Amundi, the largest European asset manager and leading European ETF provider, 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.
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.
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”.
- ^ 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.
Head of Amundi's ETF, Indexing and Smart Beta Business line
Arnaud Llinas is Head of ETF, Indexing & Smart Beta Business line at Amundi since January 2022. Arnaud Llinas has been Head of Lyxor ETF division since 2013. Before that[...]Read more
Amundi, the leading European asset manager, ranking among the top 10 global players, 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. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets.
With its six international investment hubs, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
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