Insurance Europe has published its response to a consultation conducted by the European Commission on the review of the European Long-Term Investment Funds (ELTIF) regulatory framework.
The insurance industry, which is Europe’s largest long-term
institutional investor with over ten trillion euro of assets under
management, needs access to a wide range of assets that provide
attractive returns and portfolio diversification, for the benefit of its
policyholders. Therefore, it welcomes a revision of the ELTIF framework
that has the objective of making these investments more attractive for
long-term institutional investors, such as insurers.
Because the ELTIF legal framework was designed for a wide range of
investors, ELTIFs offer institutional investors less flexibility, and
are less likely to meet individual investment needs with respect to
other investment options. Therefore, the industry encourages the
Commission to make refinements to the framework to remove restrictions
that prevent any significant interest from insurers.
Increasing the attractiveness of ELTIFs for institutional investors
could be achieved by revising the framework in terms of fund design,
portfolio composition and diversification, as well as eligibility of
investment assets.
Full response
Insurance Europe
© InsuranceEurope
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