Foreign investor interest on the rise, says CySEC chief
Companies from Russia, Luxembourg and Greece are showing interest in specialised investment tools and funds, such as the Undertakings for Collective Investment in Transferable Securities (UCITS), Cyprus Securities and Exchange Commission Chairman (CySEC) Demetra Kalogirou said recently.
UCITS seek private investors and collectively invest in transferable securities or in other liquid financial instruments and alternative investment funds (AIF), which make alternative investments in real estate, ships and metals.
As Kalogerou said that 14 companies have applied for an AIF licence, 5 of which have been approved by the CySEC board. European legislation provides that such entities can manage funds of over 100 mln euros, she added.