Mirae Asset Investment Managers (India) Pvt. Ltd. plans to offer Global X ETF products to Indian investors

• Mirae Asset India is aims to offer its global ETF arm, Global X’s product via Fund of Fund Product to enhance innovative product lines in overseas Fund of Fund (FoF).
• Global X is one of the largest thematic ETF providers globally and Mirae Asset India has plans to introduce various innovative overseas Fund of Funds (FOFs). Global X ETFs have innovative themes such as Electric Vehicles (EV), Artificial Intelligence (AI), Block chain etc.

Mirae Asset India has been consistently launching innovative funds in India and was the first to offer ETFs based on Nifty 100 ESG Sector Leaders Index, Nifty Financial Services Index, Nifty Manufacturing Index, NYSE Fang+ Index and S&P 500 Top 50 Index in India. Mirae Asset India also endeavours that most of its ETFs are provided adequate liquidity for investors to trade. Using Global X‘s ETF products, Mirae Asset India aims to continue this journey forward to bring more Global Thematic offerings to Indian Investors. Global X has impressive line-up of products like Blockchain, Millennial, EV and so on.

• Launched 1st product in 2018.
• Currently has an AUM of Rs. 3,000 crore with 8 ETF products as on 31st Dec 2021
• Mirae Asset NYSE FANG+ ETF (An Open-ended fund of fund scheme predominantly investing in Mirae Asset NYSE FANG+ ETF) drew large attention from the market by collecting around Rs. 400 cr during the NFO.
• Recently Mirae Asset India launched Mirae Asset Nifty India Manufacturing ETF (An open-ended scheme replicating/tracking Nifty India Manufacturing Total Return Index) which invests in companies under the manufacturing sector in India.
• Mirae Asset India is planning to introduce various innovative overseas Fund of Funds with underlying as Global X’s innovative ETFs.
• Mirae Asset India also offered first ESG (Environment, Social and Governance) based ETF in Indian market

• AUM of ETFs operated worldwide increased to approximately USD 30bn compared to the previous year.
• The Number of ETFs operated worldwide more than tripled from 93 in 2011 to 396 at the end of 2021.
• Successful acquisition of several reputable ETF providers such as Global X and Horizons.
• Global X ETF is one of the largest thematic ETF providers globally.
• Prior to acquisition, Global X ETF had an AUM of approx. US$ 10 Bn. Post-acquisition by Mirae Asset Group in 2018, the AUM has seen a rapid growth with current AUM of US$ 43 Bn (Source, Internal, as on Dec 31, 2021)

“The rapid growth in Mirae Asset’s ETFs business globally, reaching the US$ 84 bn mark, is evidence of the innovation and choice that it offers to investors in multiple markets. In India, we look forward to leverage our global expertise in ETFs and launch many more innovative products for our Indian investors having underlying as Global X ETFs,” said Mr. Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.

With its proven record, Mirae Asset Group has emerged as a major global player in the ETF space and has several firsts to its credit which would have benefitted the investor community. With this, millions of investors in India can now avail Global X products through Mirae Asset Investment Managers (India) Pvt. Ltd.

For further information, contact:

Rajesh Joshi
The Good Edge
rajesh@thegoodedge.com
M: +91-9833171525