Industry Updates

Amundi exploits the PIR tax

David Tuckwell

A daily roundup of new ETF listings from around the world.

Amundi has launched a new Italian PIR tax ETF (ITALI) which will list in Paris in August. The 2017 Italian budget allowed Italian savers who invest in Italian companies to receive to receive a full income and capital gains tax exemption, so long as they stay invested for more than five years. This follows the Lyxor MID Cap (PIR) (ITAMID) launched earlier this year, anticipate a significant number of ETFs to be launched to take advantage of this during 2017.


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