Amundi and FinecoBank sign agreement to offer Italian investors ETFs with zero trading fees on buy-orders

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European ETF issuer Amundi and FinTech bank and broker FinecoBank have signed an agreement that allows Fineco’s Italian clients holding a current account and a securities deposit to access a wide selection of ETFs from Amundi (labelled Amundi or Lyxor) without trading fees on buyorders and with no minimum investment.

The firms write that demand for ETFs has steadily grown over recent years among all types of investors. Retail investors are expected to further drive the growth of the European ETF industry in the coming years as ETFs are highly valued for their cost efficiency, diversification and transparency.

The firms involved writes that this initiative among two industry leaders allows investors to buy a selection of ETFs from Amundi without being charged a trading fee for both single orders and for orders as part of the "Fineco Replay" Saving Plan, which allows for scheduled automatic investments over time, with no minimum amount, into one or more ETFs.

This partnership allows investors to access one of the largest ETF ranges available on the market, which includes some of the most in-demand strategies specifically ESG, Climate, Thematics, and Fixed Income.

Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, says: “Investors across Europe are increasingly looking for diversified and cost-effective digital investment tools, and ETFs meet this need. This partnership with Fineco facilitates investors' access to a full range of ETFs and further demonstrates our ongoing commitment to providing investors with solutions in line with their expectations”.

 

Paolo Di Grazia, Deputy General Manager and Head of Global Business at FinecoBank, says: “This initiative confirms our commitment to providing our customers diversified, cost-effective and efficient solutions. Investors will have access to a broad product range from a leading ETF provider, widening the investment opportunities in all asset classes on our open-architecture platform”.

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