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Number of investment funds rises marginally in September but assets drop

13:45 - 19 November 2024

Economy Reporter

The number of investment funds in Cyprus increased in September 2024, compared to June of the same year, but their total assets decreased, to €6.79 billion, according to the Central Bank of Cyprus (CBC).

More specifically, according to an announcement by the CBC, the number of investment institutions increased, from 330 in June 2024, to 334 in September 2024, while their total assets decreased by 0.8% to €6,795.7 million in September 2024, compared to €6,848.7 million in June 2024.

According to the CBC data, in relation to the assets of investment funds, their deposits and loans amounted to €777.9 million at the end of September 2024, from €784.7 million in June 2024.

The value of the securities held in September 2024 amounted to €596.5 million, from €596.8 million last June.

Also, the shares and related other securities they owned amounted to €4.90 billion, from €4.94 billion in June 2024, the CBC said.

(Source: CNA)

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