Fourth Quarter 2016
The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 31 December 2016 by £6.5 billion (2.6%) to £255.9 billion. For the year since 31 December 2015, total net asset values increased by £28.4 billion (12.5%).
Within these totals Guernsey domiciled open-ended funds decreased by £3.3 billion (-7.2%) over the quarter to £42.3 billion. This represents an increase of 3.3 billion (8.5%) over the year since 31 December 2015.
The closed-ended sector increased over the quarter by £6.8 billion (4.45%) to £159.4 billion. This represents an increase of £19 billion (13.37%) over the year since 31 December 2015.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, increased by £3 billion (5.86%) over the quarter to £54.2 billion. Since 31 December 2015 the net asset value of this sector has increased by £6.2 billion (12.92%).
Gross Asset Values and Gearing
The gross asset value of Guernsey open-ended funds as at 31 December 2016 was £54.5 billion, implying an average gearing level of 28.84%. The gross asset value represents a decrease of £5.5 billion since 30 September 2016.
In the closed-ended sector, the gearing level is similar, with gross asset values of £174 billion (September 2016: £165 billion) implying a gearing level of 9.22%.
The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 1%, based on gross asset values of £54.8 billion (September 2016: £51.5 billion).
The detailed statistics are available here.
Enquiries to: Emma Bailey, Director Investment Supervision and Policy Division
Tel: (01481) 712706 Fax: (01481) 726952
International Dialling Code: +44 1481