In the bustling world of Canadian finance, Mirae Asset Global Investments’ Canadian subsidiary, Horizons ETFs, achieved a noteworthy milestone. This success story began in November 2011 when Mirae Asset took the reins.

And has seen Horizons ETFs grow their assets under management to an impressive 30 billion Canadian dollars. The transformation from a modest CA$3 billion to a staggering CA$30.5 billion (approximately US$22.8 billion) is a testament to the company’s strategic vision and market acumen.

Horizons ETFs has expanded its portfolio significantly during this period. Originally offering 70 products, they now boast a diverse range of 121, catering to various investor needs and preferences.

The Canadian ETF Market: A Thriving Arena

Canada’s standing in the global ETF market is formidable, just behind the United States and Europe. According to ETFGI, a leading research and consultancy firm, the Canadian ETF market was valued at around CA$401 billion in November, with over 1,100 products listed. This vibrant market is largely dominated by major banks’ affiliated managers, who collectively hold more than half the market share.

In this competitive landscape, Horizons ETFs has emerged as a key player, ranking as the fourth-largest ETF manager in Canada by assets under management. This achievement is particularly noteworthy given the dominance of bank-affiliated managers and the presence of major international players like Vanguard, the largest asset manager in the United States.

The Vision for Future Growth

Under the leadership of President Kim Young-hwan, Mirae Asset Global Investments is committed to furthering its impact in the Canadian ETF market. Recognizing Canada’s status as a high-potential global market, the firm aims to introduce innovative and competitive products tailored to local investors’ specific needs.

President Kim’s strategy underscores the importance of understanding and adapting to the unique characteristics of the Canadian market. His focus on aligning product offerings with investor demand is poised to drive Horizons ETFs’ continued growth and success in this dynamic financial arena.

Conclusion: A Bright Future Ahead

The remarkable journey of Horizons ETFs, from a modest player in the Canadian ETF market to becoming its fourth-largest manager, is a story of strategic growth, market understanding, and innovation. With an eye on the future and a commitment to meeting the evolving needs of investors, Horizons ETFs is well-positioned to continue its trajectory of success in the thriving Canadian ETF landscape.

Source: https://www.businesskorea.co.kr/news/articleView.html?idxno=209405