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Komfie Manalo, Opalesque Asia:

Mirae Asset Global Investments, the asset management business of Mirae Asset Financial Group, one of Asia's largest independent financial companies with $400bn in assets, has entered into a definitive agreement with Global X Management Company to fully acquire its exchange-traded funds (ETFs) business.

With the deal, Mirae Asset will add an anchor presence in the United States to its existing ETF businesses in Canada (Horizons), Australia (BetaShares) and Asia (Tiger ETF). With $30 billion in assets under management as of January 31, 2018, the combination of these ETF businesses represents not only one of the fastest growing ETF management companies in the industry, but also one with a truly global ETF footprint.

"I am incredibly proud of what the team at Global X has been able to achieve over the last 10 years," said Bruno del Ama, co-founder of Global X. "Mirae Asset was only founded 10 years before Global X, and their entrepreneurial and client-centric culture has helped them build a remarkable institution. I could not be more delighted to find a partner such as Mirae Asset to bring this business to its next stage of its growth. I believe this partnership will be a tremendous opportunity for Global X, Mirae Asset's global ETF business and for investors in our funds, both domestically and internationally."

Partnering with Mirae Asset would give Global X access to the......................

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