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Glossary

Matching of units

Matching of units is a mechanism allowed by an ELTIF's rules that pairs investors who want to exit with investors who want to enter. It does not guarantee or give a right to an exit.

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Short answerMatching of units is a mechanism allowed by an ELTIF's rules that pairs investors who want to exit with investors who want to enter. It does not guarantee or give a right to an exit.

Matching of units is a mechanism, allowed by an ELTIF's rules, in which the manager pairs requests from investors who want to exit with requests from investors who want to enter the fund.

Why it matters

Matching can offer an exit route before the end of the fund's life without the fund having to sell assets. ELTIF 2.0 permits it alongside the general right of investors to transfer their units to third parties other than the manager.

What to watch for

Matching depends on whether there are enough interested buyers. Distributors must tell retail investors in writing that the possibility of matching does not guarantee or give a right to exit or redemption. If no counterparty is found, you may have to stay invested. Read the matching policy in the rules and the prospectus, including timing and pricing conditions. See ELTIF liquidity and open-ended vs closed-ended funds.

Primary sources

General information. Not investment advice or a suitability assessment.

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