The total value of funds business in Guernsey has grown for the
fourth consecutive quarter.
Figures from the Guernsey Financial Services Commission (GFSC)
show that, at the end of June 2016, the net asset value of all
funds under management and administration in Guernsey stood at
£247.1 billion – an increase of £9.1 billion
(3.8%) since the end of March. For the year ending 30 June 2016,
the total value of funds in Guernsey increased by £27.2
billion (12.3%).
"We have now enjoyed four consecutive quarters of growth
which demonstrates confidence in Guernsey's fund sector,"
said Guernsey Finance Chief Executive Dominic Wheatley.
"Exchange rate factors since Brexit have played some part
in this increase, but we also saw some large fund launches in the
second quarter which played a significant role in the overall
increase in the value of funds under management in Guernsey. What
is equally encouraging is that closed-ended funds, open-ended funds
and non-Guernsey
