Record number of investment funds

A significant increase of 12.6% was recorded in the first quarter of 2023 in the assets under management of the Cypriot Investment Funds, compared to 2022, says the Cyprus Investment Funds Association (CIFA). CIFA President Andreas Yiasemides stressed the need to complete the regulatory framework to turn Cyprus into an even more attractive destination. According to a statement, CIFA said the Investment Funds sector in Cyprus lays solid foundations for further development. “It is proving resilient amid a period of intense volatility in the international capital markets, which inevitably affected Cyprus as well”. At the end of March 2023, the…