Bringing you live news and features since 2006 

Citi appointed trustee and custodian of Close’s discretionary funds

RELATED TOPICS​

Citi Global Transaction Services has been appointed trustee and custodian of Close Asset Management UK’s discretionary funds.



The new funds comprise an umbrella unit trust with five sub-funds and were launched with GBP870m assets under management.

The appointment builds on Citi’s existing relationship with Close covering ten funds and total assets under management of over GBP1bn.
 
The new launches also further strengthen the consolidation made by Close in 2009 to appoint Citi as sole trustee and custodian to its UK authorised funds business.

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by