The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 31 December 2015 by £2.7 billion (1.2%) to £227.6 billion. For the year since 31 December 2014, total net asset values increased by £8.2 billion (3.7%).
Within these totals Guernsey domiciled open-ended funds decreased by £0.4 billion (-1%) over the quarter to £39 billion. This represents a decrease of £0.7 billion (-1.76%) over the year since 31 December 2014.
The closed-ended sector increased over the quarter by £2.2 billion (1.58%) to £140.6 billion. This represents an increase of £4.8 billion (3.53%) over the year since 31 December 2014.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, increased by £1 billion (2.1%) over the quarter to £48 billion. Since 31 December 2014 the net asset value of this sector has increased by £4.1 billion (9.33%).
The gross asset value of Guernsey open-ended funds as at 31 December 2015 was £40.9 billion, implying an average gearing level of 4.87%. The gross asset value represents a decrease of £10.8 billion since 30 September 2015. In the closed-ended sector, the gearing level is similar, with gross asset values of £153.6 billion (September 2015: £152.5 billion) implying a gearing level of 9.93%. The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 1.0%, based on gross asset values of £48.5 billion (September 2015: £47.5 billion).
The detailed statistics are available here.
Asset Management and Stockbroking
Returns were provided by 173 firms (September 2015: 157) confirming:
Gross Assets under Management: £142.47 billion (September 2015: £148.8 billion)
Turnover of Stockbroking Activities: £2,120.3 million (September 2015: £2,166.6 million)
Number of Accounts: 15,599 (September 2015: 15,586)
We anticipate uplift following the planned implementation of online submissions for the returns.