30/03/2023 09:45
The number of Management Companies and Undertakings of Collective Investments (UCIs) under the supervision of Cyprus Securities and Exchange Commission remained stable during the 4th quarter of 2022. At the same time, the total assets under management stood at €9.5 billion, registering a decrease of 3.7% compared to the previous quarter.
Based on the statistics for the 4th quarter of 2022, CySEC has under its supervision in total 333 Management Companies and Undertakings of Collective Investments (UCIs). From these, 243 companies have operations.
The total number of companies includes, 219 Externally Managed UCIs, 40 Internally Managed UCIs and 74 External Fund Managers.
The total number of Management Companies includes 45 AIFMs, 59 Sub-threshold AIFMs, 4 UCITS Management Companies and 6 dual license entities (AIFMs and UCITS Management Companies).
The Total Assets Under Management (AUM) for the 4th quarter of 2022 reached €9.5 billion, recording a 3.7% decrease since the 3rd quarter of 2022 and a 17.7% decrease compared to the 4th quarter of 2021. The UCIs, managed by the Management Companies had a Net Asset Value (NAV) of €8.9 billion.
The 64% of the AUM relate to Assets managed by the AIFMs, 10% by the Sub-threshold AIFMs, 16% by the AIFMs and UCITS Management Companies, 9% by the UCITS Management Companies and only 1% by the Regulated UCIs that are managed by Foreign Fund Managers.