A Bedminister, New Jersey-based firm is setting its sights on the exchange-traded fund market. Next ETFs LLC yesterday filed an application for exemptive relief with the SEC. [SEC filing]

Next ETFs, a subsidiary of Next Investments, is planning to launch an ETF based on the Nikkei 225 Index. Through a deal with Mitsubishi UFJ Asset Management, Next ETFs has an exclusive license to set up the only US Nikkei 225 ETF. 

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