Asset Retirement Pension Institute established
2004
- Mirae Asset Investment Education & Research Center was established
- Mirae Asset MAPS Global Investments was established through the acquisition of a local asset management company
2003
- Mirae Asset Global Investments (HK), the first global operation based in Hong Kong, was established
2001
- Selected as external manager of the National Pension Service (NPS) of Korea
1998
- Korea’s first mutual investment fund was launched by Mirae Asset
1997
- Mirae Asset Global Investments was established
Awards [9]
2013
- Mirae Asset Global Investments receives 2013 Korea Awards - Investment Performance, Best Manager of International Fixed Income from Asian Investor
- Mirae Asset Global Investments receives 2013 Korea Awards - Investment Performance, Best Manager of Exchange-Traded Funds from Asian Investor
2011
- Mirae Asset Global Investments receives 2011 Korea Awards – Investment Performance, Best (Onshore) Manager of International Equities from Asian Investor
- Mirae Asset Global Investment receives 2010 Best of the Best Country Awards, Korea – Best Retail House from Asia Asset Management
- Mirae Asset Global Investment receives 2010 Best of the Best Country Awards, Korea – Best House for Offshore Funds from Asia Asset Management
2010
- Mirae Asset Global Investments receives the Asia Asset Management Best of the Best Awards 2009 under the category of Korea’s Best Retail House
- Mirae Asset Global Investments receives the Asia Asset Management Best of the Best Awards 2009 under the category of Korea’s Best House for Offshore Funds
2009
- Mirae Asset Chairman Hyeon Joo Park was the award recipient of the Ernst & Young Entrepreneur of the Year 2009 for Korea
- Mirae Asset Global Investments receives the Asian Investor’s 2009 Investment Performance Awards under the category of Best in Emerging Market Equity
- Mirae Asset Global Investments receives the Asian Investor’s 2009 Investment Performance Awards under the category of Best Korea Onshore Fund House
- Mirae Asset Global Investments receives Asia Asset Management’s 2008 Best of the Best Awards, Korea under the Best Community Service Award category
2008
- Mirae Asset Global Investments receives Asian Investor’s 2008 Investment Performance Award under the category of Korean Equities One-Year Performance
2007
- Mirae Asset Global Investments receives 2007 Moneytoday & Morningstar Fund Grand Prize, Best Asset Management Company from Morningstar
- Mirae Asset Global Investment receives 2007 Achievement Awards, Korea Fund House of the Year from Asian Investor
- Mirae Asset Global Investment receives 2006 Best of the Best Awards, Korea Equity 3-Year from Asian Investor
2006
- Mirae Asset Global Investment receives 2006 Achievement Awards, Korea Fund House of the Year from Asian Investor
Other businesses
Mirae Asset Securities
Mirae Asset Securities provide clients with a comprehensive suite of services including wealth management, investment banking, brokerage and M&A advisory.
Mirae Asset Life Insurance
Mirae Asset Life Insurance is a full-service life insurance company offering clients life insurance, investment-linked insurance, financial consulting and retirement planning services.
Mirae Asset Capital
Mirae Asset Capital provides financial consulting and corporate finance services. It invests in industries that drive the Korean economy, such as the internet, multimedia and biotechnology sectors.
Notes and references
- ↑ Top Retail Manager in Asia ex-Japan, Australia, and New Zealand - Fund Manager Survey 2014, Asia Asset Management, September 2014
- ↑ One of the largest investors in emerging market equities amongst 79 asset management firms surveyed - IPE Survey: Managers of Emerging Market & Frontier Equities, Investment & Pensions Europe (IPE) January 31, 2014
- ↑ Mirae Asset About Us
- ↑ Mirae Asset Milestones
- ↑ [1]
- ↑ Horizons ETFs Launches Horizons Korea KOSPI 200 ETF
- ↑ Korea Financial Investment Association
- ↑ Korean company to buy Titleist, Footjoy, FOX Sports, May 20, 2011.
- ↑ http://www.miraeasset.com/aboutus/awardsCompany.jsp and http://www.miraeasset.com/aboutus/awardsFunds.jsp
