Citi has been appointed by Samsung Asset Management (Hong Kong) Limited to provide custody, fund administration and trustee services for the first pure real estate investment trusts (REITs) ETF to be set up and listed in Hong Kong. Samsung launched its S&P High Dividend APAC ex NZ REITs ETF on the Hong Kong Stock Exchange on October 15. Citi already provides Samsung with fund administration services for several of its ETFs in South Korea.
