Mirae to replace Samsung as Korea's top ETF provider

Seoul-based Mirae Asset will become Korea’s biggest issuer of exchange-traded funds, and the fourth biggest in Asia-Pacific ex-Japan, following its purchase of 85% of Canada’s BetaPro Management for C$127.5 million ($131.5 million). BetaPro and its subsidiary AlphaPro Management manage the Horizons series of ETFs, the biggest ETF range in Canada, with more than 70 ETFs listed on the Toronto Stock Exchange and C$3 billion ($3.1 billion) in assets under management. Mirae Asset’s T…