Headquarters of Mirae Asset Group, the parent company of Mirae Asset Global Investments in downtown Seoul / Courtesy of Mirae Asset Global Investments

Mirae Asset Global Investments said Thursday that the spot gold exchange-traded fund (ETF) operated by its subsidiary, Global X Australia, surpassed $2.5 billion in net assets.

The milestone comes as gold is gaining increasing attention as a safe-haven asset amid heightened geopolitical tensions and economic uncertainties worldwide, particularly due to the second Donald Trump administration.

Mirae Asset Global Investments, the asset management arm of Mirae Asset Financial Group, said that Global X Physical Gold has become increasingly popular among Australian investors since its debut in the ETF market in 2003.

An ETF is a basket of securities, including stocks, bonds, currencies or commodities, that can be bought and sold in a single trade.

Global X Physical Gold was the firm's first ETF tied to the gold spot price. It was launched by Global X Australia's predecessor, ETF Securities.

"The achievement concerning Global X Physical Gold signifies Mirae Asset Global Investments' successful investment for gold in the global ETF market," the Seoul-headquartered company said.

Kim Young-hwan, who leads innovation and global business at Mirae Asset Global Investments, said Global X Physical Gold is especially crucial for strategic reasons in the current geopolitical climate.

"Gold is certainly consolidating its status (as) a strategic asset alongside the U.S. dollar, and Mirae Asset Global Investments will be committed to leveraging its expertise in managing various gold investment ETFs worldwide," Kim said.

The company said that the success of Global X Physical Gold reflects a growing demand for commodity-based ETFs in the Australian ETF market.

"Investors seek to diversify their portfolios and mitigate risks associated with market volatility," the company said.

In addition to gold, Global X Australia has built a reputation as in the country's spot commodity ETF market in silver, palladium and platinum.