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Citi appointed by UCITS compliant Umbrella Fund

25 May 2010

Citi appointed as Central Correspondent Agent for ComStage ETF in France

Citigroup’s Global Transaction Services business today announced that it has been appointed by ComStage ETF SICAV, a UCITS compliant Umbrella Fund distributed and promoted by the German –based Commerzbank AG, to act as Central Correspondent Agent , for Exchange Traded Fund (ETF) instruments in France.

As per the...


 

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What will UCITS IV mean to the market?

It will increase economies of scale and reduce costs for UCITS investors
34%
It will provide more choice, transparency and investor protection
17%
It will encourage the consolidation of funds
17%
It will result in a push by firms to domicile in a single location as opposed to multiple
17%
No real effect at all
14%