Industry Updates

Vanguard signals Italian retail ETF push with Directa tie-up

Vanguard's first ETF partnership with an Italian brokerage

Lauren Gibbons

Marco Tabanella

Vanguard has partnered with Directa SIM to offer its Italian-exchange-listed ETFs on the brokerage’s platform in a bid to capitalise on the growing popularity of ETFs among retail investors in the region.

The partnership will see Vanguard ETFs listed on Borsa Italiana made available to Directa's 80,000-strong customer base.

Directa said purchase orders of €2,500 will be available on a commission-free basis.

The ETFs on offer include the Vanguard FTSE All World UCITS ETF (VWRL) and its suite of Life Strategy multi-asset.

Marco Tabanella (pictured), head of intermediary retail and strategic accounts at Vanguard Italy, said: “We acknowledge ETFs are becoming more and more popular products among retail investors across Europe. Investors are using ETFs on digital platforms as preferred building blocks for their asset allocation, within model portfolio services or savings plans.

“Therefore, we decided to explore this market in Italy by starting a collaboration with Directa, an established player in the ETF brokerage area.”

Vanguard now joins AXA IM, Franklin Templeton, DWS, Legal & General Investment Management (LGIM), which have all made recent pushes into the Italian retail market through partnerships with local trading platforms.

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