Global X ETFs has surpassed $7 billion in assets under management (AUM) and is on its way to achieving its objective of $10 billion in AUM by the end of 2025.
After its acquisition by Global X, a subsidiary of Mirae Asset, in June 2022, ETF Securities Australia underwent a rebranding to Global X ETFs later in the year.
Since establishing itself under the new banner in September 2022, the ETF provider has expressed intentions to further expand its market share in the future.
Namely, 18 months after first entering the Australian market, Global X declared its intention to chase down local competitors in a bid to reach $10 billion in AUM by the end 2025.
On the back of its continued growth, Global X ETFs has expanded its local research team with the appointment of Billy Leung to the role of investment strategist.
Leung brings a decade of specialised experience in Hong Kong/China markets to the role, with a focus on the technology sector.
Most recently, he served as an equity analyst at global market maker Optiver, and before this, was the director of equity research for five years at Haitong International, Hong Kong.
Commenting on Leung’s appointment, chief executive Evan Metcalf said that growth across the business was the key priority moving into 2024.
“We are thrilled to have Billy Leung join Global X as an investment strategist. Technology will be his area of expertise, elevating our ability to provide insights to our local clients and offer specialised ETFs. He also brings a refined understanding of the industry from both buy-side and sell-side roles,” Metcalf said.
“Billy’s appointment is timely given the technology sector has been responsible for outsized returns and has been a rich vein of product development. Global X is dedicated to our innovative thematic ETFs and Leung’s appointment is a testament to that.”
Metcalf clarified that tech-tilted and thematic ETFs have seen strong inflows as Australian investors gear their portfolios towards growth-orientated assets.
“Subsequently, our AUM has surpassed $7 billion and we will continue to execute on intelligent strategies to facilitate further growth.”
Leung added: “I’m looking forward to joining the team during an exciting time of growth and innovation in the ETF market.
“With an extensive career rooted in data analytics and comprehensive research, I’m excited to be able to leverage the robust resources and capabilities at Global X to deliver real client value.”
