Based on the statistics for the 3rd quarter of 2019, CySEC has under its supervision in total 203 Management Companies and Undertakings of Collective Investments (UCIs). From these, 130 companies have operations.
The total number of companies includes, 104 Externally Managed UCIs, 58 Internally Managed UCIs and 41 External Fund Managers. The Total number of Management Companies includes 28 AIFMs, 67 Sub-threshold AIFMs and 4 UCITS Management Companies.
The Total Assets Under Management (AUM) for the 3rd quarter of 2019 reached €7.7 billion, recording a 12% increase compared to the 2nd quarter of 2019 and the UCIs, managed by the Management Companies had a Net Asset Value (NAV) of €5.6 billion.
Approximately 64.6% of the AUM relate to Assets managed by the AIFMs, 28.2% by the Sub-threshold AIFMs, 3.2% by the UCITS Management Companies, 2.7% by the CIFs and only 1.3% by the Regulated UCIs that are managed by Foreign Fund Managers. UCITSs invest heavily in Transferable Securities (80%), followed by the investments in Bank Deposits (10%). AIFs, AIFLNPs and RAIFs invest mainly in Private Equity (40%), while the investment in Real Estate represents the 15% of the AUM.
There are 117 UCIs in total with operations. The 71% of the total AUM, relates to 105 UCIs domiciled in Cyprus (10 UCITS, 32 AIF, 62 AIFLNP and 1 RAIF). From the total 117 UCIs managed by UCIs Management Companies, 79 invest in Cyprus entirely or partially and €1.9 billion (26%) are investments made in Cyprus.
The 48% of the investments in Cyprus are in Private Equity, while the 15% of the investment in Cyprus are in Real Estate. Finally, regarding the categorisation of the unit-holders, for UCITs these are mainly Retail Investors (99.3%), while for AIF, AIFNLP and RAIF, 51.5% of them are Professional Investors, 45.3% Well-Informed Investors and only 3.2% Retail Investors.