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Assets of investment funds record 18.9% increase in March

21/05/2021 14:51

Total assets of the investment funds were up by 18.9%  in March 2021, compared to December 2020, according to the Central Bank of Cyprus, which released on Friday the Investment Funds statistics for the reference month of March 2021.

In particular, the total assets of the investment funds increased significantly by approximately 18.9% to €6,678.4 million in March 2021, compared to €5,616.8 million in December 2020, the CBC says.

It notes that the main reason for this increase is the inclusion in the data of a number of new relatively larger investment funds, compared to the number of smaller investment funds that were either liquidated or reclassified to another institutional sector.

Overall, the number of investment funds in March 2021 stood at 222, unchanged from December 2020.