Mirae Asset India to bring Global X ETFs to India soon

Mirae Asset Investment Managers India has announced that it is planning to offer its Global X ETF (owned by Mirae Asset Global Investments) products to Indian investors. Global X ETFs is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. Mirae Asset India is now planning to offer the Global X ETF to investors.

Mirae Asset's total Global ETF AUM across 10 countries has crossed the Rs 6.3 trillion or approximately US$ 84 bn mark, making Mirae Asset the 14th largest ETF provider in the world. According to the press release, Mirae Asset India aims to offer its global ETF arm, Global X’s product via Fund of Fund Product to enhance innovative product lines in overseas Fund of Fund (FoF). Global X ETFs have innovative themes such as Electric Vehicles (EV), Artificial Intelligence (AI), Block chain etc.

In the past few months, Mirae Asset India has launched many new passive thematic funds like Nifty 100 ESG Sector Leaders Index, Nifty Financial Services Index, Nifty Manufacturing Index, NYSE Fang+ Index and S&P 500 Top 50 Index in India.