The net asset value (NAV) 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 (GFSC).
The regulator’s most recent update for Q2 2021 has confirmed that the NAV increased in sterling terms by £9bn over the quarter, and by £45.8bn 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.
We Are Guernsey Chief Executive Rupert Pleasant (pictured) commented: “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.
“Our offering of continuity, stability, resilience and global market access in a time of global uncertainty is clearly resonating strongly with investors.”
The latest statistics also show that the number of funds designated Guernsey Green Fund status has now hit double figures – there were 11 with a NAV of £3.9bn at the end of June 2021, and the GFSC has confirmed the total is now up to 14.