Originally published in the Ipes Newsletter, June
2011.
Peter Niven, Chief Executive of Guernsey Finance, points
to a series of positive factors at play which give rise to optimism
for the future of the Island's funds industry.
The world was sent into shock by the global financial crisis and
whilst Guernsey was not immune, the Island sheltered from its most
severe effects. Guernsey's finance industry has proved
extremely resolute and is rebounding well, led in no small part by
the funds sector.
Indeed, the recently published www.FundDomiciles.com Stability Index 2011
shows that Guernsey was the highest placed jurisdiction to show the
most improvement, with a move up from sixth place in 2010 to third
this year. Luxembourg remains the most stable fund domicile, with
Malta in second position. The FundDomiciles.Com rankings are based
on a combination of macroeconomic and fiscal data, as well as fund
flow statistics.
