(Finance) – From 30 June 2010 to 30 June 2023 the ETFs (acronym for Exchange Traded Funds) went from approximately 5.2 billion euros to 21.3 billion euros, with aimpact on total savings administered retail which, at the last reference date, was around 2%. As regards the main types of instruments of this type, it should be noted that, as of the accounting date of 30 June 2023, 99.4% can be referred to harmonized open-ended EU ETFs. This is what emerges from a focus contained in the latest CONSOB survey on “do-it-yourself” savings, i.e. savings administered by intermediaries on behalf of retail customers.
CONSOB recalls that ETFs are managed savings products, generally traded on regulated markets since the primary market phase, created as low-cost, passive replication instruments of a given benchmark. I am permanently entered the portfolios of Italian investors starting from the early 2000s and, subsequently, we have witnessed the progressive diversification of the types of these products, with the creation of ETFs that present an active management style with respect to the underlying assets to which they are anchored.
The relative weight still low of this asset class, although as mentioned growing in the medium-long term, appears connected to the access methods by customers and to cost structure: these are typically financial instruments traded on their own initiative by investors through the trading platforms made available by intermediaries, characterized by low management fees and the absence of inducements.
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