The agreement will give investors access to a wide range of Amundi ETFs with zero trading fees on buy orders and no minimum investment.
Investors will also have zero trading fees on the bank’s ‘Fineco Replay’ savings plan, which allows for scheduled automatic investments over time with no minimum investment amount and into multiple ETFs.
Arnaud Llinas (pictured), head of ETF, indexing and smart beta at Amundi, said: “Investors across Europe are increasingly looking for diversified and cost-effective digital investment tools, and ETFs meet this need.
“This partnership with Fineco facilitates investors' access to a full range of ETFs and further demonstrates our ongoing commitment to providing investors with solutions in line with their expectations.”
Paolo Di Grazia, deputy general manager and head of global business at FinecoBank, added: “This initiative confirms our commitment to providing our customers diversified, cost-effective and efficient solutions.”
ETF issuers in Europe are looking to expand their offering across the Italian market which they have earmarked as a key growth area on the continent.
Currently, issuers must distribute their ETFs via an Italian banking platform to sell their products to the wider market.
Similar deals have been made in recent months, including Franklin Templeton’s partnership with Italian trading platform Directa, giving access to 19 ETFs within the firm’s LibertyShares range.
In April, robo-adviser Scalable Capital launched in Italy, giving investors access to its commission-free trading platform, savings plans and crypto investments.
Last month, Fineco’s asset management arm announced its entry into the European ETF market with the launch of the Fineco AM MSCI ACWI IMI Cyber Security UCITS ETF (FAMMAI) and the Fineco AM MSCI World Semiconductors and Semiconductor Equipment UCITS ETF (FAMMWS).