Italy is the third-largest economy in the Eurozone and the tenth-largest economy in the world. The country is located in the center of the Mediterranean region. Due to the central location, the country is easy to get to from most of other European countries. Italy is to be counted among the developed countries. It is one of the founding members of the Eurozone, the G7 group (most industrialized countries), and OECD. The economy is largely driven by family-owned small and medium sized businesses manufacturing and exporting products to other countries. Furthermore, tourism is one of the fastest growing and profitable areas of the economy. One of the easiest way to invest in Italy is through the Exchange Traded Funds, though there are not many Italian ETFs on the market. Investors can easily gain an instant access to the Italy’s most popular companies and may diversify the overall portfolio or hedge Italian related risk. Investor should be aware of Italian EU membership, especially after recent financial crisis in the Eurozone. EU countries are connected to each other via sovereign debt issues. Financial problems in one country may significantly affect any others. Before investing in the Italian ETFs, investors should conduct precise research and analysis of risk and predictable profits connected with such ETFs.