The headquarters of Mirae Asset Group, the parent company of Mirae Asset Global Investments, in central Seoul (Mirae Asset Securities)
The headquarters of Mirae Asset Group, the parent company of Mirae Asset Global Investments, in central Seoul (Mirae Asset Securities)

The spot gold exchange-traded fund operated by Global X Australia has garnered over $2.5 billion (3.6 trillion won) in net assets, backed by rising demand for the safe-haven precious metal, Mirae Asset Global Investments announced Wednesday.

Global X Physical Gold is a spot gold ETF operated by Global X Australia under South Korea's leading asset manager, Mirae Asset Global Investments. Launched in 2003 by then-ETF Securities, the fund was the first ETF tied to the gold spot price.

Global X Physical Gold has broadened access to gold investing in the global ETF market, Mirae Asset Global Investments said in a press release.

Though the yellow metal, when held as a physical asset, is considered to have limited liquidity due to the costs of transportation and custody, the ETF has enabled convenient and low-cost gold investing.

With US President Donald Trump’s tariff policies kicking in, the price of gold has soared in recent months to a record high, appreciating as a safe-haven asset that can hedge against uncertainties.

Betting on the steady growth of the asset, Mirae Asset Global Investments offers a wide lineup of gold-linked ETFs across the US, Canada and India. Global X Gold Yield is a covered-call ETF and Global X Gold Producers offers exposure to companies involved in the gold mining industry.

"With the ongoing geopolitical tension sparked by the US-China tariff war, gold has been maintaining its presence as a strategic asset along with the US dollar, which is a key currency," said Kim Young-hwan, head of the innovation and global management division at Mirae Asset Global Investments.

"Based on know-how in operating diverse gold-linked ETFs around the world, Mirae Asset will continue to offer new investment opportunities to global investors."

Meanwhile, the asset manager highlighted Global X Australia is a big name in the country's spot commody ETF market. Apart from Global X Physical Gold, the asset manager also operates Global X Physical Silver and Global X Precious Metals Basket, tied to gold, silver, palladium and platinum.

By Im Eun-byel (silverstar@heraldcorp.com)