Co-founder of Affari Miei
January 25, 2024
What are the Italian mutual investment funds? Is it worth investing in these tools for your goal or not?
If you are interested in learning more about the vast world of mutual funds and above all you are interested in better understanding what Italian mutual funds are and whether they can be a suitable tool for your strategythen all you have to do is continue reading this article.
We will try to see together all the characteristics of these funds and, above all, we will have the opportunity to review them all Italian mutual investment funds.
Let’s start!
This article talks about:
A few words about mutual funds
First of all, let’s start with a quick overview of the tool itself.
I mutual investment funds they are collective savings investment organizations that collect savers’ money and entrust its management to an asset management company, the SGR, which has the objective of investing that money on the securities market.
This is a solution suitable for investors who want to subscribe to investments that are in line with their financial and risk profile, and above all that can give them a return consistent with their expectations.
There’s a manager which deals with the investment: for this very reason they are called actively managed funds, because it is the manager who operates independently and makes the best investment decisions so that the fund can achieve the objective agreed with the investor himself.
When the money has been raised from subscribers, each saver will hold a number of shares, and each investor will have the same rights as the others.
If you are interested in seeing which are the best mutual funds, you can learn more here.
These are safe tools since we have the CONSOB to supervise the asset management companies and their correct operation, as well as the Bank of Italy which authorizes the activities of the asset management companies and also supervises the operations of the custodian banks.
Italian mutual investment funds
I Italian mutual investment funds they have their domicile in Italy and are managed by one Italian SGR.
This is, quite simply, what distinguishes mutual funds and classifies them as “Italians”.
However, most Italian savings can also be invested in foreign funds, the SICAV.
In this case we are dealing with Italian or even foreign companies that have their funds domiciled abroad, often in Luxembourg or Ireland, and that market these funds in Italy.
Italian mutual investment funds are safe: are governed by Bank of Italy which supervises and undertakes to control and monitor that everything is carried out according to the rules.
Naturally, each fund is subject to the rules of the country in which it is domiciled; in Italy we have the Bank of Italy which is precisely the Italian authority, while in another country we will have the competent body of that same country.
Italian savers and investors usually opt for mutual investment funds as their tool, precisely because they consider it the best solution to avoid taking responsibility and above all in the case in which they do not consider themselves capable of investing alone or are indeed afraid of making risky or wrong choices.
Differences with foreign funds
As we have seen, the supervisory bodies they protect the safety of the investment and are committed to applying European regulations which are similar for everyone, even if there are some things that may differ from one country to another.
For example, there are differences when it comes to taxation, and also in the calculation of fund performance fees.
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List of Italian mutual investment funds
After having briefly seen what we are talking about, I am sure you are interested in understanding what the Italian mutual investment fundswho offers them and whether they can be a valid investment tool for you.
Let’s start by telling you that most of the SGR in Italy refers to banksand that many banks distribute mutual investment funds, as we will see shortly in our overview.
Soul Funds
Let’s start with Animathe largest independent asset management group in Italy.
Anima Holding it manages a total asset of over 200 billion euros.
It controls the savings company Anima SGR and also Anima Alternative SGR, and its offer is not limited only to mutual investment funds, but also ranges in the sector of supplementary pensions and in that of asset and institutional management.
It was founded in 1983 and has been listed on the stock exchange since 2005.
If you want to learn more, here you will find all the Anima funds you can choose from.
Anima offers equity, bond, flexible, monetary, balanced and sustainable funds.
If you have already subscribed to Anima funds in the past but have realized that your investment is at a loss, Here you will find some indications to try to get the best out of your investment.
Ark funds
Dal 1983 Arca is an independent leader in savings management in Italy, offering a complete range of products and services of absolute excellence.
To date, Arca has 860,000 subscribers and over 8,000 branches and financial promoters.
It is one of the main realities in the panorama of Italian managed savings: this is thanks to the quality of the products offered.
In March 2023 the patrimony held under management by the company was 36 billion euros.
Since 2019 Arca has been part of the BPER Banca banking group.
