US asset manager Capital Group has signed a distribution agreement with Fideuram and Sanpaolo Invest for the distribution of its funds in Italy.
Through the deal, Capital Group will distribute three of its sub-funds through Fideuram and Sanpaolo Invest financial advisory networks, bolstering thus its presence in Italy.
The Capital Group New Perspective Fund (Lux), the Capital Group New World Fund (Lux), and the Capital Group Investment Company of America (Lux) are the three sub-funds currently available to Fideuram and Sanpaolo Invest clients.
“The direct distribution agreement of the Capital Group range represents a further and significant step forward in the company’s expansion on the Italian market,” said Capital Group.
Capital Group, which manages $1.7bn in assets, is led in Italy by Vlasta Gregis, Cristina Mazzurana and Paola Pallotta.