Citigroup Says Securities Services To Continue To Enhance ETF Servicing Capabilities And Integrated Global Markets Offering; Growth Drivers For Securities Services Include Shift From Mutual Funds To ETFs; Securities Services Execution Priorities Include Deepening Capabilities And Data Services For Global Asset Managers And Asset Owners
Portfolio Pulse from Benzinga Newsdesk
Citigroup announced plans to enhance its ETF servicing capabilities and integrated global markets offering. The growth drivers for its securities services include a shift from mutual funds to ETFs. The company aims to deepen its capabilities and data services for global asset managers and asset owners.
June 18, 2024 | 12:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup plans to enhance its ETF servicing capabilities and integrated global markets offering, driven by a shift from mutual funds to ETFs. This strategic move aims to deepen capabilities and data services for global asset managers and asset owners.
Citigroup's focus on enhancing ETF servicing and global markets offering aligns with the growing trend of shifting from mutual funds to ETFs. This strategic move is likely to attract more business from global asset managers and asset owners, potentially boosting revenues and stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100