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ARTICLE · 05 FEBRUARY 2018

Consecutive Year-On-Year Growth For Guernsey Funds Sector

The total value of funds business in Guernsey grew by approximately £20 billion over the 12 months to the end of the third quarter of last year.

GuernseyWealth Management

The total value of funds business in Guernsey grew by approximately £20 billion over the 12 months to the end of the third quarter of last year.

Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of September 2017, the net asset value of all funds under management and administration in Guernsey stood at £269 billion – an 8% increase on September 2016. The figures also confirm two consecutive years of growth, with the net asset value of funds growing by nearly £25 billion between Q3 2015 and Q3 2016.

The annual increase was largely thanks to the growth of Guernsey-domiciled closed-ended funds, which increased by £13.7 billion (8.98%) over the year. Guernsey open-ended funds remained stable at £43.9 billion.

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