Made in Italia Fund

19 February 2021 by Massimo Fuggetta

The great opportunity of Alternative PIRs

Italian Stock Exchange, Made in Italia Fund

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In 2021 Italian savers have at their disposal an extremely cost-effective investment tool: Alternative PIRs (Piani Individuali di Risparmio – Individual Savings Plans). Like the original PIRs launched in 2017, Alternative PIRs enjoy a significant tax advantage: exemption from capital gains tax after a 5-year holding period. Both also have zero inheritance tax. The substantial […]

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31 August 2016 by Massimo Fuggetta

Why so few?

Italian Stock Exchange, Made in Italia Fund

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It is known in finance as the equity home bias puzzle: investors’ preference for domestic equities and their consequent portfolio overweight compared to the precepts of standard theory. Not in Italy. While laden with domestic government bonds, Italian investors have no penchant for domestic equities. They don’t think of equities as domestic vs. foreign: Italian […]

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