Mirae Asset Expands ETF Business with Completion of Global X Acquisition

Mirae Asset Global Investments today announced that it has completed the previously announced acquisition of Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs) with $10.1 billion in assets under management (AUM). In partnering with Mirae Asset, Global X gains access to the resources and reach of a large, global financial institution, which will allow for Global X to continue to develop its thematic, income, and international ETF solutions, while expanding distribution capabilities. The day-to-day operations of the Global X business will not change, and the organization will maintain the Global X brand.