Total assets of investment funds in Cyprus increased by approximately pound 293 million or by 4.5% in March 2024, compared to December 2023, reaching pound 6.78 billion, mainly due to the increase of approximately pound 260 million of their investments in shares and other related securities, which amounted to a total of pound 4.93 billion. According to data released by the Central Bank of Cyprus (CBC), the number of investment funds increased from 316 in December 2023 to 328 in March 2024, while their total assets increased by 4.5% to pound 6,788.6 million in March 2024, compared to pound 6,495.5 million in December 2023. According to CBC data, their deposits and loans stood at pound 782.5 million at the end of March, up from pound 760.9 million in December 2023. The value of securities held by them in March 2024 stood at pound 570.9 million, up from pound 554.6 million in December last year. Source: Cyprus News Agency
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