Italian UniCredit is one of the largest and oldest banks in the world. Their history goes back to the 15th century.

In 2005 Unicredit took over the German Hypovereinsbank. The company had been active in this area since 2000 with its own ETF "Indexchange" division. Indexchange was sold to iShares in 2007. However, Unicredit remained one of the most active market makers for ETFs in Europe.

In 2015, UniCredit again entered the ETF business with two ETFs on European convertible bonds and has since further expanded its range of special ETFs.