First fundamental ETF on Italian equity market

Borsa Italiana welcomes 1 new ETF listed on the Open-end Index Funds - class 2 segment of ETFplus market issued by PowerShares Global Fund Ireland Public Ltd Company: "PowerShares FTSE RAFI Italy 30 Fund".

The investment target of the new ETF is to mirror the performance of the FTSE RAFI Italy 30 which consists of 30 Italian equities with the highest fundamental value.
FTSE Rafi (Research Affiliates Fundamental Index) are indices composed by stocks which are selected by using four fundamental factors: sales, cash flow, book value, dividends.  The weighting factor used in the index calculation is derived by dividing the RAFI fundamental value of each company (calculated using  the above mentioned factors) by its free-float adjusted market capitalisation.

The total expense ratio of the ETFs in equal to 0,75%.

Please download the relevant public notice:
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