Source’s ground-breaking launch on Borsa Italiana

Source announce the listing of 26 funds on Borsa Italiana, providing Italian investors access to a wide range of equity and fixed income markets. This is Source’s largest-ever single-day launch in terms of the number of ETFs listed on any exchange and illustrates the strength of demand for ETFs in Italy….

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    “Last year, ETFs attracted €5.66 billion of assets in Italy, more than 31% of total European flows,” said Pietro Poletto, Head of ETF and Fixed Income Markets at London Stock Exchange Group (1). “Demand remains strong in 2014, with ETFs listed on the Borsa Italiana reaching €31.3 billion of assets, with a net inflow of more than €5 billion year to date. As an exchange, we are committed to developing access to the fast-growing ETF market, and Source’s listings give Italian investors access to additional areas of the market and new investment strategies.”

    “Interest in ETFs has been growing rapidly in Europe over the past few years,” says Ted Hood, Chief Executive Officer at Source, “and Italy has been leading the way. Borsa Italiana is top among European exchanges in the number of trades executed and is second in turnover. Italy is an important market for Source, and we have recently expanded our coverage team, hiring experienced individuals who can focus on the needs of investors in the advisory and private bank communities.

    “For Italy, we have chosen a range of funds to meet investors’ demand, including the first actively managed fixed income ETF in Europe as well as a selection of ‘smart beta’ strategies and our range of US equity sector ETFs, all of which enable investors to gain more targeted exposure to specific areas of the market” adds Stefano Caleffi, Director – Italy coverage. “These are in addition to pure passive exposure to traditional indices, such as the Source S&P 500 UCITS ETF, which has an annual management fee of just 0.05%, providing a very low cost solution for gaining exposure to one of the most widely followed indices in the world.”

    1 Borsa Italiana is part of the London Stock Exchange Group