Mirae Asset expands robo-advisor pension access amid global ETF growth

  • Mirae Asset added its securities app as a subscription channel for its robo-advisor retirement-pension service.
  • Mirae Asset Global Investments managed 782 ETFs with 384 trillion Korean won in net assets as of the 9th of this month.
  • Mirae Asset Securities’ robo-advisor accounts reached 141,381 at end-July, up 42% from last year-end.

Mirae Asset is expanding automated portfolio management for retirement pensions while scaling its global exchange-traded fund business. Mirae Asset Global Investments managed 782 ETFs with 384 trillion Korean won in net assets across South Korea, the U.S., Canada, Australia, India, Japan and other regions as of the 9th of this month. Global X US surpassed $100 billion in net assets, rising from 8 trillion Korean won at its 2018 acquisition to about 150 trillion won, while Global X EU recorded a 223% compound annual growth rate over five years. Mirae Asset Securities added its app as a subscription channel for the robo-advisor retirement pension service, whose four algorithms support retirement planning, investor-specific returns, diversification and income. Separately, Mirae Asset Securities reported 141,381 robo-advisor accounts at the end of July, up 42% from the end of last year, with evaluated assets rising 46% to 8.3413 trillion Korean won. Industry experts expect robo-advisors to become more useful for retirement pensions because those assets require consistent long-term management.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.