New Millennium Sicav first open-end fund issuer on ETFplusFeb 24 2015 - 13:00
- New Millennium Sicav is the first issuer of open-end funds
- 12 funds listed on the new segment of ETFplus
Today the first instruments debut on ETFplus’ segment dedicated to open-end funds: 12 funds of the Luxembourg based issuer Sicav New Millennium, promoted by Banca Finnat. The ETFplus segment opened on 1 December 2014, and is dedicated to open-end UCITS funds, which differ from ETFs.
The listed funds are accessible to all intermediaries that adhere both directly and indirectly to ETFplus. This includes a wide range of institutional and retail investors, who can buy or sell funds daily at a price equal to the NAV of the trading day, which are then calculated and disclosed the following day.
Banca Finnat will be the Appointed Intermediary supporting liquidity, while settlement will take place through Monte Titoli at T+3, according to the single instrument’s settlement calendar.
Silvia Bosoni, Head of Listing on ETFplus, Borsa Italiana, commented:
“Starting from today, it will be possible to buy or sell open-end funds on Borsa Italiana. These products will benefit from the transparency, efficiency and protection that are associated with regulated markets, in compliance with European norms. This is a further step towards trading a complete range of financial instruments through Borsa Italiana’s markets”.
For further information, please contact:
+39 02 7242 6360
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