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Italian pension fund association calls on government to cut tax burden on returns
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Real Economy Project fund of funds to close with €500m
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By Luigi Serenelli2021-06-04T15:27:00+01:00
The Real Economy Project (Progetto Economia Reale) – a series of fund of funds (FoFs) launched by Assofondipensione in partnership with Cassa Depositi e Prestiti (CDP), the partly state-owned investment bank, and asset manager Fondo Italiano d’Investimento – has set an investment target of €200-250m for its infrastructure vehicles.
Giovanni Maggi, president of Assofondipensione, the Italian association of industry-wide pension funds known as ‘fondi negoziali’, told IPE that the infrastructure FoFs, which form the “third leg” of the project, could start as soon as this autumn. He added that investments will have sustainability criteria.