Assets Under Management (“AUM”) of Collective Investments presented an increase during the third quarter of 2019, as stated in the bulletin published by the Cyprus Securities and Exchange Commission (“CYSEC”). According to the report, the AUM have recorded an increase of 12% compared to the second quarter of 2019, reaching the amount of €7.7billion. The full report and the records published by CYSEC can be found on their website https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1167099b-6d51-4856-9b85-6b0d593071aa.
The further increase of the AUM as recorded by CYSEC reaffirms the view that the fund industry in Cyprus has expanded and has enhanced attractiveness for investors and for clients who wish to establish their business. The fully upgraded and modernised legislative and regulatory framework which is fully compliant with the European framework has established Cyprus as a significantly competitive jurisdiction for the funds industry.
For further information and assistance, do not hesitate to contact our dedicated Financial Services and Funds Department at FinancialServices@kinanis.com .