An electronic board celebrates Horizons ETFs for reaching 30 billion Canadian dollars in assets under management.MIRAE Asset Global Investment
Assets managed by Mirae Asset Global Investments' Canadian subsidiary surpassed 30 billion Canadian dollars ($22.4 billion) to become the fourth largest asset management operator in the country, said Mirae on Thursday.
Horizons ETFs, which offers exchange-traded funds (ETFs), was acquired by Mirae in November 2011.
Mirae said Horizons ETFs' assets under management have jumped ninefold since it was acquired.
Canada's ETF market stood at $296 billion in November last year. Some 1,100 ETFs are traded in the country.
Mirae Asset Global Investments is Korea's second-largest ETF operator after Samsung Asset Management.
![An electronic board celebrates Horizons ETFs for reaching 30 billion Canadian dollars in assets under management. [MIRAE Asset Global Investment]](https://image.koreajoongangdaily.com/10234790.webp?imageId=10234790&width=960&height=540&format=jpg)
