The net asset value (NAV) of funds domiciled in Guernsey is at
its highest ever level following a 20% increase over the course of
a year, according to the latest figures from the Guernsey
Financial Services Commission (GFSC).
The regulator's most recent update for Q2 2021 confirmed
that the NAV increased in sterling terms by £9 billion over
the quarter, and by £45.8 billion between the end of Q2 2020
and the end of Q2 this year.
The figure has increased every quarter since the end of March
2020, and WE ARE GUERNSEY Chief Executive Rupert Pleasant said the
latest results show confidence in Guernsey's funds
industry.
"This increase has continued despite more than a year of
disruption due to Covid-19, and is living proof that Guernsey is a
leading specialist centre for the domiciling of funds," he
said. "Our offering of continuity, stability, resilience and
global market access in a time of global uncertainty is clearly
resonating strongly with investors.
