SATURDAY, 8 AUG 2020

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

Kostrikis: In Three Weeks We Should Return To Pre-Outbreak Epidemiological Levels

Talks On ‘Yishai’ Gas Field On Track Says Cypriot Energy Minister

IMH LTD

ECONOMY

Assets Under Management of Collective Investments at €7.7b

Assets Under Management of Collective Investments at €7.7b

Management Companies and Undertakings of Collective Investments (UCIs) recorded a further increase in the third quarter of 2019, according to the quarterly bulletin issued by the Cyprus Securities and Exchange Commission (CySEC). The bulletin, which is already posted on CySEC’s website, provides the key findings regarding the Collective Investment Schemes Sector in Cyprus.

Based on the statistics for the third quarter of 2019, CySEC has a total of 203 Management Companies and Undertakings of Collective Investments (UCIs) under its supervision. From these, 130 companies have operations. The total number of companies includes 104 Externally Managed UCIs, 58 Internally Managed UCIs and 41 External Fund Managers. The total number of Management Companies includes 28 AIFMs, 67 Sub-threshold AIFMs and 4 UCITS Management Companies.

The total Assets Under Management (AUM) for the third quarter of 2019 reached €7.7 billion, recording a 12% increase compared to the second quarter of 2019, while the UCIs, managed by the Management Companies, had a Net Asset Value (NAV) of €5.6 billion. Approximately 64.6% of the AUM relate to Assets managed by the AIFMs, 28.2% by the Sub-threshold AIFMs, 3.2% by the UCITS Management Companies, 2.7% by the CIFs and only 1.3% by the Regulated UCIs that are managed by Foreign Fund Managers.

UCITSs invest heavily in Transferable Securities (80%), followed by investments in Bank Deposits (10%). AIFs, AIFLNPs and RAIFs invest mainly in Private Equity (40%), while investment in Real Estate represents 15% of the AUM.

There are 117 UCIs in total with operations. The 71% of the total AUM relates to 105 UCIs domiciled in Cyprus (10 UCITS, 32 AIF, 62 AIFLNP and 1 RAIF). From the total 117 UCIs managed by UCIs Management Companies, 79 invest in Cyprus entirely or partially and €1.9 billion (26%) are investments made in Cyprus. The 48% of the investments in Cyprus are in Private Equity, while 15% of the investments in Cyprus are in Real Estate.

Finally, categorising the unit-holders, for UCITs these are mainly Retail Investors (99.3%), while for AIF, AIFNLP and RAIF, 51.5% of them are Professional Investors, 45.3% Well-Informed Investors and only 3.2% Retail Investors.

MORE ON ECONOMY

Deposit Rates In The Cyprus Banking System Declined Marginally In June

Deposit rates in the Cyprus banking system declined marginally in June, according to data ...

Economic Sentiment Improved In July, Driven By Confidence Boost In Services

The University of Cyprus’ Economic Research Centre released its monthly bulletin, ...

Eurostat: Sharpest Drop Of Household Real consumption Per Capita In Both Euro Area And EU

In the first quarter of 2020, when Member States began to widely introduce COVID-19 ...

FROM AROUND GOLDNEWS

   

The Legal Profession Under The Microscope

The 2nd Cyprus Legal Conference, organized online by IMH, takes place on Wednesday 9 September, 2020 at 16:00. The Conference will host speakers from Cyrus and ...
   

Minthis Property Collection And The Design Diversity

Pafilia is always at the forefront of innovation in the real estate market thanks to its visionary approach and the determination to push boundaries. With the ...
   

Cyprus, France to Boost Defense Ties Under Cooperation Deal

A Defence Cooperation Agreement between Cyprus and France has entered into force on August 1. With the agreement the two countries` cooperation in the fields ...
   

Leondios Kostrikis: In Three Weeks We Should Return To Pre-Outbreak Epidemiological Levels

The virus that causes COVID-19 has become more adaptable, Dr. Leondios Kostrikis, Professor of Molecular Biology at the Department of Biological Sciences of ...
   

Talks On ‘Yishai’ Gas Field On Track Says Cypriot Energy Minister

Cyprus-Israel talks seem to be on the right track regarding Israeli "Yishai" gas field adjacent to Cyprus’ "Aphrodite" field, as ...
   

New Book By Blair Sheppard, Global Leader For Strategy & Leadership Of The PwC Network

The new book by PwC's Global Leader for Strategy and Leadership, Blair Sheppard entitled “TEN YEARS TO MIDNIGHT: Four Urgent Global Crises and Their ...
   

EC Opens Investigation Into Proposed Acquisition Of Fitbit By Google

In a press release, the European Commission announced yesterday it has opened an in-depth investigation to assess the proposed acquisition of Fitbit by Google ...
   

The 4th Project Management Conference: Digital Edition

The Project Management Institute (PMI) Cyprus Chapter is organising the 4th Project Management Conference on 26 November 2020, from 15:00 to 17:00. ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Global_Investments_Outlook_05/08-05/10
GloriaJeans_300x250px

IMH LTD