Capital Group and Italy’s Banca Ifigest have signed a strategic agreement enabling Capital Group to distribute a range of funds to Italian retail investors through Banca Ifigest’s online mutual fund supermarket, Fundstore.it.
A selection of Capital Group’s developed equity, emerging market multi-asset and high-yield strategies will be available through the platform, with no subscription, redemption or switching fees.
Grant Leon, senior vice president at Capital Group, said: “Italy is one of the priority markets for our European distribution strategy. Working with Banca Ifigest and Fundstore.it further enhances our expanding distribution network in Italy, where we are now working with four high quality – and complementary – distribution partners.
Simone Calamai, CEO of Fundstore.it adds: “The agreement will allow Fundstore to provide a wider audience of investors with the opportunity to access Capital Group’s expertise as a global leader in investment management through a selection of its high quality funds. Thanks to our relationships with skilled asset managers and high quality products, Fundstore is growing exponentially over the years.”