This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Citi Appointed By Mirae Asset To Provide Fund Administration And Custody Services For Its US-listed Exchange Traded Funds

Citi has been appointed by Mirae Asset to provide fund administration, custody and index receipt services for a new ETF platform in the US under the Horizons brand. The first ETF, the Horizons S&P 500® Covered Call ETF (“HSPX”) launched on June 24, 2013 and will be followed by a series of sector ETFs.

“We have a long-standing relationship with Citi and we knew we could rely on their expertise and global model to provide valuable insight across transactional services and trading,” said Taeyong Lee, President of Mirae Asset Global Investments’ Global Business Unit.

Citi OpenInvestor sm currently provides services to eleven ETF managers in nine countries around the world. Citi supports both active and passive ETFs across multiple asset classes, offering custody, administration, index receipt agent, liquidity, as well as primary and secondary market trading through Citigroup Global Markets Inc. Citi focuses on delivering solutions across the ETF manager’s complete value-chain: from drawing board to trading to IPO and back and middle office.

“We are pleased to expand our global relationship with Mirae Asset and support them in the launch of their first ETF in the US,” said Chandresh Iyer, Managing Director, Citi Investor Services. “Our ETF servicing solution for Mirae Asset is a testimonial to the power of Citi’s global network and expertise for global asset managers seeking to expand their product and geographic footprint.”

Citi OpenInvestor SM is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With an on-the-ground presence in over 95 countries, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs.

About Mirae Asset Global Investments ( www.MiraeAsset.com)

Mirae Asset Global Investments is a global investment management firm with offices located in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the United Kingdom, the United States and Vietnam. With approximately 560 employees, the firm manages over $57 billion in assets globally through a diversified platform to offer market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies, including real estate, private equity and hedge funds.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,068.44 -45.10 -0.26%
S&P 500 1,987.36 +3.83 0.19%
NASDAQ 4,474.6830 +18.6670 0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs