Fideuram Asset Management Ireland chooses Clearstream’s ICSDplus issuance model for Luxembourg ETFs
Fideuram Asset Management Ireland, part of Fideuram - Intesa Sanpaolo Private Banking, Italy’s largest private bank, has entered the European ETF market and chosen Clearstream’s ICSDplus issuance model to launch three equity and three bond ETFs on its D-X Platform.
Fideuram has also chosen State Street Global Advisors to manage the D-X ETF platform and State Street Investment Services for all its administrative services, including ETF settlements.
The ICSDplus issuance model is one of Clearstream’s proven solutions for ETF issuance, powered by Clearstream’s Central Facility for Funds, and tailored to different needs of ETF issuers. It services ETFs issued within the pan-European settlement platform TARGET2-Securities (T2S) and outside of T2S. By using this model, ETF issuers, their administrators and market participants can leverage direct setup and connectivity through Clearstream’s ICSD, facilitating efficient issuance, trading and post-trade activity. Centralisation of securities within the ICSD market reduces costs and post-trade fragmentation.