New ETF Filing, New ETF Provider

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Next ETFs LLC, a wholly-owned subsidiary of Next Investments, announced its intention to sponsor a new series of exchange traded funds (ETFs) and filed an application with the SEC for exemptive relief under the 1940 Act earlier today.

An ETF tracking the Nikkei 225 Index, the foremost Japanese equity benchmark, will be the provider’s first launch, reports PR NewsWire. [Asia Pacific ETFs A Good Bet In Down Market?]

Next Investments, through an arrangement with Mitsubishi UFJ Asset Management Co., Ltd., has been granted an exclusive license to establish the only U.S. Nikkei 225 ETF. [What A Strong Yen Means.]

Tisha Guerrero contributed to this article.