The total value of funds business in Guernsey grew by more than
£15 billion last year.
New figures from the Guernsey Financial Services Commission (GFSC)
show that the net asset value of funds under management and
administration in the Island grew £2.4 billion (0.8%) during
the fourth quarter of 2012. This built on the £13 billion
growth during the first nine months of the year to take the total
value of funds business in Guernsey to £276.8 billion at the
end of December 2012.
This represents an increase of £15.4 billion (5.8%) on a
year previous, growth of £19.4 billion (7.5%) on the same
time two years ago and a rise of £92.6 billion (50.3%) since
the end of December 2009.
Fiona Le Poidevin, Chief Executive of Guernsey Finance - the
promotional agency for the Island's finance industry, said:
"We have now enjoyed four consecutive quarters of growth since
the beginning of 2012 which is very encouraging. It demonstrates
confidence in Guernsey's funds
