Nicosia, Cyprus. Cyprus’ investment funds sector recorded continued growth, with active entities reaching a new high and assets under management rising to €11.4 billion, according to data from the Cyprus Securities and Exchange Commission (CySEC).
Record number of active entities and rise in AuM
CySEC data showed that the number of Authorised, Registered and Approved Management Companies and Undertakings for Collective Investments with operations reached 260, marking a historic high for the industry.
Total assets under management rose to €11.4 billion, approaching the highest levels recorded to date.
Investments into the Cypriot economy
Investments channelled directly into the Cypriot economy amounted to €2.8 billion, indicating the sector’s strengthening contribution to the real economy.
CIFA response and strategic priorities
The Cyprus Investment Funds Association (CIFA) said it was satisfied with the sector’s continued positive course, while CIFA president Maria Panayiotou said the figures indicate the sector continues to mature and expand with strong qualitative characteristics.
Panayiotou said the increase in active entities and the growth in assets under management reflect continued confidence from the international investment community.
She said CIFA’s strategic objective remains the qualitative scaling of the collective investment ecosystem, with emphasis on governance, transparency and long-term value, and added that the sector can act as a catalyst for upgrading the country’s economic model.
Importance of stability and competitiveness
CIFA said that in an international environment marked by heightened uncertainty and increasing competition among jurisdictions, stability, predictability and preserving Cyprus’s competitive advantages remain critical.
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