The net asset value (NAV) of Guernsey funds has surpassed
£300 billion for the first time.
According to the latest figures from the Guernsey Financial
Services Commission (GFSC), the island's regulator,
the NAV for funds domiciled in Guernsey stood at £303.6
billion at the end of December 2021, a £58.1 billion (23.7%)
increase over 12 months.
The NAV has increased every quarter since the end of Q2 2020,
and the total number of funds, standing at 843, is also at the
highest level for nearly 10 years.
The statistics also show that schemes designated Guernsey Green
Fund status have a NAV of £4.4 billion which is, again, the
highest level to date.
WE ARE GUERNSEY Chief Executive Rupert Pleasant said: "With
an all-time high NAV and the consistent increase in funds domiciled
in Guernsey, these figures show excellent confidence in our funds
industry and demonstrate that we have both quality and quantity on
the island.
