Source has listed 26 exchange-traded funds on Borsa Italiana, providing Italian investors with access to a wide range of equity and fixed income markets.
This is Source’s largest-ever single-day launch in terms of the number of ETFs listed on any exchange and illustrates the strength of demand for ETFs in Italy.
“Last year, ETFs attracted EUR5.66 billion of assets in Italy, more than 31 per cent of total European flows,” says Pietro Poletto, head of ETF and fixed income markets at London Stock Exchange Group. “Demand remains strong in 2014, with ETFs listed on the Borsa Italiana reaching EUR31.3 billion of assets, with a net inflow of more than EUR5 billion year to date. As an exchange, we are committed to developing access to the fast-growing ETF market, and Source’s listings give Italian investors access to additional areas of the market and new investment strategies.”
“For Italy, we have chosen a range of funds to meet investors’ demand, including the first actively managed fixed income ETF in Europe as well as a selection of ‘smart beta’ strategies and our range of US equity sector ETFs, all of which enable investors to gain more targeted exposure to specific areas of the market,” says Stefano Caleffi, director – Italy coverage. “These are in addition to pure passive exposure to traditional indices, such as the Source S&P 500 UCITS ETF, which has an annual management fee of just 0.05 per cent, providing a very low cost solution for gaining exposure to one of the most widely followed indices in the world.”