New figures show that the value of investment fund business in
Guernsey grew by £6.2 billion (2.4%) during the first quarter
of this year.
The increase represents the seventh consecutive quarter of
growth and takes the net asset value of funds under management and
administration in the Island to a new record high of £263.6
billion at the end of March 2011. This is a rise of £66.2
billion (33.6%) compared to the end of March 2010.
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry
internationally, said: "We are continuing to build very
positively on the exceptional growth during 2010 to start this year
with a further, if slightly slower, increase in the value of funds
business carried out in the Island. It was always going to be
difficult to sustain the rates of increase experienced last year
but the fact that we have maintained the upward trend and now
recorded seven consecutive quarters of growth shows the
