Investment funds net assets up 23% in Q1 Retail trade turnover down in March
Total net assets of Cyprus investment funds increased by 23%, rising to EUR 2.54 bln from EUR 2.07 bln in December 2014, the Cyprus Investment Funds Association (CIFA) said, citing figures released by the Central Bank of Cyprus.
“The latest statistics reveal the trust investors continue to place in the jurisdiction which is able to compete with other, larger jurisdictions. Cyprus is becoming a fast growing investment fund centre in Europe through the prompt response to legislative and regulatory needs and its strong
The Turnover Value Index of Retail Trade for March decreased by 1.3% to 77.7 units, compared to the corresponding month of the previous year. According to the provisional estimates, announced by the Statistical Service Cystat, the index is estimated to have recorded an increase of 0.2% for the period January-March, compared to the same period of 2014.
Moreover, the Turnover