DWS has signed an agreement with FinecoBank to allow the bank’s customers to invest in its ETFs with zero fees.
The partnership enables the bank’s Italian securities account holders to invest in equity and fixed income DWS ETFs listed on the Borsa Italiana – including recently launched target maturity ETFs – with no purchase fees or minimum investment amount.
Investors can buy the ETFs either as single orders or scheduled orders, through ‘Fineco Replay’, a savings plan which allows investors to make automatic investments on a regular basis.
Mauro Giangrande, head of Xtrackers sales EMEA south at DWS, commented: “This partnership will allow all Fineco's clients to invest in DWS ETFs, also through accumulation plans (PAC), without any trading costs.
“We are confident that this opportunity will give a further boost to the diffusion of our instruments to the retail public through one of the most important digital channels.”
Romuldo Guidi, head of products and services at Fineco, added: "This is an initiative that further broadens access to Fineco's open platform, which is constantly being improved to allow a wide choice of the best investment solutions available on the market.
“Our objective remains that of opening up the possibilities offered by asset management to an ever-wider audience of savers, focusing on maximum transparency and efficiency.”
The agreement expands DWS’s reach in Italy with its ETFs now available on five digital platforms in the country.
It comes within a month of the firm partnering to offer its ETFs to Italian investors on BG Saxo’s online platform.
The German asset manager now operates 22 such distribution partnerships across Europe.
