Guernsey's Fund Sector Contracts Slightly
by Jason Gorringe, Lowtax.net, London
11 December, 2014
Figures published by the Guernsey Financial Services Commission show that the net asset value of total funds under management and administration in Guernsey fell slightly in the third quarter, by GBP400m (USD625m) to GBP260.9bn.
For the year up to September 30, 2013, the total net asset value of funds under management and administration has decreased by GBP6.1bn, a drop of 2.3 percent.
Within these figures, Guernsey-domiciled open-ended funds increased by GBP1bn (2.5 percent) over the quarter to GBP41.7bn, and the closed-ended sector increased by GBP100m (0.1 percent) to GBP135.8bn.
Non-Guernsey schemes, for which some aspect of management, administration, or custody is carried out in Guernsey, decreased by GBP1.5bn (1.8 percent) over the quarter to GBP83.4bn. Since September 30, 2013, the net asset value of this sector has decreased by GBP7bn (7.7 percent).
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