Amundi and FinecoBank Launch Zero-Fee ETF Access in Italy

Amundi and FinecoBank sign agreement to offer Italian investors ETFs with zero trading fees on buy-orders

Amundi, the largest European asset manager and leading European ETF provider^[1], and FinecoBank, a leading FinTech bank and broker in Europe, have signed an agreement that allows Fineco’s Italian clients holding a current account and a securities deposit to access a wide selection of ETFs from Amundi (labelled Amundi or Lyxor) without trading fees on buy-orders and with no minimum investment^[2].

Demand for ETFs has steadily grown over recent years among all types of investors. Retail investors are expected to further drive the growth of the European ETF industry in the coming years as ETFs are highly valued for their cost efficiency, diversification and transparency.

This initiative among two industry leaders allows investors to buy a selection of ETFs from Amundi without being charged a trading fee for both single orders and for orders as part of the "Fineco Replay" Saving Plan, which allows for scheduled automatic investments over time, with no minimum amount, into one or more ETFs^[3].

This partnership allows investors to access one of the largest ETF ranges available on the market, which includes some of the most in-demand strategies specifically ESG, Climate, Thematics, and Fixed Income.

Arnaud Linas

Head of ETF, Indexing & Smart Beta at Amundi

Investors across Europe are increasingly looking for diversified and cost-effective digital investment tools, and ETFs meet this need. This partnership with Fineco facilitates investors' access to a full range of ETFs and further demonstrates our ongoing commitment to providing investors with solutions in line with their expectations

Paolo Di Grazia

Deputy General Manager and Head of Global Business at FinecoBank

This initiative confirms our commitment to providing our customers diversified, cost-effective and efficient solutions. 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

Source: Amundi, as at 30/06/2022.
The agreement only applies to trading fees on buy-orders. It does not concern other charges, as for example the ongoing charges which represent the charges taken from the fund over a year.
Further information are available at this link, in Italian.