ARTICLE
22 June 1997

Funds Make New Records

Guernsey Wealth Management
The value of Guernsey funds under management increased strongly during the first quarter with the total value of funds under management rising 15% to a record £15.4 billion.

In the open-ended sector the net asset value of funds ("NAV") was £10.3 billion, an increase of 14.6%. The sector remained buoyant with record sales of £1.5 billion and net new investment totalling £751 million - another record. There was an increase of nearly 4% in the number of registered investors to 111,380 worldwide.

Seven fund promoters/sponsors, not previously represented in the Island, launched Guernsey authorised funds during the quarter.

The closed-end sector was equally buoyant with the value of funds under management increasing by 15.6% to a total of £5.1 billion.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Peter Crook on Tel: +44 (0) 1481 712706

Click Contact Link

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More