Citi Investor Service appointed ETF custodian of Fullgoal’s first Hong Kong ETF

ETF average daily turnover in Southbound Stock Connect reached HK$3.9b in 2025.

Citi Investor Service has been appointed as trustee, custodian, and administrator for the The Fullgoal Hang Seng HK High Dividend ETF, the first Hong Kong-domiciled exchange traded fund (ETF) of Fullgoal Asset Management (HK).

This marks Fullgoal’s entry in the Hong Kong ETF market, according to a press release on 31 March 2026.

In 2025, ETF average daily turnover in the Southbound and Northbound Stock Connect—the mutual market access program linking the Hong Kong Stock Exchange with the bourses in Shanghai and Shenzhen—reached HK$3.9b and RMB3.4b, respectively, up 61.7% and 72.1% year-on-year (YoY).

Fullgoal Asset Management (HK) is the Hong Kong unit of Shanghai-headquartered Fullgoal Fund Management. The group manages over $286b in assets under management (AUM).

Citi Investor Service has approximately $31t in assets under custody and administration, and a network spanning over 60 markets, it said.