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Next ETFs files exemptive application for new ETFs


Next ETFs, a wholly-owned subsidiary of Next Investments, intends to sponsor a new series of exchange-traded funds and has filed, through its counsel Katten Muchin Rosenman, an application with the SEC for exemptive relief under the 1940 Act. 

Next ETFs intends that its first fund will be based on the Nikkei 225 Index, the Japanese equity benchmark comprising 225 liquid stocks in the first section of the Tokyo Stock Exchange. 

Next Investments, through an arrangement with Mitsubishi UFJ Asset Management, has been granted an exclusive license to establish the only US Nikkei 225 ETF.

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