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ARTICLE · 19 SEPTEMBER 2017

Eight Straight Quarters Of Growth For Guernsey Funds Sector

The total value of funds business in Guernsey grew by £4.5 billion (1.6%) during the second quarter of this year.

GuernseyWealth Management

The total value of funds business in Guernsey grew by £4.5 billion (1.6%) during the second quarter of this year.

Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of June 2017, the net asset value of all funds under management and administration in Guernsey stood at £271 billion. For the year since the end of June 2016, the total net asset value has increased by £23.9 billion (9.6%).

The latest quarterly growth also means that the island has not experienced a drop in total funds business value since the second quarter of 2015.

"The figures demonstrate the solidity and stability of our funds industry and the continuing attractiveness of Guernsey as a funds centre," said Guernsey Finance Chief Executive Dominic Wheatley.

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