Daiwa Securities Group completed the acquisition of a minority stake in Global X Management Company for $120m.

Daiwa Securities Group, a major Japanese financial holding company, primarily focused on securities-related businesses, completed the acquisition of a minority stake Global X Management Company, an investment firm known for its Global X-branded exchange-traded funds, for $120m. "The collaboration with Global X is an important step in providing Japanese investors with the types of truly innovative investment products that suit their needs. We’re excited to utilize this investment as fuel to further deliver upon the promise to meet our clients’ always evolving needs," Akihiko Ogino, Daiwa Securities Group Senior Executive Managing Director.