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.
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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.”
