Guernsey Funds Growth Points To Promising Future

Senior figures from within Guernsey's fund industry have welcomed the continued increase in the value of funds under management and administration in the island.

Statistics released at the end of last month by 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 has increased by £27.2 billion (12.3%).

Speaking to the Guernsey Press, Andrew Whittaker, Chairman of the Guernsey Investment Fund Association and Managing Director of Ipes, said the stats were very good news.