Italy’s Fineco to sign new distribution agreements
Italy’s FinecoBank, part of UniCredit group, is set to include funds branded by Meridian Asset Management and Legg Mason to its platform ‘fund center’.
Speaking to the Italian press, chief executive Alessandro Foti added that other distribution agreements with international asset managers will be signed over the next weeks.
At the end of Q3, Fineco posted €1.5bn net inflows, mostly to its advisory services.
The firm recently announced a distribution agreement with East Capital, according to which Fineco will distribute two equity emerging market funds: East Capital (Lux) Russian Fund and East Capital (Lux) Eastern European Fund.
Fineco’s funds platform offers more than 4,000 funds managed by 60 asset managers.