Q4 growth for Guernsey funds

The fourth quarter figures from the Guernsey Financial Services Commission, which report on the quarter ended 31 December 2017, show an encouraging sustained growth in the net asset value of the total funds under management and administration in Guernsey which stand at £270 billion.

Justin Hallett, a director of BDO in Guernsey commented: “Funds under management have increased by £14 billion (5.6%) during the year and this is the third consecutive year-on-year increase with total funds under management up over that period by £51 billion (23%). This long term trend demonstrates Guernsey’s continued offering as a stable and popular funds jurisdiction against the wider instability created by political events such as Brexit."

Justin added, “The statistics show a very healthy number of GFSC approvals in the quarter with 18 new funds and 19 new licensees being approved. A third of these new fund launches have taken advantage of the Private Investment Fund regime introduced at the end of 2016”.

“It is easy to focus on Brexit which is constantly in the news, however, as Guernsey has a well-established third country relationship with the European Union it continues to offer a stable and well respected base to domicile funds. There are wider opportunities for Guernsey outside of Europe such as the developing wealth and inward investment from the Asian countries and the growing interest in Guernsey fund offerings from South Africa” he added.

For a full overview of growth statistics visit: https://www.gfsc.gg/industry-sectors/investment/statistics