Custodians are seeing new demands from asset managers clients that have shifted their investment strategies to ETFs.
The launch of the ETFs follows the successful issuance of its ETF products, in partnership with Euroclear, in the US and Canada.
Citi will provide Victory Capital with full ETF services including custody and fund administration services.
HKEx is planning to introduce ETFs into the Stock Connect link as part of its expansion plans.
Euroclear will provide clearing and settlement services for the ICBC ETF.
State Street Global Advisors (SSGA) has made 40 SPDR ETFs available on Euroclear’s FundSettle fund processing platform including its range of 29 Sector ETFs.