Citi Appointed by Tuttle Tactical Management to Provide ETF Fund Services for its Trend Aggregation Family of ETFs
May 12 2020 - 08:00AM
Business Wire
Citi has been appointed by Tuttle Tactical Management to provide
full ETF Services for its new Trend Aggregation family of ETFs: the
Trend Aggregation US ETF (CBOE: TAEQ), Trend Aggregation ESG ETF
(CBOE: TEGS), Trend Aggregation Dividend Stock ETF (NYSE: TADS),
and Trend Aggregation Aggressive Growth ETF (NYSE; TAAG). Citi
services include basket creation, fund accounting and
administration, custody, fund compliance, and transfer agency
services.
“Citi’s holistic approach and innovative ETF platform were core
factors in our choice of service providers. We look forward to
expanding our strategic partnership with Citi as we execute our
future growth plans,” said Matt Tuttle, CEO/CIO of Tuttle Tactical
Management.
“We are very pleased to support Tuttle Tactical Management in
their ETF servicing needs. Citi is committed to providing
end-to-end ETF solutions for innovative asset managers like Tuttle
Tactical as we continue to invest in ETF capabilities across our
Markets and Securities Services businesses,” said Dominic Crowe,
North America Head of Citi’s Custody and Fund Services.
This new business expands Citi’s existing relationship with
Tuttle Tactical Management where it has provided fund services to
the Belpointe Asset Management Tactical Income ETF (NYSE: TBND),
which is sub-advised by Tuttle, since its launch in June 2019.
Headquartered in Greenwich, Connecticut, Tuttle Tactical
Management has developed a proprietary multi-dimensional trend
aggregation process that determines investment weightings. This
involves combining methodologies that have different uncorrelated
return streams, such as intermediate-term momentum and short-term
countertrend strategies, with the goal of adapting to perform well
in all types of market environments.
With over $23.7 trillion of assets under custody and
administration and the industry-leading proprietary custody network
spanning 62 markets, Citi’s Custody and Funds Services business
provides clients with in-depth local market expertise, advanced
processing technologies and a wide range of fund services that can
be tailored to meet clients’ needs.
Citi, 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.
Additional information may be found at http://www.citigroup.com
| Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog:
http://blog.citigroup.com/| Facebook: http://www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi.
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