Banca Generali Acquires 75% of Investlinx to Expand Active ETF Business

Banca Generali has acquired a 75% stake in active investment boutique Investlinx, marking a strategic expansion into Europe's growing active ETF market. Founded in 2021 by former Exor executive Mario Bonaccorso, Investlinx operates an Irish-domiciled ETF platform backed by Exor, which provided seed capital for its initial funds. The acquisition builds on an existing partnership between the two firms, which launched the Investlinx Intermonte Valore Italia Active PIR UCITS ETF earlier this year, supported by €100 million in seed capital from Banca Generali. The bank reportedly plans to introduce lower tracking error active ETFs alongside Investlinx's existing high-conviction strategies. The move represents a separate initiative from sister company Generali Investments, which launched its own active ETF platform earlier in 2026.