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
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.
How many ETFs does Global X have? ›
With 92 ETFs traded on the U.S. markets, Global X ETFs have total assets under management of $50.07B. The average expense ratio is 0.52%.
How many employees does Global X have? ›
Global X ETFs has approximately 203 employees as of August 2024.
Where is Global X headquarters? ›
Global X ETFs is a leading ETF issuer based in New York founded in 2008.
How much does Global X pay? ›
The average Global X ETFs hourly pay ranges from approximately $34 per hour (estimate) for an Intern to $51 per hour (estimate) for a Research Analyst. Global X ETFs employees rate the overall compensation and benefits package 2.6/5 stars.
Who is Global X competitor? ›
Best Paid & Free Alternatives to GlobalX
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Dividend Summary
There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.0.
How much does Global X ETFs pay investment consultants? ›
The average Investment Consultant base salary at Global X ETFs is $125K per year.
Who owns Global X Lithium? ›
Institutional Ownership and Shareholders
Largest shareholders include Sessa Capital IM, L.P., Morgan Stanley, Bank Of America Corp /de/, LPL Financial LLC, Pnc Financial Services Group, Inc., UBS Group AG, Jane Street Group, Llc, Susquehanna International Group, Llp, Wells Fargo & Company/mn, and Royal Bank Of Canada .
How much did Global X sell for? ›
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.
Anthony Romeo - Director - Global X ETFs | LinkedIn.
Where does Global X fly? ›
GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family of aircraft. Our services include domestic and international ACMI and charter flights for passengers and cargo throughout the US, Caribbean, Europe, and Latin America.
Is Global X ETF a good investment? ›
Global X Cloud Computing ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, CLOU is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market.
What does Global X do? ›
GlobalX is a market leading provider of accurate, trusted and critical business, property and consumer information, enabling businesses around the world to improve their productivity. Our searches are covered by a £10m Professional Indemnity policy to give our clients complete security and assurance in our service.
Is Global X private? ›
Is Global X a private or public company? Global X is a Private company.
Is Global X Airlines safe? ›
GlobalX is IOSA certified by IATA and holds TCO's for Europe and the UK.
Is Global Collection legit? ›
Global Group Collections is not fake or a scam. They are a legitimate business, however, their persistent calls might feel overwhelming. Addressing any unverified debts is one way to manage this.
How reliable is stock X? ›
With over 1,400 employees, 13 authentication centres, operating in almost 200 countries, StockX is definitely the real deal. So if you're on the hunt for that sneaker grail, a luxury watch, or even a sought-after collectible, it's definitely a reliable option to check out.
Is Global Mail Direct reliable? ›
Trustpilot gives US Global Mail 4.7 out of 5 stars, with customers appreciating the efficiency and customer service provided by the company. "US Global Mail has been completely reliable with all my mail handling and forwarding needs. Their systems and processes are easy to use and work smoothly and effectively.
