Investlinx, a newly established investment manager, writes that it is the first company in Europe to offer ETFs that provide actively managed portfolios investing directly in both equity and fixed income securities without reference to any benchmark index, bringing the benefits of active and diversified portfolio management at the cost of ETFs for the first time in Europe.
Founded by Mario Bonaccorso, a long-time Exor senior executive, and led by CEO Matteo Solfanelli, Investlinx will list its first two ETFs on the Italian Stock Exchange on Monday, February 27th.
Both ETFs are actively managed without reference to any benchmark index and offer global, diversified portfolios of listed equities and bonds: an allocation fund, of which approximately half of the portfolio is invested in fixed income securities and half in equity securities, and a fund which primarily invests in equities of leading global companies. Investlinx ETFs have a total expense ratio more than 35 per cent lower than comparable funds distributed in Europe, the firm says.
Investlinx also offers discretionary portfolio management and investment advisory services on an individual basis to institutional clients in the European Union (EU) in accordance with EU cross border passporting regulations.
Investlinx’s medium-term objective is to list its ETFs in other European stock exchanges and expand its products offering by launching new funds that will meet a diverse set of return objectives and risk appetites for investors.
Investlinx was founded by Bonaccorso, who has more than 20 years of international experience in the investment management industry. Prior to founding Investlinx, Bonaccorso worked at Exor N.V. for 15 years, serving as Managing Director of Investments and as Executive Vice President and Chief Financial Officer of PartnerRe.
Solfanelli serves as CEO of Investlinx and has 15 years of professional experience in Azimut, one of the largest Italian investment management companies, serving as Head of Investments in Ireland and previously as Equity Analyst and Portfolio Manager of Azimut Investments in Luxembourg.
Exor N.V. is a minority shareholder of Investlinx and has also invested its own capital in the two Investlinx ETFs.
Mario Bonaccorso, Founder of Investlinx, says: “Investlinx brings a distinctive offering in wealth management in Europe, allowing investors to broaden their investment options through global and diversified portfolios available for purchase as ETFs. We offer our clients investment knowledge and expertise built over several years to provide quality portfolios at competitive costs. I am delighted to have Exor as a partner, and I would like to thank Exor for believing in our project.”
Matteo Solfanelli, CEO of Investlinx adds: “ETFs are simple and cost-effective instruments but are currently used primarily as passive or thematic funds. With Investlinx, investors will benefit from diversified actively-managed portfolios managed through ETFs. By providing portfolios which meet different investors’ return objectives and risk appetites, we aim to generate attractive returns over time while preserving investors’ capital”.