iShares teams up with Banco Popolare for unit linked
Italy’s Banco Popolare has joined forces with iShares to launch Smart Brand 2.0, a unit linked managed by iShares.
The unit linked was designed by Dublin based Lawrence Life, of which Banco Popolare owns a share, and invests 45% of its capital in iShares ETFs and 55% in actively managed funds and government and corporate bonds.
The launch of Smart Brand 2.0 is part of Banco Popolare’s decision to expand its product range to ETFs as “efficient, simple and accessible” products.
Emanuele Bellingeri (pictured), iShares Italy country head, said: “We are very pleased with this new collaboration with Banco Popolare and Lawrence Life as it shows a large scale interest in ETFs.”