Eurizon Capital

What Eurizon Capital does

Eurizon Capital SGR S.p.A. is a Milan-headquartered asset management company founded in 1983 and wholly owned by Intesa Sanpaolo S.p.A. The firm manages more than €300 billion in assets across 300+ fund products spanning equities, fixed income, multi-asset, ESG/sustainability, quantitative, structured, and alternative strategies, distributed primarily through the Intesa Sanpaolo banking network to Italian retail investors and, through dedicated sales teams and foreign subsidiaries, to institutional clients across Europe and Asia.

The product architecture is multi-brand and multi-vehicle: the Epsilon Fund family (Euro Bond, EM debt, quantitative Q-series), Eurizon Fund and Eurizon Fund II (active mutual funds), the Luxembourg-domiciled Eurizon AM SICAV for institutional mandates, Eurizon Next 2.0 as a digital advisory/goal-based platform, Eurizon Step and Soluzione Protetta as capital-protected structured products, plus Italian PIR tax-advantaged plans, passive and (since April 2026) active ETFs, ELTIF private market vehicles, hedge funds, and discretionary portfolio management. Specialized research is delivered through the London-based subsidiary Eurizon SLJ Capital (currency and macro, led by Stephen Jen), and proprietary quantitative equity strategies (Epsilon QEquity, QIncome, QReturn, QValue) use algorithmic stock selection and portfolio construction models.

Revenue is generated almost entirely from recurring asset-based management fees on AUM, supplemented by performance fees on certain strategies. Fees are not publicly disclosed but tier by share class — retail share classes (A, R) carry higher annual fees (roughly 0.50%–2.00%) and institutional share classes (I, P, G) lower fees (roughly 0.10%–1.00%), billed annually. Distribution flows through the Intesa Sanpaolo branch network, independent financial advisors, the Poste Italiane retail channel, and a Eurobank partnership in Greece, with international reach via wholly-owned subsidiaries in Luxembourg, Croatia, Slovakia, Hungary, the UK, and Asia, plus a minority stake in Chinese manager Penghua Fund Management.

Name

Eurizon Capital

Legal name

Eurizon Capital SGR S.p.A.

Website

https://eurizoncapital.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Eurizon Capital is an Italian asset manager and wholly-owned subsidiary of Intesa Sanpaolo that runs 300+ mutual funds, ETFs, structured products, and alternatives across €300+ billion AUM, serving retail and institutional clients through the Intesa Sanpaolo banking network and subsidiaries across Europe and Asia.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industry

ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL)

Keywords

• Asset management services
• Mutual fund management
• Investment management solutions
• ETF fund products
• Institutional asset management

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Management Fees: Management fees charged on assets under management across mutual funds, ETFs, hedge funds, and institutional mandates. Revenue is recurring based on AUM levels and varies by fund type and share class.
2. Performance Fees: Performance-based fees on certain fund classes that meet specified return benchmarks, typically with high-water mark provisions.

Pricing tiers

Distribution channels5 records

Marketing channels8 records

Core offering

Eurizon Capital is an asset management company that manages and distributes over 300 investment funds across equity, fixed income, multi-asset, ESG/sustainable, and alternative strategies through multiple fund families (Epsilon, Eurizon Fund, Eurizon Fund II, Eurizon AM SICAV). It serves retail investors, institutional clients, and financial advisors via the Intesa Sanpaolo banking network, independent advisors, and its own institutional sales teams, with additional offerings in ETFs, ELTIF private market funds, hedge funds, structured products, PIR tax-advantaged plans, and discretionary portfolio management.

Product overview

Eurizon Capital SGR S.p.A. is a comprehensive asset management platform offering a multi-brand, multi-strategy product architecture. The core offering consists of multiple fund families: Epsilon Fund (award-winning strategies including Euro Bond), Eurizon Fund (broad equity and fixed income range), Eurizon Fund II (institutional-quality multi-strategy funds), and Eurizon AM SICAV (Luxembourg-domiciled institutional platform). These are supplemented by the Eurizon Next 2.0 digital advisory platform for goal-based investing, the Epsilon Q series of quantitative equity strategies (QEquity, QIncome, QReturn, QValue), and structured products under the Eurizon Step and Eurizon Soluzione brands. The company also offers Italian PIR tax-advantaged plans, ETF products including both passive and active management, ELTIF private market funds, hedge funds, and discretionary portfolio management services. A financial education platform called Wise supports client engagement. The entire ecosystem is coordinated under the Intesa Sanpaolo Group umbrella, with global operations through subsidiaries in Luxembourg, UK (Eurizon SLJ Capital), Asia, and Central/Eastern Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Epsilon: Brand for specific fund products such as Epsilon Fund, Epsilon Bond, Epsilon QEquity, Epsilon QIncome, Epsilon QReturn, Epsilon QValue

