In November the offer of mutual funds in Italy grew up with 17 new products, while there were nine new appointments in the asset management industry and related sectors. This is what emerges from the survey conducted through press releases and the media relations activity of main Italian financial companies. Among the new appointments, the new co-head of Italy for Tikehau Capital stands out, while among the funds stands out the battery of ETFs from YourIndex SICAV.
The New Mutual Funds of the month
- Schroders Capital announced the launch in Italy of a new European long-term investment fund (ELTIF), which is added to its current suite of solutions for private clients: the Schroders Capital Semi-Liquid Global Private Equity ELTIF.
- Invesco has launched two ETFs, Invesco EUR Overnight Return Swap UCITS ETF and Invesco USD Overnight Return Swap UCITS ETF. A range of highly liquid money market ETFs, suitable for liquidity management and characterized by a structural advantage that offers the potential for higher returns compared to those typically available in deposit accounts.
- State Street Global Advisors listed a new ETF on the ETFplus market of Borsa Italiana: the SPDR S&P Europe Quality Aristocrats UCITS ETF (Acc). The new ETF replicates the performance of large and medium-cap stocks in Europe.
- Edmond de Rothschild Asset Management announced the launch of EdR SICAV Mission Europe, an equity fund dedicated to companies that contribute to the strategic strengthening of the European Union in the global context.
- Vanguard has listed three new bond ETFs on Borsa Italiana: Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF, Vanguard U.S. Treasury 3-7 Year Bond UCITS ETF and Vanguard U.S. Treasury 7-10 Year Bond UCITS ETF.
- Columbia Threadneedle Investments announced the listing on Deutsche Börse Xetra of the first two active ETFs dedicated to US and European equities – CT QR Series US Equity Active UCITS ETF (QRUS) and CT QR Series European Equity Active UCITS ETF (QREU).
- Jupiter Asset Management announced the launch of the active ETF Jupiter Origin Global Smaller Companies UCITS (JOGS), the company’s second active ETF. Developed in collaboration with the white label specialist HANetf, the product offers flexible and transparent access to the global small-cap segment.
- HANetf officially launched the Future of Defence Screened UCITS ETF, a product that aims to provide exposure to companies that benefit from the increased spending on defense and cyber defense by NATO member countries, applying rigorous selection and screening criteria.
- Banca Generali launched the second version of the LUX IM Global Equity Upside strategy, part of the new family of protected maturity equity funds.
- YourIndex SICAV listed three new ETFs on the ETFplus market of Borsa Italiana: YIS MSCI USA Growth Universal UCITS ETF USD, YIS MSCI Canada Universal UCITS ETF EUR and YIS 1-10 Year EMU Government Bond UCITS ETF EUR.
- Legal & General listed a new equity ETF on the ETFplus market of Borsa Italiana with accumulation and denominated in dollars: L&G Global Quality Dividends UCITS ETF. The benchmark index to which it is linked is the Ftse Developed All Cap Div Growth Qual NT, which is based on a systematic approach to identify those companies capable of generating high dividends.
New Appointments
- Tikehau Capital further strengthened its presence in the Italian market with the appointment of Daniele Germano as new co-head of Italy, with primary responsibility for fundraising.
- L&G appointed Boyang Liu, Elena Cardella and Chirang Pandanya to senior positions within its team dedicated to indices and ETFs. Each of them will work closely with David Barron.
- Ceresio Investors announced the entry of Matteo Bedda in the Corporate Advisory & Investment Banking division, with the role of Senior Manager.
- Banco Desio continues on its path of strengthening its wealth advisory network with the entry of Susanna Zanacca and Andrea Mosconi among the wealth bankers of the institute.
- Crédit Mutuel AM, a management company belonging to La Française, the multi-specialist wealth management division of Crédit Mutuel Alliance Fédérale, announced the appointment of Gabrielle Capron as Senior Analyst within the Credit and ESG Research division.
- Loris Centola, co-head asset management of Belvoir Capital, will be the new chief investment officer of Belvoir’s parent company PKB Bank.
