GFSC highlights Q4 2018 investment statistics

Posted: 06/03/2019

The Guernsey Financial Services Commission has published its latest figures on general investment across the island, which show an increase over the fourth quarter.

• Investment funds – The net asset value of total funds under management and administration has increased in sterling terms during the quarter ended 31 December 2018 by £1.7bn (0.6%) to £281.7bn. For the year since 31 December 2017, total net asset values increased by £11.7bn (4.3%). 

• Open-ended funds – Within these totals, Guernsey domiciled open-ended funds decreased by £1.1bn (-2.5%) over the quarter to £42.5bn. This represents a decrease of £1bn (-2.3%) over the year since 31 December 2017.

• Closed-ended funds – The sector increased over the quarter by £4.2bn (2.4%) to £176.3bn, representing an increase of £9.9bn (5.9%) over the year since 31 December 2017.

• Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the bailiwick, decreased by £1.6bn (-2.5%) over the quarter to £62.8bn. Since 31 December 2017, the net asset value of this sector has increased by £2.4bn (3.9%).

• The gross asset value of Guernsey open-ended funds as at 31 December 2018 was £56.3bn, implying an average gearing level of 32.4%. The gross asset value represents an increase of £1.7bn since 30 September 2018.

In the closed-ended sector, the gearing level is lower, with gross asset values of £194.5bn (September 2018: £189.3bn), implying a gearing level of 10.3%.

The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 0.3%, based on gross asset values of £63bn (September 2018: £64.5bn).

• The detailed statistics are available here

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