By ExpatBriefing.com Editorial 24 December, 2013
The net asset value of total funds under management and administration in Guernsey has decreased over the quarter ended 30 September, 2013 by GBP19bn (-6.6 percent) to GBP267bn, according to data released by the Guernsey Financial Services Commission (GFSC).
For the year since September 30, 2012, total net asset values decreased by GBP7.4bn (-2.7 percent).
Guernsey domiciled open-ended funds decreased by GBP5.1bn (-10.26 percent) over the quarter to GBP44.6bn. This represents a fall of GBP6.8bn (-13.2 percent) over the year since September 30, 2012.
The closed-ended sector decreased over the quarter, by GBP5.5bn (-3.8 percent) to reach GBP132.3bn. This represents an increase of GBP1.9bn (1.5 percent) over the period.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, decreased by GBP8.4bn (-8.5 percent) over the quarter to GBP90.4bn. Since September 30, 2012 the net asset value of this sector has decreased by GBP2.3bn (-2.4 percent).
The gross asset value of Guernsey open-ended funds as at September 30, 2013 was GBP60.5bn, a decrease of GBP7.3bn since June 30, 2013. That of the closed-ended sector was GBP148.7bn.
Tags: Investment | Financial Services | Investment Funds | Guernsey | Services | Expats |