Total assets of investment funds in Cyprus increased more than half a billion in March 2023 compared to December 2022.

According to the data released on Wednesday by the Central Bank of Cyprus (CBC), the number of investment funds increased from 286 in December 2022 to 290 in March 2023.

The total assets of these funds increased by approximately 7% to €8.3 billion in March 2023, compared with €7.7 billion in December 2022.

The increase was mainly due to the value of the shares that the investment funds had in their assets, which amounted to €6.48 billion compared to €5.98 billion in December 2022.

At the end of March shares corresponded to 78% of the total assets of investment funds.