Financial Repression Tracker

Rules that steer savings into government debt or hold returns below inflation, country by country.

Steer · Prudential sovereign bias

Fund diversification-limit exemptions for government securities

What it is
Collective-investment rules that cap exposure to one issuer at a few percent allow up to 100% in government paper.
Why it counts
Lets retail funds concentrate savings in sovereign debt and lets governments rely on fund demand without diversification limits.

When it was in force

  • European Union: 1985 → now, in force; the rule may be older than the cited document

Example

  1. European Union

    1985 → nowIn force

    The rule may be older than the cited document

    Member States may let UCITS invest up to 100% in securities issued or guaranteed by a Member State.

    Directive 2009/65/EC (UCITS IV), Article 54 (derogation from Article 52 issuer limits)Primary source
    “Member States may authorise UCITS to invest in accordance with the principle of risk-spreading up to 100 % of their assets in different transferable securities and money market instruments issued or guaranteed by a Member State”

    eur-lex.europa.eu (opens in a new tab)Checked: quote matched on the page by script

    European Union today: index 44.0

Examples and their dates reviewed .

Further reading