21/02/2018 15:16
The total assets of investment funds increased by approximately €700 mn on a quarterly basis, reaching a historically high level, according to data released on Tuesday by the Central Bank of Cyprus.
The total assets of investment funds increased at the end of December 2017 to €3.45 bn, compared to €2.74 bn in September 2017, showing an increase of approximately 26%, which is highest level ever recorded.
The number of investment funds rose to 114 in December 2017 compared to 108 in September.
The data showed that the deposits and loans of the investment funds amounted to €220.4 million in December 2017, while their investments in securities stood at €240.3 million, in shares and other related securities at €2.69 billion, in non-financial items at €127.8 million and in other assets at €175.1 million.