Loans should be included onto the list of eligible assets for UCITS, according to the Loan Market Association (LMA).
The European Commission has requested that the list of eligible assets under Article 50 of the UCITS IV Directive be expanded to include certain types of loan.
Loans represent a safe, liquid, remunerative and transparent asset class, and as such are appropriate for retail investment, according to a statement from LMA.
It explains: “Inclusion of Loans within UCITS will benefit borrowers and the wider economy
“In addition to benefiting retail investors, the LMA has also emphasised that extending the UCITS framework to