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)