Economy category powered by
Significant quarterly increase in Investment Funds' assets in December 2024
14:47 - 19 February 2025
A significant increase of €573.8 million or 8.4% was recorded in the total assets of investment funds in Cyprus for the quarter ending in December 2024, compared to the period of July – September of the same year, according to data published by the Central Bank of Cyprus (CBC).
According to CBC data, the number of investment funds increased from 334 in September 2024 to 338 in December 2024.
Their total assets recorded an 8.4% increase, reaching €7,369.5 million in December 2024, compared to €6,795.7 million in September 2024, mainly due to an increase of approximately €497.7 million in their investments in unquoted shares, which amounted to a total of €2.77 billion.
Investment funds held quoted shares worth €1.03 billion and investment fund shares amounting to €1.47 billion.
According to CBC data, their deposits and loans amounted to €834.7 million at the end of December, up from €777.9 million in September 2024.
The value of securities they held in December 2024 reached €695.3 million, up from €596.5 million in the previous September.
(Source: CNA)
News Feed
8 minutes ago Economy
Car market makes disappointing start to 202559 minutes ago Opinion
Why cloud computing is the only sustainable computing future1 hour, 14 minutes ago Current Affairs
Negotiators continue discussion ahead of expanded meeting on Cyprus issue1 hour, 21 minutes ago Economy
President expresses desire for a University of Athens’ branch in Cyprus "as soon as possible"1 hour, 26 minutes ago Current Affairs
Cabinet approves Citizens' Initiative Law 20-02-2025 17:321 hour, 30 minutes ago Economy
Deputy Minister Evangelou taking part in conference on employment in Digital Europe1 hour, 34 minutes ago Economy
Agriculture Ministry says efforts to support primary sector affected by the weather are ongoing