As­sets un­der man­age­ment by in­vest­ment funds de­cline to 2.7 bln in March

Financial Mirror (Cyprus) - - FRONT PAGE -

In­vest­ment funds as­sets fell to EUR 2.693 mln in March, down 6.7% from De­cem­ber 2015, ac­cord­ing to the Cen­tral Bank of Cyprus.

To­tal de­posits of the 75 lo­cally li­censed in­vest­ment funds amounted to EUR 200.5 mln, com­pared to EUR 216.7 mln in March 2015.

A year ago, to­tal as­sets owned by the then 78 in­vest­ment re­port­ing en­ti­ties amounted to EUR 3.039,8.

Equity funds held the lion’s share of the to­tal as­sets with a bal­ance sheet amount­ing to EUR 1.98 bln, com­pared with EUR 2.20 bln in De­cem­ber 2015, fol­lowed by mixed funds, which in­vest both in shares and debt se­cu­ri­ties, with as­sets amount­ing to EUR 360.4 bln com­pared with EUR 369.7 mln in De­cem­ber 2015.

As­sets held by funds investing mainly in real es­tate amounted to 192.9 mln from EUR 185.4 mln in De­cem­ber 2015, whereas bond funds’ as­sets in March 2016 amounted to EUR 25.5 mln com­pared with EUR 25.9 mln in De­cem­ber 2015. The as­sets held by other funds amounted to EUR 131.6 mln from EUR 97.3 mln in De­cem­ber 2015.

Of the EUR 2.69 bln of as­sets held by in­vest­ment funds in March 2016, as­sets of EUR 2.20 bln were held by closed funds and the re­main­ing EUR 487.7 by open funds.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.