In the second quarter of 2024, the number of Management
Companies and Undertakings of Collective Investments (UCIs) in Cyprus remained
at 328. At the same time, assets under management (AUM) increased to €9.4
billion, according to the quarterly statistics bulletin released by the Cyprus
Securities and Exchange Commission (CySEC).
CySEC Management Companies Decrease
CySEC oversees 328 Management Companies and UCIs, a decrease
from 334 in the same quarter of the previous year, indicating a decline of 1.8
percent. The current total includes 236 Externally Managed UCIs, 33 Internally
Managed UCIs, and 69 External Fund Managers.
The overall count features 44 Alternative Investment Fund
Managers (AIFMs), 50 Sub-threshold AIFMs, 3 UCITS Management Companies, and 5
dual-license entities that function as both AIFMs and UCITS Management
Companies.
Total assets under management reached €9.4 billion in the
second quarter of 2024, reflecting an increase of 2.88 percent from the
previous quarter. However, there was a decrease of 12.8 percent compared to the
same period in 2023. The net asset value of the UCIs managed by these companies
was €8.9 billion.
Diverse Investment Allocations Overview
In terms of asset allocation, 59 percent of the AUM was
managed by AIFMs. The distribution includes 18 percent managed by AIFMs and
UCITS Management Companies, 11 percent by Sub-threshold AIFMs, and another 11
percent by UCITS Management Companies. Regulated UCIs managed by foreign fund
managers accounted for just 1 percent of the total.
The breakdown of UCITS’ assets under management shows that
the majority, 89.3 percent, was invested in transferable securities.
Smaller
portions were allocated to UCITS and other UCIs, as well as bank deposits. For
AIFs, AIFLNPs, and RAIFs, significant investments were made in private equity,
hedge funds, and real estate, while funds of funds comprised a smaller share of
the total AUM.
Among the 225 operational UCIs during this period, 198 were
domiciled in Cyprus, holding 74.1 percent of the total AUM. This group includes
13 UCITS, 49 AIFs, 45 AIFLNPs, and 91 RAIFs. Of these, 162 invest partially or
entirely in Cyprus, totaling €2.5 billion, which represents 26.6 percent of the
total AUM.
Private equity investments accounted for a significant share of
investments in Cyprus, while real estate also represented a noteworthy portion.
Energy, Fintech Investments Rise
In terms of unitholder categorization, retail investors made
up a substantial majority of UCITS. For AIFs, AIFNLPs, and RAIFs, a majority
were well-informed investors, followed by professional investors, with retail
investors constituting a smaller percentage.
Specific sector investments during the second quarter of
2024 included significant amounts in energy, fintech , shipping, and sustainable
investments. In the energy sector, investments reached €543 million, while €233
million went to fintech. Shipping attracted €743 million, and sustainable
investments accounted for €78 million.
In the second quarter of 2024, the number of Management
Companies and Undertakings of Collective Investments (UCIs) in Cyprus remained
at 328. At the same time, assets under management (AUM) increased to €9.4
billion, according to the quarterly statistics bulletin released by the Cyprus
Securities and Exchange Commission (CySEC).
CySEC Management Companies Decrease
CySEC oversees 328 Management Companies and UCIs, a decrease
from 334 in the same quarter of the previous year, indicating a decline of 1.8
percent. The current total includes 236 Externally Managed UCIs, 33 Internally
Managed UCIs, and 69 External Fund Managers.
The overall count features 44 Alternative Investment Fund
Managers (AIFMs), 50 Sub-threshold AIFMs, 3 UCITS Management Companies, and 5
dual-license entities that function as both AIFMs and UCITS Management
Companies.
Total assets under management reached €9.4 billion in the
second quarter of 2024, reflecting an increase of 2.88 percent from the
previous quarter. However, there was a decrease of 12.8 percent compared to the
same period in 2023. The net asset value of the UCIs managed by these companies
was €8.9 billion.
Diverse Investment Allocations Overview
In terms of asset allocation, 59 percent of the AUM was
managed by AIFMs. The distribution includes 18 percent managed by AIFMs and
UCITS Management Companies, 11 percent by Sub-threshold AIFMs, and another 11
percent by UCITS Management Companies. Regulated UCIs managed by foreign fund
managers accounted for just 1 percent of the total.
The breakdown of UCITS’ assets under management shows that
the majority, 89.3 percent, was invested in transferable securities.
Smaller
portions were allocated to UCITS and other UCIs, as well as bank deposits. For
AIFs, AIFLNPs, and RAIFs, significant investments were made in private equity,
hedge funds, and real estate, while funds of funds comprised a smaller share of
the total AUM.
Among the 225 operational UCIs during this period, 198 were
domiciled in Cyprus, holding 74.1 percent of the total AUM. This group includes
13 UCITS, 49 AIFs, 45 AIFLNPs, and 91 RAIFs. Of these, 162 invest partially or
entirely in Cyprus, totaling €2.5 billion, which represents 26.6 percent of the
total AUM.
Private equity investments accounted for a significant share of
investments in Cyprus, while real estate also represented a noteworthy portion.
Energy, Fintech Investments Rise
In terms of unitholder categorization, retail investors made
up a substantial majority of UCITS. For AIFs, AIFNLPs, and RAIFs, a majority
were well-informed investors, followed by professional investors, with retail
investors constituting a smaller percentage.
Specific sector investments during the second quarter of
2024 included significant amounts in energy, fintech , shipping, and sustainable
investments. In the energy sector, investments reached €543 million, while €233
million went to fintech. Shipping attracted €743 million, and sustainable
investments accounted for €78 million.
This post is originally published on FINANCEMAGNATES.
