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Finance

Japan's Daiwa invests $120m in US ETF provider Global X

Brokerage looks to boost lineup of thematic funds in Asia

A Tokyo branch of Daiwa Securities, Japan's second-largest brokerage.   © Reuters

TOKYO -- Daiwa Securities Group, the parent of Japan's second-largest brokerage, will invest $120 million in Global X, a U.S.-based issuer of exchange-traded funds, with an eye to developing themed ETFs for Japanese investors.

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