Italy's 40 biggest companies
This fund holds the 40 largest companies on the Italian stock market, such as Ferrari, Enel and UniCredit. It is a focused way to invest in Italy. Dividends are reinvested automatically.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Rare accumulating Italy option
- Reinvests dividends for you
- Holds famous names like Ferrari
- Small fund, under 30m euros
- Higher 0.35% yearly fee
- Only listed in Milan
About this fund
The fund tracks the FTSE MIB index, the main benchmark of the Italian stock market covering its 40 largest and most traded companies. It uses full physical replication and is managed by Amundi. This accumulating share class launched in 2021 and trades primarily on Borsa Italiana in Milan.
Available on Interactive Brokers
Low-cost access to Italy's 40 biggest companies and 10,000+ funds worldwide.
Frequently asked questions
Is MIBA.MI accumulating or distributing?
Amundi FTSE MIB UCITS ETF Acc (MIBA.MI) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for MIBA.MI?
MIBA.MI has a total expense ratio (TER) of 0.35% per year. On a $10,000 holding that is roughly $35 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy MIBA.MI on Interactive Brokers?
Yes. MIBA.MI trades on Borsa Italiana, EUR and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does MIBA.MI invest in?
Amundi FTSE MIB UCITS ETF Acc (MIBA.MI) tracks the FTSE MIB. This fund holds the 40 largest companies on the Italian stock market, such as Ferrari, Enel and UniCredit. You buy one fund and get the whole basket in a single trade.
Is MIBA.MI a UCITS ETF, and where is it domiciled?
Yes, MIBA.MI is a UCITS ETF domiciled in France. For non-US investors, EU-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is MIBA.MI?
On the TickerCompare 1 to 5 scale, MIBA.MI is rated higher risk (4/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.