Products and services

• Epsilon Fund A comprehensive fund family offering diversified investment strategies across equities, bonds, and multi-asset allocations, including award-winning Euro Bond and emerging market bond products. Targeted at retail and institutional investors seeking active management across fixed income and equity strategies.
• Eurizon Fund Extensive fund range covering global equities, fixed income, absolute return strategies, and thematic investments such as China Opportunity, Circular Economy, and Innovation. Designed for retail and institutional investors across multiple risk profiles and geographies.
• Eurizon Fund II Multi-strategy fund family including Q-Flexible, Euro Bond, Euro Cash, Euro Q-Equity, and Equity For Income strategies with institutional-grade share classes. Targeted at institutional and qualified investors.
• Eurizon AM SICAV Luxembourg-domiciled SICAV platform offering institutional share classes (P, R, U, RD) across equity, bond, and multi-asset strategies including Emerging Markets Bond, European Equity, and Global Infrastructure. Targeted at institutional investors across Europe and globally.
• Eurizon Next 2.0 Digital investment platform offering goal-based strategies including Diversified, Growth Selection, Balanced Selection, Prudent Selection, Absolute Return, Dynamic Equity, Flexible Equity, Conservative, Megatrend, and Bond strategies across multiple risk profiles (20, 40, 70) with accumulation and distribution share classes. Targeted at retail investors through digital channels.
• Eurizon Step Capital-protected investment solutions with exposure to themes such as Emerging Markets Top Brands, Global Trends, Infrastructure, and Robotics, typically with 5-year investment horizons. Designed for retail investors seeking principal-protected thematic exposure.
• Eurizon PIR (Piani Individuali di Risparmio) Italian tax-advantaged individual savings plans (PIR) including PIR Italia 30, PIR Obbligazionario, and PIR Italia Azioni, offering tax benefits for investments in Italian companies. Targeted at Italian retail investors seeking tax-efficient savings solutions.
• Eurizon ETF Products Exchange-traded funds including both passive and active management approaches, with dedicated ETF share classes (isy) for institutional distribution. Targeted at retail and institutional investors seeking liquid, exchange-traded exposure.
• Epsilon QEquity Quantitative equity fund using algorithmic models for stock selection and portfolio construction. Targeted at investors seeking systematic, model-driven equity exposure.
• Epsilon QIncome Quantitative strategy focused on generating income through dividend-paying equities and income-producing securities. Targeted at income-seeking retail and institutional investors.
• Epsilon QReturn Quantitative absolute return fund seeking positive returns across various market conditions. Targeted at investors seeking market-neutral or low-correlation return profiles.
• Epsilon QValue Quantitative value-oriented equity fund targeting undervalued companies with strong fundamentals. Targeted at value-oriented equity investors.
• Eurizon Fund — SLJ Local Emerging Markets Debt Specialized emerging market local currency debt fund managed by Eurizon SLJ Capital, offering exposure to local currency sovereign debt in developing economies. Targeted at institutional and qualified investors seeking EM debt exposure.
• Eurizon Circular & Green Economy Thematic equity fund focused on companies enabling the transition to a circular and sustainable green economy. Targeted at ESG-focused and sustainability-oriented investors.
• Eurizon Dynamic Step to Infrastructure Capital-protected structured product offering exposure to the infrastructure sector with thematic focus on infrastructure development and related services. Targeted at retail investors seeking protected thematic infrastructure exposure.
• Eurizon Dynamic Step to Robotics Capital-protected structured product providing exposure to robotics, automation, and artificial intelligence companies driving industrial transformation. Targeted at retail investors seeking protected thematic technology exposure.
• Eurizon STEP 50 Obiettivo Net Zero Multi-asset fund with net-zero emissions commitment, combining ESG screening with climate transition investing strategies. Targeted at ESG-conscious investors seeking climate-aligned multi-asset exposure.
• Eurizon STEP 50 Futuro Sostenibile ESG Sustainable multi-asset fund incorporating ESG factors and focused on future-oriented sustainable investment themes. Targeted at sustainability-focused retail investors.
