The Lyxor FTSE Italia Mid Cap PIR ETF is the only one compliant with a new Italian law that offers tax breaks for certain investment plans.
The firm boasts a unique strategy amid an ongoing exodus from junk bonds, which saw $5.68 billion in fund assets desert the securities last week.
Investors are ignoring large estimated payouts as they dump Moscow-listed shares on concern the U.S. won't ease sanctions on Russia as quickly as expected.
The funds have accounted for 27% of all trades since the election, 3 percentage points above average.
The research giant says it aims to lower costs by removing a layer of fees paid to third-party managers.