Eurizon unveils first ELTIF fund in Italy

Eurizon has launched the first European Long Term Investment fund (ELTIF) in Italy dedicated to finance SMEs. Eurizon Italian Fund - ELTIF is a closed-end fund that locks in the investment over a period of seven years. It uses a discretionary management approach, with fund rules easing long-term investment strategies. The Fund envisages a minimum investment of 70% in long-term assets, with an exposure of over 50% to Italian equities and up to 25% in unlisted instruments. The capital raised through the ELTIFs can be directed to finance medium- to long-term projects of companies in t...