• Eurizon ELTIF (European Long-Term Investment Fund) European Long-Term Investment Funds providing access to private market opportunities and real economy investments for retail and institutional investors. Targeted at investors seeking private market exposure within a regulated EU framework.
• Eurizon Hedge Funds Hedge fund offerings including funds of funds, providing alternative risk/return profiles and diversification from traditional equity and bond markets. Targeted at qualified and institutional investors.
• Eurizon Gestioni Patrimoniali Discretionary portfolio management services for high-net-worth individuals and institutional clients, tailored to specific investment objectives and risk profiles. Targeted at HNW private clients and institutional mandates.
• Fideuram Master Selection Multi-manager fund selection platform offering diversified exposure across multiple underlying managers and strategies, including Balanced, Equity Global, and Equity Global Emerging Markets allocations. Targeted at private bank and wealth management clients.
• Eurizon Soluzione Protetta Imprese Capital-protected investment solutions specifically designed for corporate investors with various maturities and edition releases. Targeted at Italian corporate treasury clients.
• Eurizon Investo Smart Digital investment solution with varying equity allocation levels (10, 20, 40, 60, 75) for different risk appetites and investment horizons. Targeted at retail investors seeking automated, risk-graded portfolios.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Eurobank and Eurobank Asset ManagementcoreStrategic or Co-development PartnerStrategic partnership agreement between Eurizon Capital, Eurobank, and Eurobank Asset Management to develop asset management business in Greece. The agreement leverages Eurobank's local market presence and customer base to distribute Eurizon's investment products.
• Equiter SGRcoreStrategic or Co-development PartnerJoint infrastructure fund partnership where Eurizon infrastructure funds and Equiter SGR funds co-invest in Italian infrastructure projects such as green energy and sustainable infrastructure companies.
• Penghua Fund ManagementminorStrategic or Co-development PartnerAssociated company in China providing access to Chinese capital markets and distribution capabilities in the Asia-Pacific region.
• Poste ItalianecoreChannel Partner/ Reseller/ DistributorStrategic partnership for distribution of Eurizon investment products through Poste Italiane's extensive retail network, focusing on real economy investments.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ANIMA SGR: Italy's largest independent asset manager and the closest domestic competitor to Eurizon, with overlapping retail mutual fund and institutional mandate businesses.
• Natixis Investment Managers: French bank-affiliated global asset manager with a multi-affiliate (affiliate-network) structure mirroring Eurizon's distribution-plus-boutique model.
• Schroders: London-listed global asset manager with strong European retail, institutional, and ESG offerings — comparable multi-affiliate, multi-strategy platform.
• Amundi: Europe's largest asset manager by AUM with a similar multi-channel retail/institutional model spanning mutual funds, ETFs, and mandates. Directly comparable product breadth and European retail distribution focus.
• Mediolanum Gestione Fondi: Italian bank-affiliated asset manager with a captive retail distribution model comparable to Eurizon's Intesa Sanpaolo channel strategy.
• Generali Investments: Asset management arm of Italian insurer Generali; competes head-to-head with Eurizon in Italian retail and institutional mandates and offers a similarly broad fund range.

Broad incumbents

• DWS Group: Deutsche Bank-listed asset manager competing in European passive (Xtrackers ETFs), active, and ESG — directly overlapping with Eurizon's product set.
• BlackRock: World's largest asset manager and the dominant passive/ETF competitor (iShares); represents the scale benchmark Eurizon benchmarks against in the European ETF market.
• UBS Asset Management: Global bank-owned asset manager with comparable traditional and alternative strategies plus institutional mandates, but with a much broader geographic footprint.
• Allianz Global Investors: Global asset management arm of Allianz Group, with overlapping fixed income, multi-asset, and ESG capabilities, but operating at much larger global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Eurizon
• LinkedInlinkedin.com/company/eurizon

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eurizon Capital