In Italy, around 11 per cent of households’ financial assets are in investment funds, 18 per cent in insurance policies, and 2.5 per cent in pension products. In recent years, the sector has benefited from new regulation.
Long-term individual savings plans were introduced by the 2017 budget law and have encouraged households to put their money into investment funds specialized in Italian corporate equity and debt instruments. The first European Long-Term Investment Funds (ELTIFs) have been created. These closed-end funds are dedicated to both professional and retail investors, which invest in both equity and debt instruments.