ETP News: US ETF provider deploys Citi's prop indices to target institutional market
Pacer ETFs has reached an agreement with Citi to license the bank's proprietary indices for use in Pacer's exchange-traded funds. Under the agreement, Citi will license their proprietary indices to Pacer ETFs, who act as the fund sponsor and will create ETFs to provide institutions with strategy-driven solutions for risk management and long-term growth.
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