HyeonJoo Park

ETF Securities, Australia’s pioneering independent ETF provider, has announced its corporate rebrand to Global X ETFs, creating the preeminent leader in thematic, commodities and digital assets ETFs in the Australian market. The rebrand follows Mirae Asset and Global X’s acquisition of ETF Securities Australia in June 2022.

Commenting on the announcement, HyeonJoo Park, Founder and Global Investment Strategy Officer of Mirae Asset Financial Group, said: “Australia is a focus market for Mirae Asset and I’m delighted to see the business scale in the region. Mirae Asset is extremely committed to its industry-leading ETF businesses and I’m proud to welcome ETF Securities to the Global X brand as it perfectly aligns with our dedication to the sector and to our investors.”

At the heart of the decision is Global X’s international recognition as one of the most trusted and admired ETF providers in the world with a strong network of more than a million clients across 95 countries. Since the closing of the transaction to acquire ETF Securities, the ETF Securities team has been working closely with the teams at Mirae Asset and Global X to create synergies and identify ways to accelerate the growth of the combined company in the Australian market by leveraging Mirae Asset’s and Global X’s global platform.

“The rebrand to Global X ETFs builds on a legacy for investors that’s beyond ordinary via quality research, the deep balance sheet of our parent company, Mirae Asset, and a track record of innovative and investor driven product design, allowing us to create opportunities for our clients as we expand our offering,” said Luis Berruga, CEO of Global X ETFs. “We are creating an Australian ETF powerhouse by joining Global X and ETF Securities.”

Alongside getting a fresh look, ETF Securities’ listed products will be renamed, however, this will have no material impact on the funds’ structure. Going forward, the combined company will use Global X ETFs name and logo, as demonstrated by the launch of a new website for the Australian market www.globalxetfs.com.au.

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Graham Tuckwell,

Mirae Asset Global Investments Co., Ltd. (Mirae Asset), one of Asia’s leading independent financial companies based in Seoul, Korea, and Global X ETFs (Global X), the New York-based provider of exchange-traded funds (ETFs) and a subsidiary of Mirae Asset, has announced that they have completed the acquisition of ETF Securities, Australia’s pioneering independent ETF provider.

The acquisition provides an opportunity for Mirae Asset and Global X to add instant scale in the Australian market, and ETF Securities’ product lineup of thematic, commodities and digital assets strategies compliments Mirae Asset’s and Global X’s current offerings of innovative and intelligent ETF solutions for global investors.

Mirae Asset currently has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam. With the addition of ETF Securities and its A$4.7 billion in assets under management (AUM)^[1], Mirae Asset is expanding its footprint into Australia and bringing its ETF AUM to over $85 billion^[2].

“We are incredibly excited to enter the Australian market and to meaningfully expand our global ETF footprint through the acquisition of ETF Securities’ inventive business,” said Byungsung Lee, CEO of Mirae Asset Global Investments. “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.”

The partnership with Mirae Asset will bring ETF Securities Australia the resources of a large financial institution, including more than 12,000 employees located in key developed and emerging markets. In addition, with Global X’s legacy as the global leader in thematic investing, having over a decade of experience and more than 30 targeted products in the space, ETF Securities will gain access to Global X’s resources and expertise, including its world-class research and product development capabilities.

“For 20 years, ETF Securities has been a pioneer in the ETF industry. From the introduction of the world’s first physical gold ETF in 2003 to maintaining the largest precious metals ETF platform in Australia today and expanding its offering to include a growing range of thematic and digital assets products, I’m exceedingly proud of what the team has been able to accomplish,” said Graham Tuckwell, Founder and Chairman of ETF Securities. “As true innovators in the ETF industry around the world, Mirae Asset and Global X are like minded – undeniably sharing our Australian teams’ visionary mindset and commitment to client service.”

“Over the past several years, Global X has worked to develop the infrastructure to be a leading ETF issuer, not just in the US, but in key ETF markets around the world,” said Luis Berruga, CEO of Global X. “ETF Securities and Global X share an exploration mindset that has allowed both businesses to quickly adjust to the demands of a very fast industry, and we are thrilled to leverage our global capabilities to support ETF Securities’ next phase of growth. By joining forces, we are able to share resources to provide Australian investors with truly first-of-their-kind ETFs across thematic, commodities and digital assets.”

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[1] ETF Securities, as of 6/10/22
[2] Mirae Asset, as of 6/3/22

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