The sector of investments funds in Cyprus continued its upward trend in the second quarter of 2020 with the number of reporting entities rising by 5.4% to 199 from 189 in the end of the first quarter.
According to data released by the Central Bank, their assets rose by 3.5% compared with March 2020, to €5.76 billion while compared to June 2019, the investment funds’ assets marked an increase of 4.95%.
By nature of investments, 36% of total assets, or €2.09 billion were invested in equity, 11% (€632.4 million) were invested in real estate and approximately another 11% were invested in mixed (both equity and real estate) and 3% (€182 million) were invested in bonds. The remaining 39% of the total assets were placed in other investments, the CBC said.
According to the CBC, the majority of the investment funds were open type which represented 94.6% of total assets or €5.45 billion from the total assets that amounted to €5.76 billion in June 2020, while €307 million were invested in closed type investment funds.
With regard to the investment funds liabilities, €5.0 billion or 87% of total liabilities were shares, €613 million loans and €144 million in other liabilities, including financial derivatives, the CBC added.