ARTICLE · 23 SEPTEMBER 2014

Guernsey Adds 42 News Funds In Quarter Two

Guernsey Finance

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Guernsey's financial services regulator approved 42 new investment funds during the second quarter of this year, resulting in a total of 131 additions during the 12 months to the end of June.

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Guernsey Finance

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Guernsey's financial services regulator approved 42 new investment funds during the second quarter of this year, resulting in a total of 131 additions during the 12 months to the end of June.

Figures from the Guernsey Financial Services Commission (GFSC) show that 33 new funds were approved during the third quarter of 2013 and 30 during the fourth, along with 26 during the first quarter of 2014 and 42 during the second quarter.

The GFSC approved two open-ended funds, 17 closed-ended funds and 23 non-Guernsey open-ended schemes between the start of April and the end of June. Taking into account licences relinquished, this represents net growth of 13 funds during the quarter and takes the total number of funds currently approved for domiciling or servicing in Guernsey to 1,108.

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