The total value of funds business in Guernsey grew by more than
£28 billion last year.
New figures from the Guernsey Financial Services Commission
(GFSC) show that the net asset value of funds under management and
administration in the island grew by £6.5 billion (2.6%)
during the fourth quarter of 2016.
This built on the £21.9 billion growth during the first
nine months of the year to take the total value of funds business
in Guernsey to £255.9 billion at the end of December
2016.
"It is encouraging to see strong annual growth in
Guernsey's funds sector," said Guernsey Finance Chief
Executive Dominic Wheatley.
"In fact, we have now enjoyed six straight quarters of
growth which, when coupled with continued fund formations,
particularly in the closed-ended sector, further demonstrates the
solidity and stability of Guernsey as a jurisdiction for the
administration and management of a diverse range of
funds."
