The asset underneath administration (AUM) of funding administration corporations
supervised by the Cyprus Securities and Trade Fee (CySEC) reached €9.9
billion in the course of the third quarter (Q3) of 2022. This represents 7.2% and 14.7%
decreases when in comparison with the agency’s efficiency throughout Q2 2022 and Q3 2021.
“The lower in the worth of investments is especially because of
devaluation of belongings, redemptions of funding shares and asset disposals,”
CySEC defined in an announcement launched on Monday, including
that “the undesirable occasions and unexpected circumstances of the final couple of
years” made it not possible for Undertakings of Collective Investments (UCIs) corporations to not be affected.
In line with CySEC , the web worth of all funding funds in the course of the
quarter got here in at €8.9 billion. These funds had been invested within the power,
fintech, delivery, sustainable investments and cryptocurrency sectors, amongst others.
Giving a breakdown of the belongings, the Cypriot watchdog famous that €386.4
million or 3.913% of the AUM was invested within the power sector, €3.1
million or 0.031% in fintech , €117.7 million or 1.191% in delivery, €42.9
million or 0.434% in sustainable investments and €4.5 million or 0.046% in
digital belongings.
Moreover, CySEC famous {that a} whole of 208 UCIs or funding funds
had been lively in the course of the quarter. The supervisor added that 188 of those funds, which accounts for 85% of
the overall AUM, had been domiciled in Cyprus.
“From the overall 208 UCIs, 166 put money into Cyprus partially or fully and
these investments quantity to €2.4 billion or 23.8% of the overall Belongings Below
Administration. The 69.3% of the investments in Cyprus are in Non-public Fairness, whereas the
12.4% are in Actual Property,” CySEC defined.
CySEC’s Funding Administration Companies Enhance to 333
In the meantime, CySEC famous that the overall variety of administration firms and UCIs elevated to 333, which is up from 330
in the course of the prior quarter. Nonetheless, in contrast Q3 2021, the
quantity represents a much bigger 11.74% enhance.
Of the 333 supervised administration corporations and UCIs, 242 are operational,
CySEC stated, including that 212 of the corporations are externally
managed UCIs, 43 internally managed UCIs and 78 are exterior fund managers.
Moreover, the regulator famous that the corporations comprise: 46
various funding fund managers (AIFMs), 65 sub-threshold AIFMs, 4
Undertakings for Collective Funding in Transferable Securities (UCITS)
administration corporations and 6 different firms which maintain each the AIFM and UCITS licenses.
Furthermore, CySEC famous that almost all (62%) of belongings in the course of the quarter had been overseen by various funding fund managers. Different classes of corporations make up the remaining: 12% by sub-threshold AIFMs, 17% by corporations
holding twin licenses, 8% by the UCITS managers and only one% by regulated UCIs
overseen by international fund managers.
The asset underneath administration (AUM) of funding administration corporations
supervised by the Cyprus Securities and Trade Fee (CySEC) reached €9.9
billion in the course of the third quarter (Q3) of 2022. This represents 7.2% and 14.7%
decreases when in comparison with the agency’s efficiency throughout Q2 2022 and Q3 2021.
“The lower in the worth of investments is especially because of
devaluation of belongings, redemptions of funding shares and asset disposals,”
CySEC defined in an announcement launched on Monday, including
that “the undesirable occasions and unexpected circumstances of the final couple of
years” made it not possible for Undertakings of Collective Investments (UCIs) corporations to not be affected.
In line with CySEC , the web worth of all funding funds in the course of the
quarter got here in at €8.9 billion. These funds had been invested within the power,
fintech, delivery, sustainable investments and cryptocurrency sectors, amongst others.
Giving a breakdown of the belongings, the Cypriot watchdog famous that €386.4
million or 3.913% of the AUM was invested within the power sector, €3.1
million or 0.031% in fintech , €117.7 million or 1.191% in delivery, €42.9
million or 0.434% in sustainable investments and €4.5 million or 0.046% in
digital belongings.
Moreover, CySEC famous {that a} whole of 208 UCIs or funding funds
had been lively in the course of the quarter. The supervisor added that 188 of those funds, which accounts for 85% of
the overall AUM, had been domiciled in Cyprus.
“From the overall 208 UCIs, 166 put money into Cyprus partially or fully and
these investments quantity to €2.4 billion or 23.8% of the overall Belongings Below
Administration. The 69.3% of the investments in Cyprus are in Non-public Fairness, whereas the
12.4% are in Actual Property,” CySEC defined.
CySEC’s Funding Administration Companies Enhance to 333
In the meantime, CySEC famous that the overall variety of administration firms and UCIs elevated to 333, which is up from 330
in the course of the prior quarter. Nonetheless, in contrast Q3 2021, the
quantity represents a much bigger 11.74% enhance.
Of the 333 supervised administration corporations and UCIs, 242 are operational,
CySEC stated, including that 212 of the corporations are externally
managed UCIs, 43 internally managed UCIs and 78 are exterior fund managers.
Moreover, the regulator famous that the corporations comprise: 46
various funding fund managers (AIFMs), 65 sub-threshold AIFMs, 4
Undertakings for Collective Funding in Transferable Securities (UCITS)
administration corporations and 6 different firms which maintain each the AIFM and UCITS licenses.
Furthermore, CySEC famous that almost all (62%) of belongings in the course of the quarter had been overseen by various funding fund managers. Different classes of corporations make up the remaining: 12% by sub-threshold AIFMs, 17% by corporations
holding twin licenses, 8% by the UCITS managers and only one% by regulated UCIs
overseen by international fund managers.
