M&G Italy and Fideuram sign distribution agreement
M&G Investments has signed a distribution agreement with Fideuram – Intesa Sanpaolo Private Banking, which will make its funds available to Fideuram and Sanpaolo Invest networks’ clients.
The agreement targets Fideuram’s retail clients through its 5,000 strong adviser network, having already obtained access to the bank’s discretionary and unit linked clients.
The M&G funds which will be made available to Fideuram’s clients are its bond and multi asset funds. Among the 11 funds included in the deal are the M&G Income Allocation, M&G Dynamic Allocation and M&G Prudent Allocation funds.
Matteo Astolfi, country head of Italy for M&G and Paolo Molesini, CEO of Fideuram said both companies will benefit from the agreement as well as Fideuram’s clients, who will have access to a greater fund range than before.