South Korea-based Mirae Asset Global Investments has completed its acquisition of Australia-based ETF Securities. The transaction expands Mirae Asset’s global ETF footprint as well as its presence in the Australian market. The asset manager’s global ETF platform covers Europe, Asia and the Americas and the addition of ETF Securities brings the firm’s ETF assets under management to more than US$85billion. Also involved in the acquisition is New York-based Global X ETFs, a Mirae Asset subsidiary. No financvial details of the transaction were disclosed. “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,” said Byungsung Lee, CEO of Mirae Asset Global Investments. © 2022 funds global asia