State Street and L&G Expand Italy Retail ETF Distribution

State Street Investment Management and Legal & General have broadened their reach in Italy through new brokerage partnerships offering commission-free ETF trading. SSIM will make more than 60 ETFs available on Directa SIM, while L&G is listing 39 ETFs on Moneyfarm’s Conto Titoli platform, with many also eligible for ETF savings plans. The moves reflect growing competition for Italy’s expanding retail ETF market, where issuers are increasingly using brokerage partnerships and savings plans to attract long-term investors as ETF adoption accelerates across Europe.