Supporting small and medium enterprises through ELTIF

The first bid to fund Italian SMEs was made by PIR individual savings plans. Now a new range of long-term closed funds are being launched. Will investors appreciate them? Yes, on condition of their purchase offering tax incentives. This is the view expressed by Panorama in its report on the relation between finance and small and medium businesses in Italy. Eurizon, the first company in Italy to launch an ELTIF, is mentioned in the article as one of the companies that is already operational with the product. ELTIFs allow savers to invest in less liquid assets for a longer period, therefore a tax incentive could boost inflows, according to the article, and consequently support small and medium businesses.
 
“Investire sulle piccole medie imprese” – Panorama, 12 June 2019