After being acquired by Mirae Asset and its subsidiary Global X earlier this year, ETF Securities Australia has announced that it has now rebranded to Global X ETFs. The listed products offered by ETF Securities will be renamed as part of the rebrand; however, Mirae Asset and Global X said this will have no material impact on the structure of the funds. According to the two firms, the international recognition of Global X, which has a network of over one million clients across 95 countries, was at the heart of the decision to rebrand.
“Australia is a focus market for Mirae Asset and I’m delighted to see the business scale in the region,” said Mirae Asset Financial Group founder and global investment strategy officer, Park Hyeon-joo. “Mirae Asset is extremely committed to its industry-leading ETF businesses and I’m proud to welcome ETF Securities to the Global X brand as it perfectly aligns with our dedication to the sector and to our investors.” The acquisition of ETF Securities was announced in June and was said to have provided Mirae Asset and Global X with the opportunity to add instant scale to the Australian market.
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