Global X ETFs Surpasses $50 Billion in Assets Under Management in the U.S.
NEW YORK, July 10, 2024 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs) today announced that the firm exceeded $50 billion in assets under management (AUM) in the U.S.[i] This important milestone reflects the firm's rapid ascent as a leading global ETF provider, having grown from $10 billion in assets under management when the firm was acquired by Mirae Asset Global Investments in July 2018. [ii] As of July 8, the AUM has increased by over $6 billion since the beginning of the year, among its strongest performances in Global X's 15 year history. [iii]
Since Global X launched its first ETF in 2009, the firm has grown and established its expertise in Thematic Growth and Income strategies, reflecting investor interest in the strategies. Global X has expanded its diverse product lineup to feature more than 90 ETFs across several categories, including International, Core, and Commodity funds. The product offerings include themes such as artificial intelligence and evolving infrastructure needs, as well as strategies which seek to generate income including through covered call writing and access to high dividend paying equities. Global X now boasts fourteen ETFs with over $1 billion in assets [iv], spanning across Thematic Growth, Income, and Commodities strategies.[v]
"Global X has developed from a challenger to an industry leader, driven by both our highly innovative product pipeline and through the backing of Mirae Asset, which recognizes Global X as its flagship ETF brand," said Ryan O'Connor, CEO of Global X ETFs. "We have now entered another era of innovation-driven growth, and I am honored to play a leading role in this exciting and transformative period for the business."
CEO Ryan O'Connor continued: "We have an incredible team at Global X with a deep bench of talent and industry knowledge, and this team is building out the infrastructure to take our expansion to the next level—to $100 billion in assets and beyond. In an effort to achieve this growth, we remain laser-focused on delivering for our clients in new, innovative ways to help them reach their investment objectives."
"When I joined Global X as a Research Analyst in 2010, the firm was a new entrant in the ETF industry with $1 billion in assets across eleven funds," said Alex Ashby, Chief Operating Officer at Global X ETFs. "Fast forward to today, we have now eclipsed $50 billion in assets across 93 funds. It has been incredibly rewarding to experience our team's growth to new heights, while prioritizing innovation and collaboration."
About Global X ETFs
Global X ETFs was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and over $50 billion in assets under management.[vi] While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer both Core and Commodity funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $600 billion in assets under management across 19 countries worldwide.[vii] Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $119bn in assets under management.[viii]
Global X Launches ETF to Invest in Disruptive Materials
Thematic ETF provider Global X ETFs announced the launch of the Global X Disruptive Materials ETF (DMAT). Formerly known as the Global X Advanced Materials ETF, the fund trades on the Nasdaq and offers investors targeted exposure to global companies that drive long-term, paradigm-shifting themes.
DMAT seeks to invest in companies that produce metals and other raw or composite materials that have been identified as essential to disruptive technologies as identified by the underlying index, the Solactive Disruptive Materials Index. The fund will join Global X’s suite of 34 Thematic Growth ETFs.
From alternative energy sources such as solar panels and wind turbines to evolving technology like lithium batteries and electric vehicles, disruption is rapidly changing how our world looks. These advancements can help slow climate change, improve productivity, or connect millions of people around the world.
But behind these complex technologies are many essential raw inputs like certain metals, minerals, and materials, including carbon fiber, cobalt, copper, graphene & graphite, lithium, manganese, nickel, platinum & palladium, rare earth elements, and zinc — collectively known as “disruptive materials.” Just as fossil fuels were critical commodities for the 20th century economy, disruptive materials could be the essential inputs for the 21st century economy.
Case Study: Mirae Asset Global Investments Investor Climate Action Plan
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Mirae Asset Global Investments (Mirae Asset) was founded in Asia and now operates worldwide across 12 markets, where it takes a collaborative approach in managing a fully diversified investment platform. Mirae Asset invests in multiple asset classes through exchange-traded funds (“ETF”), mutual funds and alternatives and currently invest over US$218bn on behalf of clients, giving it the scale and experience to identify opportunities in a changing world (AUM as of September 2021).
Decarbonisation of global economies is no longer old news; this low carbon trajectory needs to accelerate in order to keep global warming to 1.5C as re-emphasised at the latest COP26. The financial implications of climate change - those that arise from risks due to extreme climate events or stranded assets as well as those that arise from low carbon opportunities – need to be considered as part of investment decisions. Mirae Asset is a supporter of the Task Force for Climate-related Financial Disclosures (TCFD) and also participates in collaborative climate engagement through Climate Action 100+.
Eye of the Tiger: 2022 Emerging Markets Outlook
Coming out of 2021 and into the Lunar Year of the Tiger, there are three areas in which we believe Emerging Markets (EM) are ahead of the pack creating a foundation for opportunities within the asset class in 2022:
- Vaccination rates in key EM countries, such as China, Taiwan, South Korea, and most of Latin America, are well ahead of the US.
- Chinese regulations startled markets in 2021, but we believe similar rules are yet to come across US and European markets.
- Several EM central banks (Russia, Brazil Chile, Colombia, Mexico, Peru, the Czech Republic, Hungary, Poland, Korea, and South Africa) began raising interest rates well ahead of the US and Europe in 2021.
Mirae Asset ESG Summit 2021
Mirae Asset hosted an inaugural ESG Summit where our panel of speakers shared their overview of ESG regulatory developments, discussed corporate actions on ESG, and explained what market trends have caught their eyes. Key takeaways and on-demand videos of the event: