Amundi has launched a new Italian PIR tax ETF (ITALI) which will list in Paris in August. The 2017 Italian budget allowed Italian savers who invest in Italian companies to receive to receive a full income and capital gains tax exemption, so long as they stay invested for more than five years. This follows the Lyxor MID Cap (PIR) (ITAMID) launched earlier this year, anticipate a significant number of ETFs to be launched to take advantage of this during 2017.
Vanguard has cross-listed its Canada tracker into Berlin (VAA2). VAA2 tracks the FTSE Canada Index, which is made up mostly of Canadian banks. Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and Bank of Montreal together make up roughly 25% of the fund.