Eurizon unveils first ELTIF fund in Italy

Eugenia Jiménez
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 ...

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