{"id":401692,"date":"2020-12-17T08:02:20","date_gmt":"2020-12-17T13:02:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401692"},"modified":"2020-12-17T08:02:20","modified_gmt":"2020-12-17T13:02:20","slug":"citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\/","title":{"rendered":"Citi Expands ETF Services with Support of First Actively Managed SPAC ETF"},"content":{"rendered":"

<\/p>\n

Citi Expands ETF Services with Support of First Actively Managed SPAC ETF<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCiti has expanded its ETF Fund Services franchise with its support of the first actively managed Special Purpose Acquisition Company (SPAC) ETF from Tuttle Tactical Management, the SPAC and New Issue ETF (NYSE:SPCX) launched on December 16. Citi provides fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund.\n<\/p>\n

\n\u201cCiti\u2019s holistic approach to ETF services and number one rank in SPAC underwriting in 2020 were deciding factors in our choice of Citi to support this launch,\u201d said Matthew Tuttle, CEO and CIO of Tuttle Tactical Management. \u201cWe are pleased to expand our strategic relationship with Citi as we grow our business.\u201d\n<\/p>\n

\nThe SPAC and New Issue ETF gives individual investors exposure to an actively managed portfolio of holdings in the fast-growing SPAC asset class, in addition to holdings of traditional initial public offerings. SPCX offers investors a broad portfolio of SPACs within the liquid and tax-efficient wrapper of an ETF.\n<\/p>\n

\n\u201cWe are very pleased to support Tuttle Tactical Management in the launch of this pioneering new fund,\u201d said Dominic Crowe, Citi\u2019s North America Head of Citi\u2019s Custody and Fund Services. \u201cCiti is committed to providing market leading ETF solutions for innovative asset managers like Tuttle, as we bring to bear Citi\u2019s full capabilities across our Markets and Securities Services businesses.\u201d\n<\/p>\n

\nThis new launch expands Citi\u2019s existing relationship with Tuttle Tactical Management for whom it provides full ETF services for its Trend Aggregation family of ETFs.\n<\/p>\n

\nWith over $24.9 trillion1<\/sup> of assets under custody and administration and the industry-leading proprietary network spanning over 60 markets, Citi Securities Services provides clients with in-depth local market expertise, advanced processing technologies and a wide range of custody and fund services that can be tailored to meet clients\u2019 needs.\n<\/p>\n

\nCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.\n<\/p>\n

\nAdditional information may be found at http:\/\/www.citigroup.com<\/a> | Twitter: @Citi | YouTube: http:\/\/www.youtube.com\/citi<\/a> | Blog: http:\/\/blog.citigroup.com\/<\/a>| Facebook: http:\/\/www.facebook.com\/citi<\/a> | LinkedIn: www.linkedin.com\/company\/citi<\/a>.\n<\/p>\n

\n_________________________________
\n
1<\/sup>As of Q3 2020<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217005080\/en\/<\/a><\/span><\/p>\n

\nMedia: Scott Helfman +1 212-816-9241\n<\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Citi Expands ETF Services with Support of First Actively Managed SPAC ETF NEW YORK–(BUSINESS WIRE)– Citi has expanded its ETF Fund Services franchise with its support of the first actively managed Special Purpose Acquisition Company (SPAC) ETF from Tuttle Tactical Management, the SPAC and New Issue ETF (NYSE:SPCX) launched on December 16. Citi provides fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund. \u201cCiti\u2019s holistic approach to ETF services and number one rank in SPAC underwriting in 2020 were deciding factors in our choice of Citi to support this launch,\u201d said Matthew Tuttle, CEO and CIO of Tuttle Tactical Management. \u201cWe are pleased to expand our strategic relationship with Citi as … <\/p>\n

Continue reading “Citi Expands ETF Services with Support of First Actively Managed SPAC ETF”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401692","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Expands ETF Services with Support of First Actively Managed SPAC ETF - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Expands ETF Services with Support of First Actively Managed SPAC ETF - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Expands ETF Services with Support of First Actively Managed SPAC ETF NEW YORK–(BUSINESS WIRE)– Citi has expanded its ETF Fund Services franchise with its support of the first actively managed Special Purpose Acquisition Company (SPAC) ETF from Tuttle Tactical Management, the SPAC and New Issue ETF (NYSE:SPCX) launched on December 16. Citi provides fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund. \u201cCiti\u2019s holistic approach to ETF services and number one rank in SPAC underwriting in 2020 were deciding factors in our choice of Citi to support this launch,\u201d said Matthew Tuttle, CEO and CIO of Tuttle Tactical Management. \u201cWe are pleased to expand our strategic relationship with Citi as … Continue reading "Citi Expands ETF Services with Support of First Actively Managed SPAC ETF"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T13:02:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201217005080r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Citi Expands ETF Services with Support of First Actively Managed SPAC ETF\",\"datePublished\":\"2020-12-17T13:02:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\\\/\"},\"wordCount\":445,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201217005080r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-expands-etf-services-with-support-of-first-actively-managed-spac-etf\\\/\",\"name\":\"Citi Expands ETF Services with Support of First Actively Managed SPAC ETF - 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