Guernsey's financial services regulator approved 26 new
investment funds during the first quarter of this year, which means
that there were a total of 113 additions during the 12 months to
the end of March.
Figures from the Guernsey Financial Services Commission (GFSC)
show that 24 new funds were approved during the second quarter of
2013, 33 during the third, 30 during the final quarter and 26 in
the first quarter of 2014.
The GFSC approved four open-ended funds, 14 closed-ended funds
and eight non-Guernsey schemes between the start of January and the
end of March.
Fiona Le Poidevin, Chief Executive of Guernsey Finance - the
promotional agency for the Island's finance industry, said:
"It is very positive to see this high number of new funds
being approved for domiciling or servicing in Guernsey. During
2013, there was a notable increase in approvals, especially in the
second half of the year and it is encouraging that this has
continued during the first quarter
