Arca Fondi Sgr launches its first Pir (Individual Savings Plan) and announces the establishment of Arca Economia Reale Bilanciato Italia. The new product focuses the investment of the equity component on small and medium-sized Italian companies, while at the same time allowing for a diversification of investments also in the bond world.
Arca Economia Reale Bilanciato Italia is an open-end balanced bond mutual fund governed by Italian law, with a minimum subscription threshold of 100 euros and does not provide for the distribution of proceeds. It will have two share classes, one of which is a Pir. It offers a balanced asset allocation with an equity component of around 30% and an Italian corporate bond component of around 50%, with a medium-term time horizon.
The fund, which is not exposed to exchange rate risk, mainly invests in bonds and shares traded on regulated markets or in multilateral trading systems issued or stipulated with companies that carry out activities other than real estate, residing in Italy or in EU member states with stable organization in the Italian territory.
The Pir is a fiscal container where at least 70% of the plan must be invested in securities issued by Italian companies, of which at least 30% in financial instruments issued by companies other than those included in the Ftse Mib index.
The saver has two advantages: the diversification of investments and the tax incentive which consists, in a ceiling of 30.000 euros per year and up to a maximum of 150.000 euros, in the exemption from taxation of the income generated by the investment provided that the instrument is held for at least 5 years.
“Arca Economia Reale Equity Italia, active since April 2015, has an investment policy that already complies with the new legislation on PIRs - Ugo Loser, CEO of Arca Fondi SGR - which has allowed us to gain considerable experience in investments in the real economy Italian. We are certain that the PIRs will support the real economy through household savings by financing the quality small/medium enterprises which form the backbone of Italian industry”.
