U.S. asset management firm, Next Investment, is planning to unveil an ETF based on the Nikkei average in the U.S. The fund, based on the Japanese equity index, the Nikkei 225, will list either on the NYSE Arca or the Nasdaq. The product will be launched in partnership with Mitsubishi UFJ Asset Management and Mitsubishi UFJ Morgan Stanley Securities, adds Nikkei. The Mitsubishi group firms will give management know-how and Nikkei index data.
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