According to a report released by the Cyprus Securities and Exchange Commission (CSE) on Tuesday 19th November, the number of investment companies in Cyprus is increasing while their assets are decreasing.
In particular, the total number of collective investment management companies and collective investment organisations increased to 334 in the third quarter of 2024, compared to 330 in the second quarter of 2024. Of the total number of companies, 232 are externally managed, 33 are internally managed and 69 are externally managed. The total number of management companies includes 42 AIFM, 51 AIFM below the threshold, 3 UCITS management companies and 6 dual-licensed companies (AIFM and UCITS management companies).
On the other hand, the total assets managed by these institutions decreased by 0%, from EUR 6.84 billion in June to EUR 6.79 billion in September.
As regards the assets of investment institutions, their deposits and loans totalled 777.9 million euro at the end of September 2002, compared with 784.7 million euro in June 2002.
The value of the bonds they held reached €596.5 million in September 2024, compared with €596.8 million a quarter earlier. In addition, the value of equities and other related securities they held settled at €4.9 billion, compared to €4.94 billion in June 2024.
Notably, 74% of assets under management are held by 198 Cypriot OSEs (13 UCITS, 49 AIF, 45 OEEPAP and 91 KOE). Of the 228 OSEs operating in Cyprus, 166 invest all or part of their assets in Cyprus, with investments of around EUR 2.5 billion (26% of total assets under management). 68.5% of investments in Cyprus are in private equity, while 12.8% are in real estate.
Regarding the classification of investors, in UCITS 99% are retail investors, while in other funds -68.8% are professional investors, 18.8% are qualified investors and only 12.4% are retail investors.