March Quarter 2019 Statistics13th June 2019
First Quarter 2019
The net asset value of total funds under management and administration has decreased in Sterling terms during the quarter ended 31 March 2019 by £1.3 billion (0.5%) to £280.4 billion. For the year since 31 March 2018, total net asset values increased by £17.9 billion (6.8%).
Within these totals, Guernsey domiciled open-ended funds remained unchanged over the quarter at £42.5 billion. This represents an increase of £0.7 billion (1.6%) over the year since 31 March 2018.
The closed-ended sector decreased over the quarter by £2.1 billion (-1.2%) to £174.2 billion. This represents an increase of £6.4 billion (3.8%) over the year since 31 March 2018.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, increased
by £0.9 billion (1.4%) over the quarter to £63.7 billion. Since 31 March 2018, the net asset value of this sector has increased by £10.8 billion (20.5%).
Gross Asset Values and Gearing
The gross asset value of Guernsey open-ended funds as at 31 March 2019 was £57.4 billion, implying an average gearing level of 29.8%. The gross asset value represents an increase of £1.1 billion since 31 December 2018.
In the closed-ended sector, the gearing level is lower, with gross asset values of £191.2 billion (December 2018: £194.5 billion) implying a gearing level of 9.3%.
The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 0.6%, based on gross asset values of £64.0 billion (December 2018: £63.0 billion).
The detailed statistics are available here.