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Partnership between CheBanca! and Capital Group

March 31, 2021


Abstract : The bank owned by the Mediobanca Group could provide to its customers some of the excellences of Capital Group's funds, one of the oldest and largest US management companies worldwide.

MILAN, March 29 (Class Editori) -- A new agreement has been signed between CheBanca! and Capital Group. The partnership between the Italian bank owned by Mediobanca Group and the US investment company implies that Che Banca! will provide to its customers all the range of Capital Group's funds allowed in Italy.

These funds also include some excellences as the global stock New Perspective, the worldwide balanced fund Global Allocation and the high yield global fund Global High Income Opportunities together with four additional target funds based on award-winning strategies already existing in the US.

Founded in the US in 1931 and become one of the largest independent asset management companies in the world with over 2,300 billion dollars under management, Capital Group will make available to the customers of the Italian bank the funds of the current MSCI Index.

"CheBanca! is a very dynamic company that, over the years, has dedicated itself to meeting the needs of nearly 900,000 customers," Matteo Astolfi, Managing Director of Capital Group, highlighted. "This agreement is a further step towards our goal of building lasting partnerships with leading companies like CheBanca! in order to meet the growing needs of investors in Italy. We believe that Capital Group's funds can help CheBanca!'s customers achieve their long-term investment goals".

Mediobanca's share price in the Italian Stock Exchange in Milan is currently down 0.27% at 9.464 euros. (All rights reserved)

(Source:Class Editori)

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Keyword: CheBanca! Capital Group

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