Remarkable Growth in Cyprus Investment Fund Sector Draws Interest from India, the Middle East, and Japan
The recent developments in Cyprus investment fund sector have generated significant interest. Also, particularly from investors in India, the Middle East, and Japan. These developments were showcased during the 9th International Funds Summit and Expo. Further, a prestigious event jointly organized by key associations in Cyprus.
Cyprus Investment – grade status
At the summit, the government’s commitment to research, innovation. Also, technology as drivers of economic growth are highlight. This dedication is reward with Cyprus attaining investment-grade status. Furthermore, recognized by international rating agencies. Cyprus’ strengths in fostering innovation. Also, including its strong connections with small and medium-sized enterprises, robust research systems. Furthermore, innovative business processes, have positioned it favorably in the European Union and the Global Innovation Index.
Cyprus Investment – Vision 2035
The government’s long-term strategic plan, Cyprus Investment Vision 2035, aims to establish the island as a regional hub for innovation and technology. This vision seeks to leverage digitalization to make Cyprus an attractive destination for living. Also, working, and conducting business. The Research and Innovation Foundation plays a pivotal role in supporting the Cypriot ecosystem through funding programs. Also, support services aimed at nurturing innovative startups and businesses targeting global markets. The foundation’s new funding framework for 2021-2027 allocates an additional €150 million to various sectors. Further, promoting research, collaboration, knowledge transfer, innovation. Also, infrastructure, capacity development, and internationalization.
Funds
The summit also underscored the sector’s remarkable growth, with total assets under management reaching €10.7 billion by the second quarter of 2023, marking a significant 175% increase since 2017. The Cyprus Investment Funds Association (CIFA) observed a growing trend of capital managers from various regions, drawn to Cyprus Investment significant advantages in the investment sector. There is notable interest from India, the Middle East, and Japan in establishing a presence in Cyprus. The sector’s diversification is evident, with a variety of asset management and collective investment companies totaling 334, managing assets exceeding €10.7 billion. Over 160 collective investment organizations are investing in Cyprus, with investments totaling over €2.8 billion, emphasizing the sector’s strength and appeal.
Kind of Investments
The prominence of Cyprus Investment as a mutual fund jurisdiction is underscore by the allocation of nearly 90% of assets under management to securities. This diversification includes investments in private equity, hedge funds, real estate, and mutual funds. Furthermore, Cyprus Investment top-ranking in Europe for cross-border investment services demonstrates its role as a leader in regulated industries and its ability to meet global financial standards.
Conclusion
At GK LLC, we are dedicated to supporting you with your investment matters and providing expert advice for your investments. Our team is committed to helping you make informed decisions and navigate the intricacies of the investment landscape. Whether you are a seasoned investor or just beginning to explore opportunities, we are here to offer our expertise and guidance to ensure your investments align with your financial goals. Your success is our priority, and we look forward to assisting you every step of the way.