Ripe for change
Each European market has its particularities, and Italy is no exception. Recently, the record demand from retail investors for Italian government bonds hit the headlines – suggesting a kind of ‘investment patriotism’ as a pattern ‘tipicamente Italiano’. The most recent offering from BTP Valore has been another successful retail government bond issue, the last one being the BTP Italia in March 2023. Christophe F. Grosset, European Sales Director at Spectrum Markets has an intimate knowledge of the country and its capital market. He says that this narrative entirely misses the point when trying to understand where Italy’s investment culture is heading.