The value of Total Assets under Management reached €11.1bn in the 1st quarter of 2022, recording a decrease of 3.9% compared to the 4th quarter of 2021, according to the latest Quarterly Statistics bulletin published by the Cyprus Securities and Exchange Commission (CySEC). The statistical bulletin can be found on CySEC’s website and presents the most important data on the Collective Investments sector in Cyprus. 

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Based on the data of the 1st quarter of 2022, CySEC supervises 322 Management Companies and Undertakings of Collective Investments (UCIs), 235 of which have operations. More specifically, it supervises 206 Externally Managed UCIs, 44 Internally Managed UCIs and 72 External Fund Managers. The total number of Management Companies includes 41 AIFMs, 66 Sub-threshold AIFMs, 4 UCITS Management Companies and 5 dual license entities (AIFMs and UCITS Management Companies).

The Total Assets Under Management (AUM) for the 1st quarter of 2022 reached €11.1 billion, recording a 3.9% decrease since the 4th quarter of 2021 and the UCIs, managed by the Management Companies had a Net Asset Value (NAV) of €9.6 billion. Approximately 56% of the AUM relate to Assets managed by the AIFMs, 12% by the Sub-threshold AIFMs, 23% by the AIFMs and UCITS Management Companies, 8% by the UCITS Management Companies and only 1% by the Regulated UCIs that are managed by Foreign Fund Managers.

As it comes to the investment policy of UCITS, it appears that they invest heavily in Transferable Securities (84.6%), followed by the investments in bank deposits (8.1%) and investments in UCITSs and UCIs (5.8%). AIFs, AIFLNPs and RAIFs invest mainly in Private Equity (39.1%), while the investment in Hedge Funds represents the 11.4% of the AUM. 

There is a total of 203 UCIs in operation. Comprising 80.4% of the total AUM, there are 184 UCIs domiciled in Cyprus (12 UCITS, 59 AIF, 58 AIFLNP and 55 RAIF). From the total 203 UCIs managed by UCIs Management Companies, 156 invest in Cyprus entirely or partially and €2.5 billion (22.5%) are investments made in Cyprus. The 66.3% of the investments in Cyprus are in Private Equity, while the 12.4% of the investments in Cyprus are in Real Estate. 

When it comes to categorising unit-holders, the majority of UCITs are Retail Investors (99.2%), while for AIF, AIFNLP and RAIF, 30.7% of them are Professional Investors, 57.4% Well-Informed Investors and only 11.9% Retail Investors.
Regarding the specific sectors that UCIs invested in, during the 1st quarter of 2022, AUM in the Energy sector totaled €346.2m (3.117% of total AUM), while €28.8m was invested in Fintech (0.259% of total AUM), €82.5m in Shipping (0.742% of total AUM), €36.9m, in the Sustainability sector (0.332% of total AUM) and €9m in Cryptocurrencies (0.081% of total AUM).