How ß1 works

Warnings: Investment in an index-linked Italian Investment Fund carries the assumption of investment risk due, in particular, to trends in shares comprising the index it intends to track.

Before investing read the Prospectus.

Primary Market
ß1 shares are issued by a variable capital fund based in Ireland, underwritten by Nextra Investment Management Sgr, a Gruppo Intesa fund management company. ß1 sectors are harmonised under EU regulations.

Subscribing from the issuer is normally done by professional brokers, in large amounts and with an amount due made up of:

a basket of shares (q1 ; q2 ; q3 … qn ) that tracks the reference index of the sector

plus a cash component that reflects sector liquidity.

Professional brokers, having “stocked up” with ß1 shares in the primary market, distribute them to the public via sales on the secondary market.

The specific structure described reduces administration to a minimum, allowing a better replication of the index with lower costs.

Secondary Market
For both private and institutional investors, it is easier, more convenient and immediate to buy and sell ß1 shares through purchases and sales on a regulated market that then becomes the main distribution channel for the shares.