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EntrepreneurShares appoints Cit to provide ETF, custody and fund administration services for its first exchange traded fund

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Citi has been appointed by EntrepreneurShares to provide full ETF Services including fund accounting and administration, custody, and transfer agency for its inaugural ETF fund (ENTR).

Headquartered in Boston, MA, EntrepreneurShares has created a rules-based methodology that selects publically-traded entrepreneurial companies and applies this criteria to their selection process.
 
“Citi’s strategic approach to ETFs was a core factor in our choice,” says Joel Shulman, Founder & Managing Director for EntrepreneurShares, “Their strong commitment to provide services for the ETF industry is impressive and supports our growth plans.”
 
“We are very pleased to be chosen by EntrepreneurShares to support their ETF servicing needs. This mandate demonstrates Citi’s commitment to the ETF space as we continue to optimise and isaysnvest in our ETF talent and technology across all our markets and securities services businesses,” said Dominic J Crowe, Global Head of Product Strategy for Citi’s Custody and Fund Services.
 
EntrepreneurShares has developed a proprietary investment model that incorporates both quantitative and qualitative criteria. The investment model utilises extensive academic research created by Professor Joel Shulman.

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