Statistics from the Guernsey Financial Services Commission for the first quarter of 2016 show that the net asset value of funds under management and administration in Guernsey grew by £10.4 bn – an increase of 4.6 per cent.
At the end of March 2016, the net asset value of all funds under management and administration in the Island stood at £238bn – a healthy increase of £15.8bn (7.1 per cent) over the last 12 months.
The value of Guernsey closed-ended funds increased by £9bn (6.4 per cent) to £149.6bn during the quarter. The value of Guernsey open-ended funds also increased in value, by £1.4bn (3.6 per cent) to £40.4bn during the first quarter.
Bryon Rees, partner at Ogier's top-ranked funds team, welcomed the positive figures, saying: "It is pleasing that the recent trend of an increase in the value of funds under management has continued this quarter.
"We continue to see positive sentiment towards Guernsey and new funds coming to market.
"We also see continued interest in the migration of funds established elsewhere into Guernsey – yet another positive endorsement for the jurisdiction."
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