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".
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:
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
Notes to editors
Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
L&G's Asset Management business is a major global investor across public and private markets, with £1.1 trillion in total assets under management (as at HY25) of which c. 43% (c. £0.5 trillion) is international. Our clients include individual savers, pension scheme members and global institutions.
We provide investment solutions from index-tracking and active funds to liquidity and liability-based risk management strategies.
Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. This reflects L&G’s purpose: ‘Investing for the long term. Our futures depend on it.