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Komfie Manalo, Opalesque Asia: A new and innovative fund product called ELTIF or European Long Term
Investment Fund is seen to boost European long-term investments in the
real economy, especially infrastructure. The product will be available
six months after the publication in the EU Official Journal expected for
the beginning of the year, said KPMG.
In a blog, KPMG said that the aim of ELTIF is to encourage
a wider range of sources to finance the European economy. In particular
it raises and channels capital towards European long-term investments by
creating a new form of fund vehicle. This regulation is important for
the Commission’s ambition to foster long term financing and contribute
to the creation of the "Capital Market Union", and its objective of
smart, sustainable and inclusive growth.
"As well as unlisted SMEs and infrastructure projects, ELTIFs can invest
in real estate (when the investments are sustainable and long-term),
intellectual property and listed SMEs with a market capitalization of
less than EUR 500m. Direct holdings of over EUR 10m in real assets such
as energy, transport, communication, education, health and so on are
eligible provided that they yield a predictable return. Conversely,
assets like art and wine will probably not be eligible. ELTIFs must be
at ...................... To view our full article Click here
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