Citi Investor Services has been appointed trustee, custodian and ETF administrator for Fullgoal Asset Management’s first Hong Kong-listed ETF, according to Citi.
The Fullgoal Hang Seng HK High Dividend ETF has been listed on the Hong Kong Stock Exchange, marking Fullgoal’s entry into the local ETF market.
The mandate gives Citi responsibility across several post-trade functions, including custody, administration and trustee services, alongside support for primary dealing and market making.
Fullgoal said it chose Citi for its “end-to-end ETF services across primary dealing, market making, trustee, custodian and ETF administration”, which it expects to support the operation of the fund.
Growing ETF flows
The launch comes as ETF activity in Hong Kong increases, including through the ETF Connect programme linking mainland China and Hong Kong. The companies point to higher trading volumes in both southbound and northbound channels in 2025.
Citi said the appointment reflects continued demand for ETF servicing as asset managers expand product offerings in the region.
