New Listing

Fineco AM expands thematic ETF range with five launches

AI and clean energy ETFs are among the new launches

Theo Andrew

a man in a suit

Fineco Asset Management has expanded its range of ETFs to 16 with the launch of five products including artificial intelligence and clean energy strategies, ETF Stream can reveal.

The ETFs – which include four thematics and a Japanese equity fund – all track MarketVector indices and are listed on the Euronext Milan with total expense ratios (TERs) of 0.38%.

The five ETFs are:

  • Fineco AM MarketVector Artificial Intelligence ESG UCITS ETF (ARTIN)

  • Fineco AM MarketVector Bioproduction Tech & Tools ESG UCITS ETF (BIOPRA)

  • Fineco AM MarketVector Global Clean Energy Transition ESG UCITS ETF (EMOVE)

  • Fineco AM MarketVector Global Metaverse & e-Games ESG UCITS ETF (METAAH)

  • Fineco AM MarketVector Japan Quality Tilt ESG UCITS ETF (JPMQ)

Fineco AM developed the theme selections in-house before working with MarketVectors to construct the indices.

The four thematic indices are primarily revenue-based, with only companies that generate at least 50% of their revenues from each theme eligible for inclusion.

Stocks are also required to have a market cap of at least $150m and a three-month average-daily-trading volume of at least $1m.

Meanwhile, JPMQ tracks the performance of the largest 500 listed companies in Japan with certain “quality-related factors and ESG criteria”.

The launches mark the first expansion of the Italian asset manager’s product range since it entered the European market with 11 ETFs – five equity and six fixed income ETFs – in October last year.

Speaking to ETF Stream, Irina Bevza, portfolio manager at Fineco AM, said the decision to expand its thematics range was due to growing demand from retail investors.

The firm currently runs two thematic ETFs, the Fineco AM MSCI ACWI IMI Cyber Security UCITS ETF (FAMMAI) and the Fineco AM MSCI World Semiconductors and Semiconductor Equipment UCITS ETF (FAMMWS).

“What we learned from those launches is there was a lot of interest in thematic ETFs,” she said. “Our cybersecurity ETF was attracting a lot of interest from retail investors, so we realised the thematic space was an interesting place for us.”

Fineco AM said it will look to distribute the ETFs to its network of financial advisers as well as targeting retail investors who want to “invest in straightforward and cost-effective instruments”.

The Italian issuer has roughly €325m assets under management across its ETF range, as at the end of September.

“Flows have been coming from both institutional and retail investors but we want to focus more on the retail side to try and make it [our range] more appealing to them.”

Commenting on the launch, Fabio Melisso (pictured), CEO of Fineco AM, said: “Just over a year since the launch of our first ETFs on the Italian Stock Exchange, we have decided to take a further step in expanding our range.

“The new ETFs we present today allow diversified exposure to sectors of the global economy experiencing strong growth potential while also maintaining a focus on sustainability themes that are attracting increasing interest from investors.”

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