Mirae Asset (Venture Capital & Asset Management) founded by Chairman Park Hyeon-Joo amid the Asian Financial Crisis.
Chairman Park yearned to transform Korean investments:
Long-Term Time Horizon
Investor Education
Investment Diversification
Mirae Asset sought to transform the asset management industry from a fee-based to customer-centric culture.
The majority of household wealth was invested into real estate and fixed income, offering an opening to introduce equity funds.
Korea's First Equity Mutual Fund
1998
At the time, the majority of household wealth was invested into real estate and fixed income. Mirae Asset seized on undervalued Korean companies and introduced equity funds to investors.
Beyond Asset Management: Mirae Asset Financial Group
1999 - present
Mirae Asset continued to seize business opportunities in different financial areas.
Mirae Asset Securities was established with the founding principle of sustainable competitiveness in customer wealth Management.
Mirae Asset entered the life insurance industry in 2005 by acquiring SK Life Insurance, further bolstering its capabilities with the additional acquisition of PCA Life in 2017.
Formation of the Biggest Securities Player in Korea
2016
Mirae Asset is chosen as the preferred bidder to acquire KDB Daewoo Securities / Asset Management, giving birth to Mirae Asset Daewoo.
Growth of Assets Under Management of Mirae Asset Global Investments
Mirae Asset Financial Group
Mirae Asset Daewoo
229 billion
Wealth Management
Investment Banking
Brokerage Services
Mirae Asset Global Investments
122 billion
Mutual Funds / SMAs
ETFs
Alternative Investments
Mirae Asset Life Insurance
38 billion
Life Insurance
Variable Insurance
Retirement Pensions
Global Expansion
Pursuing Growth in Emerging Markets and Beyond
The Leap: Hong Kong Expansion
The firm enters the Hong Kong market to serve global investors with its newfound Asian footprint.
Mirae Asset Global Investments (India)
Mirae Asset breaks into the Indian market and lays the groundwork to manage local onshore equity and fixed income mutual fund products.
Mirae Asset Global Investments (UK)
Mirae Asset establishes a foothold in the European market to distribute the cross-border Mirae Asset Global Discovery Fund (SICAV) as the first offshore fund launched by the firm.
Mirae Asset Global Investments (USA)
Opened to provide clients with access to bottom-up Asian and emerging market strategies. Leveraging our on-the-ground presence, we aim to deliver high-conviction portfolios and quality long-term performance.
Diversified Investment
Extending Portfolio Footprint
Korean Equity Mutual Fund
1998
Mirae Asset launches the first Korean equity mutual fund in the country.
Global Fixed Income Capabilities
2006
Mirae Asset offers first onshore vehicle to access global fixed income markets.
Globally Recognized Asian Investment Excellence
2008 - present
Our competitive product suite of strategies with established track records has been recognized globally by Morningstar, Lipper Fund Awards, and Citywire across multiple domiciles.
The Birth of a Global ETF Brand
2011
Acquisition of Horizons ETFs and BetaShares to form basis of exchange traded fund presence in Canada and Australia, respectively, complementing TIGER ETFs in Korea in addition to Horizons ETFs in Hong Kong and Colombia.
Why Mirae Asset?
Unique Asian Heritage
Founded in Asia, we have expanded our geographical presence to 12 global offices since 1997.
We have become one of the world's largest emerging market equity managers.*
* Source: Investment & Pensions Europe, November 2016
Extensive Research Capabilities
We have over 160 investment professionals based around the world.
Nearly 100 investment professionals in 7 offices across Asia.
Team-based collaborative approach both locally and across regions.
We Live Our Investments
The Mirae Asset investment teams are culturally connected to the Asian and EM story, as opposed to at tempting to interpret it from the reference point of another culture.
Our on-the-ground presence and research coverage truly signify that "We Live Our Investments."
Push into Alternatives
2004 - 2006
Mirae Asset becomes the first Korean asset manager to enter into the alternative investment asset class.
2006
Bold bet into global real estate with investment in Shanghai, China (Mirae Asset Shanghai Tower).
2011 August
Acquired golf brand Titleist by Mirae Asset Private Equity Fund and Fila Korea.
2013 September
Acquired a significant equity position in Coffee Bean & Tea Leaf, US coffee & tea retailer.
2013 August
Acquired Four Seasons Hotel in Sydney.
2015 May
Acquired Fairmont Orchid Hawaii.
2015 November
Acquired Fairmont Hotel in San Francisco, California, USA
Mirae Asset establishes partnership with Korea University for artificial intelligence and launches world's first global equity ETF in Canada and several fund of fund ETF mutual funds in Korea that utilize artificial intelligence as the asset allocation engine.
Fully Diversified Investment Platform
Mirae Asset Global Investments is the group's asset management arm and executes the firm's core passion of investing in emerging markets. We work across our complete product platform to generate the most benefit for our clients across 12 markets globally.
