Cyprus’ investment funds industry continues to thrive, with total assets under management now surpassing €9 billion. The announcement came during the Cyprus Investment Funds Association (CIFA)’s Annual General Meeting held on April 10, where the sector’s resilience and strategic growth were in the spotlight.
Over 330 Licensed Funds Operating in Cyprus
During the event, CIFA President Maria Panayiotou highlighted that more than 330 licensed investment entities are now active in Cyprus—a testament to the country’s strong reputation as a trusted, well-regulated EU jurisdiction for financial services.
She credited this success to the collaborative efforts between public institutions and private stakeholders, combined with a stable legal framework that fosters investor trust and sustainable capital growth.
“Cyprus remains committed to creating the right environment for long-term, responsible investment,” said Panayiotou, adding that investor confidence is the cornerstone of future industry expansion.
Reforms and International Promotion on the Horizon
Panayiotou pointed to upcoming legislative reforms—such as the anticipated Fund Administration Law and revisions to the laws governing Alternative Investment Funds and partnerships—as key drivers that will enhance the competitiveness of the local fund management space.
CIFA’s global visibility is also on the rise. Following a successful 2024 roadshow in Athens, the association plans to host targeted promotional events in both Germany and the Middle East, markets identified as strategically important for future growth.
Education, Financial Literacy, and ESG in Focus
Panayiotou emphasized CIFA’s growing efforts to boost professional development within the industry. The association has ramped up its training programs, offering more specialized workshops and accredited courses tailored to the sector’s evolving needs.
Beyond industry-specific education, CIFA is also actively supporting national initiatives to improve financial literacy. Through its role in the Cyprus Financial Literacy and Education Committee (CyFLEC), it aims to empower individuals and families to make smarter, long-term financial decisions.
The AGM wrapped up with a thought-provoking panel discussion on ESG (Environmental, Social, and Governance) investment trends—highlighting the increasing importance of sustainable finance in shaping the future of global fund management.
Source: Stockwatch.com.cy