The number of investment funds in Cyprus increased in September 2024 compared to June of the same year, despite a slight decline in their total assets, which amounted to €6.79 billion, according to the Central Bank of Cyprus (CBC).

The CBC reported that the total number of investment funds rose from 330 in June 2024 to 334 in September 2024.

However, their total assets decreased by 0.8 per cent, from €6.84 billion in June to €6.79 billion in September.

What is more, data from the CBC revealed that deposits and loans held by investment funds reached €777.9 million at the end of September 2024.

This represents a slight decrease from the amount of €784.7 million recorded in June.

Similarly, the value of debt securities held by investment funds was €596.5 million in September 2024, compared to €596.8 million in the previous quarter.

Finally, equities and related securities represented the largest component of investment funds’ portfolios, amounting to €4.90 billion in September, a slight decrease from €4.94 billion in June 2024.