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ARTICLE · 12 NOVEMBER 2014

Funds Value Passes £200 Billion Mark During Stable Quarter

The latest statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending 30th June, 2014.

JerseyFinance and Banking

The latest figures for all sectors of Jersey's finance industry show stability and signs of new growth, led by the funds sector where the value of funds business passed through the £200 billion mark for the first time since June last year.

The statistics highlight that the net asset value of funds increased by £5.1 billion in the second quarter of 2014 to just over £200 billion, with the increase most notable in real estate funds which shows growth of nearly 20% during the quarter. Although bank deposits fell slightly, they remain stable and Geoff Cook, chief executive, Jersey Finance Limited, described the picture overall as showing 'clear signs of recovery.'

The latest statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending 30th June, 2014. Headline figures include:

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