iM Global Partner today lists the ETF share class of its Italian Opportunities Fund on Euronext Milan (ticker: ITAL). The fund is managed by its Partner DECALIA, a leading active investment management boutique with a 30-year track record in Italian equities.
It’s a first for Italy’s home market. Today, iM Global Partner (iMGP) and DECALIA SA list the iMGP Italian Opportunities R EUR UCITS ETF (ticker: ITAL) on Euronext Milan, the first actively managed Italian-equity UCITS ETF on the exchange, and iMGP’s first listing in Italy. Italian ETF investors are no longer limited to passive strategies: they can now access an active solution of 50 to 70 all-cap Italian stocks, supported by a 30-year track record with a net annualised return of c.9% since inception (16/09/1996)[1].
Sub-manager DECALIA are the specialists behind one of the longest-running active Italian-equity strategies in the market. Lead portfolio manager Alfredo Piacentini has run the strategy since 1985 and the fund since its launch in 1996, and is supported by co-manager Sandro Occhilupo.
What sets the strategy apart is active, high-conviction selection. Where a passive tracker simply mirrors an index dominated by a few of the largest names, DECALIA chooses stocks on their fundamentals and takes deliberate, meaningful positions across the full Italian market. The ETF share class extends access to the same strategy and investment process within a daily-tradable, transparent wrapper and eligible for regular savings plans (PAC) for the first time.
[1] As of 30/04/2026, performance for Class C EUR, net of fees
This is a marketing communication. It is not a binding contractual document or an information document required by law. The information contained in this document does not constitute an offer or recommendation to buy or sell units of the fund and is not sufficient to make an investment decision. Please refer to the fund’s prospectus and KID/KIID before making any final investment decision. These documents, containing full information on the risks associated with the investment, as well as a summary of investor’s rights, are available in English on www.imgp.com or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg. The investment concerns the acquisition of units or shares in a fund and not in a given underlying asset. Investing puts your capital at risk. The Fund invests in equities and is exposed to equity-market risk; as a single-country fund concentrated on Italy, it is subject to country-concentration risk and to the political, economic and market risks specific to that market; and its exposure to small- and mid-cap companies may entail greater liquidity and volatility risk. Investors may not recoup all or part of the amount initially invested. Past performance does not predict future returns; performance is shown net of fees in the share-class currency and, where applicable, may be affected by exchange-rate fluctuations. More information on www.imgp.com
The UCITS ETF Shares which are purchased on the Secondary Market cannot usually be redeemed directly from iMGP. Such Shares are normally bought and sold on the Secondary Market with the assistance of an intermediary (e.g. a stockbroker or other investment broker) and investors may incur fees for doing so. In addition, investors may pay more (receive less) than the current NAV per Share when purchasing (selling) the UCITS ETF Shares on the Secondary Market.
A list of the Fund’s portfolio holdings as of the end of each month will be made available on www.imgp.com daily, and as required by the Relevant Stock Exchanges. Where applicable, the Indicative NAV per Share (as defined in the Prospectus) will be made available at the Registered Office and will be obtainable through the Relevant Stock Exchanges.