Amundi expands its ETF business in Italy

Fund manager Amundi is set to expand its ETF business in Italy after signing an agreement with Italian bank and broker FinecoBank.

No fees will be charged on buy orders and with no minimum investment, the two firms said.

Paolo Di Grazia, deputy general manager and head of global business at FinecoBank, said: “Investors will have access to a broad product range from a leading ETF provider, widening the investment opportunities in all asset classes on our open-architecture platform”.

The move will allow Fineco’s Italian clients to access a wide selection of ETFs from Amundi, which include ESG, climate, thematic and fixed income strategies.