Citi supports Global X ETF launch

Citi has been appointed by Global X ETFs, part of Mirae Asset Financial Group, to service Hong Kong’s first covered call ETFs. Mirae manages assets of >USD535bn and has over 575 ETFs globally with USD109bn AuM. Global X ETFs has launched the Global X HSI Components Covered Call Active ETF and Global X HSCEI Components Covered Call Active ETF.

Citi will provide support including trustee, custody, fund accounting and ETF servicing. The presence of options in the ETF basket requires additional servicing requirements that Citi will provide through ACES, its global platform that automates the entire ETF process.

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