Cyprus Securities and Exchange Commission (CySEC) issued on the 5th March 2020 the Quarterly Statistical Publication for Management Companies and Undertakings of Collective Investments (UCIs) which provides CySEC’s key findings regarding the Collective Investments Sector in Cyprus.
Based on the statistics, the total Assets under Management (AuM) for the 4th quarter of 2019 amounted to € 8.3 billion, an increase of 8% compared to the previous quarter. UCIs managed by Management Companies had a Net Asset Value (NAV) of € 6.4 billion. Around 65.4% of AuM comes from assets managed by AIFMs, 25.9% by Sub-Threshold AIFMs, 4.2% by UCITS Management Companies, 3.3% by CIFs and 1.2% by Regulated UCIs managed by Foreign Fund Managers.
Out of the € 8.3 billion, only € 1.1 billion (13.4 % of total AUM) are investments made in Cyprus. Private Equity investments amount to 12% of investments made in Cyprus while Real Estate investment amount to 23%.
UCITSs invest heavily in Transferable Securities (83%), followed by investments in Bank Deposits (9.2%). AIFs, AIFLNPs and RAIFs mainly invest in Private Equity (42.4%), while Real Estate investment makes up 14% of AUM.
In regards to the categorisation of unit-holders, for UCITs these are mainly Retail Investors (99.4%), while for AIF, AIFNLP and RAIF, 54.1% of them are Professional Investors, 42.1% Well-Informed Investors and only 3.8% Retail Investors.
In the 4th quarter of 2019, the total AuM in the energy sector amounted to € 125.8 million (1.52% of total AUM), in the Fintech sector to € 31 million (0.38% of total AUM), in shipping to € 22.8 million (0.28% of total AUM) and in Sustainable investments to €13.2 million (0.16% of total AUM).
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