Economy category powered by

Investment fund assets up 7% in Q1

Total assets of investment funds in Cyprus increased 7% in March 2023 compared to December 2022.

According to the Central Bank of Cyprus (CBC), the number of investment funds increased from 286 in December 2022 to 290 in March 2023.

The total assets of these funds increased by approximately 7% to €8.3b in March, compared with €7.7b in December 2022.

The increase was mainly due to the value of the shares that the investment funds had in their assets, which amounted to €6.48b compared to €5.98b in December 2022.

At the end of March, shares corresponded to 78% of the total assets of investment funds.

Read More

CIFA and UCY's Department of Accounting and Finance sign MoU
Baker Tilly South East Europe welcomes Mark Lumsdon-Taylor
Parklane, a Luxury Collection Resort & Spa, Limassol, Unveils Yacht Experience in Collaboration with Diamantides Yachting
European Affairs Minister and British official discuss deepening cooperation
Vafeades and Regev discuss strengthening Cyprus-Israel cooperation on transport
Announcement on 'Pegasus 1' gas discovery, “an optimistic message”, Energy Minister says
Vehicle registrations down 1.1% in H1, saloon cars drop 3%
Beer exports drop by 24% in June, small uptick in local market
Finance Minister backs Digital Euro and stresses financial stability at Ecofin meeting
The countdown to the 13th Invest Cyprus International Investment Awards has begun