Amundi launches Italy PIR-compliant ETF

French asset management firm Amundi has listed the Amundi ETF FTSE Italia PIR on Euronext Paris.

The ETF almost fully replicates the FTSE Italia PIR index that includes Italian large, mid- and small caps that remain eligible to the PIR funds’ regulation in Italy (tax-exempt and long-term individual savings plans). Real estate securities are not part of the index.

At least 70% of the ETF will be invested in stocks issued by companies headquartered in Italy or companies of the European economic area being established in Italy (e.g. subsidiaries).

Amundi’s ETF aims to keep a maximum spread of 1% between its net value and that of its benchmark.

Total expense ratio of the ETF is 0.35%.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

preloader
Close Window
View the Magazine





You need to fill all required fields!