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Daiwa Securities Group to form ETF joint venture with U.S.’s Global X

  • September 10, 2019
  • , Nikkei , p. 7
  • JMH Translation

Daiwa Securities Group announced on Sept. 9 that it will establish a joint venture specialized in the handling of exchange-traded funds (ETFs) with U.S. asset management company Global X Management. The joint venture will be called “Global X Japan.” Daiwa Securities Group and Daiwa Asset Management will together own a 50% stake in the joint venture, and Global X Management will hold the remaining 50% stake. The company is to be capitalized at five billion yen. (Abridged)


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