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

Milano, Metropolitan City of Milan, Italy,

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 Llinas, Head of ETF, Indexing & Smart Beta at Amundi, said: “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, adds: “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”.

Footnotes

 

  1. ^ Source: Amundi, as at 30/06/2022.
  2. ^ 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.
  3. ^ Further information are available at this link, in Italian.
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About Amundi

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets[3].

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com    

 

Footnotes

 

  1. Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021
  2. Boston, Dublin, London, Milan, Paris and Tokyo
  3. Amundi data including Lyxor as at 30/06/2022

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