The value of investment funds in Guernsey grew by £12bn
(7%) in the third quarter of the year.
This positive result reverses the trends experienced during the
previous twelve months and takes the net asset value of funds under
management and administration in Guernsey to £181.5bn at the
end of September.
However, the figures from the Guernsey Financial Services
Commission (GFSC) show that this still represents a contraction of
£20bn (10%) year on year.
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry, said:
"It is very pleasing to see that there is some light at the
end of what has been a long tunnel. Many firms in the Guernsey
funds sector have been reporting an upturn in business during the
last few months and this is now being endorsed by the figures from
the Commission.
