Mirae Asset targets global ETF buildout

Mirae Asset Global Investments is setting out to expand its exchange-traded fund (ETF) business globally into the US, Latin America and South Asia. The move falls in line with a push by Korea’s Financial Services Commission (FSC) to create greater investor choice. At present, 80% of locally listed ETFs track the Korea Exchange, but only a sprinkling link to overseas benchmarks. Mirae Asset already boasts 130 ETFs worldwide, with the highest number of products listed in Korea at …