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Press release
L&G’s "All-Cap-All-Market" Multifactor-Equity ETF lists in Italy
ETF aims to give investors easy access to Gerd Kommer's "world portfolio concept".
15 Apr 2025
Full press release
L&G today announces the listing of the L&G Gerd Kommer Multifactor Equity UCITS ETF on stock exchange Borsa Italiana. The introduction of the ETF to the Italian market marks an important milestone for L&G as the firm continues to expand its presence in continental Europe and internationally.
The fund’s investment strategy and underlying index were developed in close cooperation between L&G and German asset manager Gerd Kommer Invest. Initially launched in June 2023 and listed on stock exchanges in Germany and Switzerland, the ETF’s assets under management have now grown to €560 Million1.
The fund aims to provide a “one stop” core solution for investors seeking access to a diversified investment equity strategy, and a significant part of the inflows were driven by investors who choose to invest via regular monthly savings, rather than one off lump sums.
The ETF is characterised by the following features:
- Innovative approach to country weighting: Individual countries’ weights are determined based on their market capitalisation as well as their economic output (GDP). This lowers the weight of the US market relative to the weight in most other global equity ETFs.
- "All-Cap-All-Market": The ETF will invest in both developed and emerging markets, covering the entire investable universe including small, mid, and large caps.
- Multifactor Investing: Increased exposure to five established factor premia specifically Low Size, Value, Quality, Low Investment, and Momentum.
The underlying Solactive index consists of around 5,000 individual companies which undergo a systematic rebalancing process on a quarterly basis. Every company in the index is capped at 1%, underscoring the fully diversified approach.
The L&G Gerd Kommer Multifactor Equity UCITS ETF is based on the philosophy of Dr. Gerd Kommer’s so-called “world portfolio concept,” which aims to minimise the influence of emotional reactions on investment decisions and pursues a scientific, rules-based approach instead, based on a set of well-established research insights and long-term empirical data sets.
Giancarlo Sandrin, Country Head – Southern Europe, Asset Management, L&G: “Following the successful launch of this ETF in other European markets we are pleased to now be able to give Italian investors access to this diversified strategy. Gerd Kommer’s investment philosophy, combined with our extensive experience in the development and distribution of ETFs, have led to a product that we think will appeal to Italian investors seeking easy access to a well-diversified equity investment strategy.”
Dr. Gerd Kommer, CEO, Gerd Kommer Invest: “Having seen strong interest from German, Austrian and Swiss clients since the ETF launch in 2023, we are excited to now also introduce the fund in the Italian market. I am pleased with our collaboration with L&G. We believe this ETF will allow investors to cover their equity allocation in one convenient single product that has a number of smart features that no other competing ETF possesses.”
References
1L&G ETF Book, 27/03/2024.
Further information