Arca truly offers a very wide range of mutual investment funds to choose from to develop your strategy.
If you had already invested in Arca funds and now found yourself in a situation that was not entirely satisfactory, you can consult this guide to understand how to solve your problem.
Fondi Azimut
The next Italian company that deals with consultancy and asset management is Azimut Holding: an independent group present in 18 countries around the world, which has a particular focus on emerging and new frontier markets.
It has been offering investment solutions since 1990 and ranks as a global player in asset management, wealth management, investment banking and fintech.
It can count on more than 230,000 customers and has more than 170 managers and analysts ready to bring their experience to the table for your investment.
Since 2004 the company has been listed on the Milan Stock Exchange and the Azimut Holding stock has also entered the index FTSE MIB.
The company has developed to such an extent that it also operates in Asia, America, Australia and the Middle East.
Since Azimut’s offer is truly rich, I advise you to consult here to see what all the funds offered are.
Euromobiliare funds
Euromobiliare Asset Management SGR is an asset management company that belongs to the Credem group.
we is one of the most solid and important banking groups in the Italian and European panorama.
The group was born from the union of Credem Private Banking and Banca Euromobiliare.
Its objective is to strengthen the distinctive positioning towards a consultancy that is broader and addresses the overall assets of clients, also through synergies with all the group companies active in wealth management.
They are aimed at an investor who has financial knowledge and above all important assets to manage: for this reason the investment proposals are taken care of down to the smallest detail and are built on the basis of the specific needs of the customers and according to their objectives.
Here you will find all Euromobiliare funds.
Fund Eurizon
Eurizon it is the company that belongs to Intesa Sanpaolo and specializes in savings management.
It offers a wide range of products and services, and above all mutual investment funds designed for both retail and institutional customers.
The main objective is to enhance customer savings by creating and managing investment solutions that are suited to their needs.
Eurizon is synonymous with reliability, innovation and continuous improvement. The company is able to offer a vast and diversified range of investment solutions with different risk profiles and different time horizons.
The company offers both Italian mutual investment funds, but also Luxembourg funds.
For further information I invite you to consult this article.
Fondi Milan
Mediolanum SGR Fund Management was established in 1982 in Milan.
The company operates in the sector of collective savings management especially distributing mutual funds to its clients.
The company belongs to Mediolanum banking group and offers a range of mutual funds, real estate funds and pension funds.
These products guarantee the completeness of the range of personalized services offered to retail customers through the various commercial networks of the placement entities.
If you are interested in learning more about the topic and are inclined to choose a fund proposed by Mediolanum, I invite you to consult this guide where you will find all the solutions.
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Affari Miei’s opinions on Italian mutual investment funds
We have finished our overview of the Italian mutual investment funds.
Now you may be wondering whether or not it is worth investing in these instruments and including them in an investment strategy.
I can tell you that, in general, all the companies that we just analyzed are safe e watch outso from this point of view obviously you shouldn’t have any doubts.
Now I will try to give you a more specific discussion, referring to the investment toolor mutual investment funds.
These are particular tools, which require extra attention since they have appreciable characteristics but at the same time present critical issues that should not be underestimated.
Being gods actively managed funds you will find a manager who will take care of your investment for you and who will make decisions for you, so you must be inclined to give him carte blanche on your investment.
This solution is suitable for those who do not feel safe and do not want to invest alone due to fear and lack of knowledge.
However, the critical issues are not few and must be analysed:
I costs often high; The little transparency of the investment; The little efficiency of active management which rarely manages to maintain above-average returns.
Personally, I’m not telling you that investing in mutual funds is completely the wrong choice, I’m just inviting you to think in depth about your possible choice.
Not knowing your personal and financial situation, in fact, I cannot tell you whether it is a wrong choice or a correct choice, but I can invite you to improve your financial awareness because in my opinion it is the best step to take in building our financial strategy. ‘investment.
In fact, you will be able to acquire a lot of information about the world of investments and you will become more aware, so you can make the best decisions for you.
In this regard, I leave you with some useful resources to start your journey:
I wish you good continuation here on Affari Miei!
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