Mirae Asset Global Investments’ AUM tops $288 bn as global push pays off

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Mirae Asset Global Investments’ AUM tops $288 bn as global push pays off - Korea Economic Daily

Quick Summary:

Park once said, “AI will significantly lower fees for investment products and enhance asset allocation efficiency.” “Don’t get hung up on global expansion strategies – AI is the global business.”Designating robo-advisors as a future growth driver, Mirae Asset Global Investments plans to develop innovative products powered by AI.

As part of the plan, the Korean financial group aims to enhance synergies across affiliates by leveraging its three main hubs – its AI unit WealthSpot in New York, its robo-advisor unit Stockspot in Australia and its Indian unit, Mirae Asset Capital Markets (India) Pvt., established in 2018.

Mirae Asset Global Investments Co.now manages more than 400 trillion won ($288 billion) in assets for the first time following a slew of overseas mergers and acquisitions in over two decades since its first global venture.