FTSE Russell picks 22 groups for new 'Italia Brands' index

Piquadro SpA

11/12/2017 16:06

MILAN, Dec 11 (Reuters) - Index provider FTSE Russell said 
on Monday it had selected 22 groups listed on the Milan bourse 
to create a new index, aimed at investors betting on performance 
of Italy's top-tier brands. 
    The so-called FTSE Italia Brands will include carmakers Fiat 
Chrysler  FCHA.MI  and Ferrari  RACE.MI , eyewear specialist 
Luxottica Group  LUX.MI , food and beverage groups Autogrill 
 AGL.MI  and Campari  CPRI.MI  and six fashion firms, including  
luxury outerwear maker Moncler  MONC.MI . 
    Firms characterised by "creativity, entrepreneurship and 
innovation", such as tyre maker Pirelli  PIRC.MI  and sport 
appliance company Technogym  TGYM.MI , will also be part of the 
new index, the index provider said in a statement. 
    The new index will start trading on the Milan bourse on Dec. 
18, it said.  
 
 (Reporting by Francesca Landini; Editing by Adrian Croft) 
 ((francesca.landini@thomsonreuters.com; +39 02 66129437; 
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net)) 
 
Keywords: ITALY BOURSE/NEW INDEX