Saturday 23 October 2021
Select a region
Business

Value of Guernsey-domiciled funds hits new high

Value of Guernsey-domiciled funds hits new high

Wednesday 13 October 2021

Value of Guernsey-domiciled funds hits new high


The net asset value of funds domiciled in Guernsey is at its highest ever level following a 20% increase over the course of a year, according to the latest figures from the Guernsey Financial Services Commission.

The regulator’s most recent update for Q2 2021 confirmed that the NAV increased in sterling terms by £9 billion over the quarter, and by £45.8 billion between the end of Q2 2020 and the end of Q2 this year.

The figure has increased every quarter since the end of March 2020, and WE ARE GUERNSEY Chief Executive Rupert Pleasant said the latest results show confidence in Guernsey’s funds industry. 

“This increase has continued despite more than a year of disruption due to Covid-19, and is living proof that Guernsey is a leading specialist centre for the domiciling of funds,” he said. “Our offering of continuity, stability, resilience and global market access in a time of global uncertainty is clearly resonating strongly with investors. 

“We look forward to sharing more of our key messages in this sector at the Guernsey Funds Forum at the end of November.”

The latest statistics also show that funds designated Guernsey Green Fund status has now hit double figures, with 11 in total with a NAV of £3.9 billion at the end of June 2021, but the GFSC’s website confirms that the total is now up to 14.

Sign up to newsletter

 

Comments

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?