Capital Group signs distribution agreement in Italy

Italy under scrutinyInvestment manager Capital Group has signed a distribution agreement with Banca Ifigest enabling the firm to distribute a wide range of funds to Italian retail investors through Banca Ifigest’s online mutual fund market, Fundstore. A range of Capital Group’s products are now available in Italy, including its developed equity, emerging market, multi-asset and high yield strategies. Using the online platform, there are no subscription, redemption or switching fees. Fundstore is the only online funds supermarket in Italy and offers over 150 asset managers and more than 6,000 mutual funds and Sicavs. “Our agreement with Banca Ifigest will provide opportunities for a broader range of Italian retail investors – who are seeking income, long-term growth, low volatility and risk diversification – to select Capital Group funds aligned with their risk and return objective,” says Grant Leon, senior vice president at Capital Group. Capital Group has over $1 trillion (€920 billion) in assets under management. ©2015 funds europe

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