Economy category powered by
Investment funds assets in Cyprus at €8.68 billion in June 2023
08:26 - 18 August 2023
Total assets of investment funds in Cyprus increased almost by a billion in June 2023 compared to December 2022.
According to data released by the Central Bank of Cyprus (CBC), the number of investment funds increased to 307 in June 2023, from 286 in December 2022 and 290 in March 2023.
The total assets of these funds increased to €8.685 billion in June 2023, compared to €7.757 billion in December 2022 and €8.303 billion in March 2023, recording an increase of 11.6% for the first six months of 2023 and 4.6%, compared to the previous quarter.
The increase was mainly due to the value of the shares that the investment funds had in their assets, which amounted to €6.7 billion in June '23, compared to €6.48 billion in March and €5.98 billion in December 2022.
At the end of June, shares corresponded to 77% of the total assets of investment funds.
(Source: CNA)
News Feed
2 hours, 56 minutes ago Economy
Dr Nakis Antoniou: Larnaca is standing on the cusp of transformation1 day, 3 hours ago People
Kyriakos Eleftheriou: Cyprus has plenty of grant money but it comes with constant oversight and strict conditions1 day, 3 hours ago Companies
Three new arrivals at Metropolis Mall including Cyprus' first Vero Moda store1 day, 3 hours ago Current Affairs
Deputy Minister celebrates traditional Cypriot products at the Resi Festival (pics)1 day, 18 hours ago People
Sir Stelios Haji-Ioannou announces acquisition of easyHotel.com by Tristan Capital Partners1 day, 18 hours ago Economy
Retail trade up 5.6% in both value and volume in March1 day, 19 hours ago Economy
Cyprus records €580.6m budget surplus in Q1 2025