In­vest­ment funds net as­sets up 23% in Q1 Re­tail trade turnover down in March

Financial Mirror (Cyprus) - - FRONT PAGE -

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

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