Investment fund returns of life insurance companies recorded positive yields in 2015 according to new data by the Association of Insurance companies.

Based on the figures, large investment funds yielded significant profits over the last 12 months.

However, despite positive yields, many funds are losing assets due to the trend of redeeming insurance contracts because of the lack of liquidity in households.

Among the fifteen largest insurance funds, Metlife Alico Dynamic Fund recorded the biggest yield of 5.52% over the last year.

The second biggest yield is recorded by Eurolife Growth Fund with 4.07% in 2015.

Universal Life’s Growth Fund and Allianz Hellas’ Unit Linked fund come next with a yield of 3.83% and 3.09% respectively.

The top five performers are completed by Eurolife’s Balance Fund which recorded a yield of 2.19% in 2015.

The Primebalanced fund of Prime Insurance yielded 1.11%.

Six other funds, including CNP Cyprialife’s Cyprialife and secure funds and Universal Life’s security fund, recorded smaller yields.

Among the fifteen largest insurance investment funds three had no returns in 2015. These are Universal Life’s Property Fund, Eurolife’s Guaranteed Fund and Universal Life’s Guaranteed Fund.

The amount of assets of the fifteen largest insurance funds ranges from €15,3 mn and expands to €312,1 mn.

The largest insurance fund by size is Eurolife ‘s Balanced Fund with assets of €312,1 mn, followed by Universal Life’s Growth Fund with €82,9 mn. and Universal Life’s Property Fund with €71,1 mn.