First Quarter 2006 investment Statistics
1st June 2006Funds under management and administration grew by £11.3 billion (11.3%) over the quarter ended 31 March 2006 to reach a total of £111.4 billion. Over the year as a whole, values increased by £35.8 billion, an increase of 47.4%.
Within these totals, Guernsey domiciled open-ended funds grew by £5.3 billion (10.9%) over the quarter and by £17.2 billion (47.5%) over the year as a whole to reach a new record total of £53.5 billion. Closed-end funds also grew, with increases of £2.7 billion (8.8%) over the quarter and £10.3 billion (43.6%) over the year as a whole, to reach £33.8 billion, also a new record.
Non-Guernsey schemes, for which some aspect of management or administration is carried out in the Bailiwick, increased by £3.3 billion (16.0%) over the quarter and by £8.3 billion (52.6%) over the year to reach a new high of £24.0 billion.
By the end of March 2006, a total of 42 Qualifying Investor Funds had been approved since launch of the scheme on 7 February.
Peter Moffatt, Director of Investment Business at the Guernsey Financial Services Commission, said:
“New fund approvals continue to run at record levels. There is a continuing flow of inquiries,
from those with an established track record of domiciling their international funds in Guernsey. Demand from new promoters to set up here, attracted by the quality of Guernsey’s service providers and in recognition for pragmatic regulation has also increased significantly
The detailed statistics are available here.
Enquiries to: Peter Moffatt, Director of Investment Business
Carl Rosumek, Deputy Director of Investment Business
Tel: (01481) 712706 Fax: (01481) 713361
International dialling code: +44 1481
1 June 2006
Within these totals, Guernsey domiciled open-ended funds grew by £5.3 billion (10.9%) over the quarter and by £17.2 billion (47.5%) over the year as a whole to reach a new record total of £53.5 billion. Closed-end funds also grew, with increases of £2.7 billion (8.8%) over the quarter and £10.3 billion (43.6%) over the year as a whole, to reach £33.8 billion, also a new record.
Non-Guernsey schemes, for which some aspect of management or administration is carried out in the Bailiwick, increased by £3.3 billion (16.0%) over the quarter and by £8.3 billion (52.6%) over the year to reach a new high of £24.0 billion.
By the end of March 2006, a total of 42 Qualifying Investor Funds had been approved since launch of the scheme on 7 February.
Peter Moffatt, Director of Investment Business at the Guernsey Financial Services Commission, said:
“New fund approvals continue to run at record levels. There is a continuing flow of inquiries,
from those with an established track record of domiciling their international funds in Guernsey. Demand from new promoters to set up here, attracted by the quality of Guernsey’s service providers and in recognition for pragmatic regulation has also increased significantly
The detailed statistics are available here.
Enquiries to: Peter Moffatt, Director of Investment Business
Carl Rosumek, Deputy Director of Investment Business
Tel: (01481) 712706 Fax: (01481) 713361
International dialling code: +44 1481
1 June 2006