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CySEC: Collective Investments Surge Over 10% In Q4 2024

by News Editor

April 15, 2025

The Cyprus Securities and Exchange Commission (CySEC) reported a robust performance in the country’s collective investments sector for Q4 2024, with total Assets Under Management (AUM) reaching €10.1 billion — a quarterly increase of 10.21% and an annual rise of 17.66%.

Despite a 2.13% year-on-year decline in the number of Management Companies and Undertakings of Collective Investments (UCIs) — down to 321 from 328 — the sector saw strong capital inflows and asset growth. The 321 regulated entities comprise 220 Externally Managed UCIs, 32 Internally Managed UCIs, and 69 External Fund Managers.

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A Breakdown Of The Industry Structure

Management Companies: 45 AIFMs, 48 Sub-threshold AIFMs, 3 UCITS Management Companies, and 5 dual-licensed entities (AIFM & UCITS).
NAV: UCIs managed by these entities reported a Net Asset Value (NAV) of €9.6 billion.

Asset Distribution

60% of AUM is managed by AIFMs
18% by dual-licensed AIFMs & UCITS managers
11% by Sub-threshold AIFMs
10% by UCITS Management Companies
1% by foreign-managed UCIs

UCITS allocations leaned heavily toward transferable securities (87.6%), with smaller proportions in other UCIs (9.2%) and bank deposits (2.0%). AIFs, AIFLNPs, and RAIFs favored Private Equity (30.4%), Real Estate (14.7%), Funds of Funds (13.9%), and Hedge Funds (10.6%).

Local Footprint and Investment Trends: Of the 227 UCIs currently active, 201 are domiciled in Cyprus, collectively managing 75% of the total AUM. A notable €2.9 billion — 28.63% of the total — is invested partially or fully in Cyprus, with 65.2% of that focused on Private Equity and 13.5% in Real Estate.

Investor Composition

UCITS: 99.1% retail investors
AIFs, AIFLNPs, RAIFs: 64% well-informed investors, 23.9% professional, 12.1% retail

Sector Allocations (Q4 2024)

Shipping: €709.2 million (7.04% of total AUM)
Energy: €496.3 million (4.93%)
Fintech: €258.1 million (2.56%)
Sustainable Investments: €86.4 million (0.86%)

CySEC’s latest data reflects steady growth in Cyprus as a fund management hub, driven by investor confidence and diversification across asset classes and sectors.

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Cyprus Government Moves to Cut Electricity Prices

by THEFUTURE.TEAM

May 13, 2025

According to the government spokesman Konstantinos Letymbiotis, the Electricity Authority of Cyprus (EAC) and the energy regulator are set to meet this week to discuss a formula to lower the price of electricity.

This development comes from President Nikos Christodoulides’ remarks over the weekend, where he urged the EAC not to increase electricity rates. Christodoulides confirmed that he had a meeting with the EAC, asking them not to impose any increases at this juncture.

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The government spokesman emphasized that the current administration is committed to bringing down the price of electricity in any way possible. Letymbiotis noted that the state-run power utility and the regulator would make their own assessments based on the wider direction of the government regarding reductions in the coming time period.

It is worth noting that Cypriots pay the second-highest rates for electricity in Europe when adjusted for spending power, according to Eurostat data released last week. Only consumers in the Czech Republic paid more for their household energy bills than those in Cyprus.