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ARTICLE · 18 APRIL 2016

Listing And Trading UCITS On Borsa

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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In late 2014, Borsa Italiana opened a new market specifically for trading open ended UCITS funds.

European UnionFinance and Banking
Tara O'Callaghan
Tara O'Callaghan
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In late 2014, Borsa Italiana opened a new market specifically for trading open ended UCITS funds. In the first year, over 100 funds from 16 issuers have been listed and actively trade on the market. This new market has opened up a new distribution channel for UCITS selling into Italy. Dillon Eustace has already listed a number of UCITS funds for its clients on Borsa Italiana and we expect further interest as the market develops.

How does the market work?

  • The market is set up as a separate segment of the ETF-plus market - the "ETF plus Open-ended CIUs Segment".
  • The Fund contracts with a single appointed intermediary (the "AI") which undertakes to match orders and execute any buy/sell imbalance on any trading day.

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