Brussels, 25/06/2014 (Agence Europe) - The EU member states' representatives to the EU on the Coreper committee agreed on a draft regulation on Wedneday 25 June establishing a new type of investment fund for the financing of long-term investment in the economy.
European long-term investment funds (ELTIFs) will invest in asset types that require stable commitment from investors, says a press release issued by the EU Council of Ministers. Investors would not be able to withdraw their...