(2)The underlyings and their liquidity profile can have an impact on the ELTIF and the long-term nature of the ELTIF. It is necessary to ensure the alignment and coherence of an ELTIF’s investment strategy with its liquidity profile and redemption policy of the ELTIF. The manager of an ELTIF should therefore, when assessing whether the life of an ELTIF is compatible with the life-cycles of each of the individual assets of the ELTIF, as referred to in Article 18(3) of Regulation (EU) 2015/760, consider the liquidity profile of each of the ELTIF’s individual assets, the liquidity profile of the ELTIF’s portfolio on a weighted basis, the timing of acquisition of those individual assets, and the valuation of those individual assets. Since redemptions may affect the assets and liabilities and the liquidity of an ELTIF, the manager of an ELTIF that provides for the possibility of redemptions during the life of the ELTIF should also consider the redemption policy of that ELTIF when assessing whether the life of an ELTIF is compatible with the life-cycles of each of the individual assets of the ELTIF.