The net asset value of total funds under management and administration in Guernsey increased 8% over the 12 months to the end of the third quarter of 2017 to £269bn, according to a report by the Guernsey Financial Services Commission (GFSC).
The island’s closed-ended fund sector was valued at £166bn at the end of September 2017, up 8.98% compared to the year ago period.
Go deeper with GlobalData
Open-ended funds domiciled in Guernsey were valued at £43.9bn, down 3.7% from last year.
For non-domiciled Guernsey funds that have some aspect of their management, administration or custody carried out in the Bailiwick, the value increased 15.23% year-on-year to £59bn.
The gross asset value of the island’s open-ended funds at the end of September 2017 was £54.8bn, while that of the closed-ended sector was £184bn.
Guernsey Finance CEO Dominic Wheatley said: “This consistency in Guernsey’s funds sector highlights how stable and attractive we are as a place to domicile funds, especially in the face of political instability causing uncertainty globally over the last couple of years.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
