The net asset value of total funds under management and administration has decreased over the quarter ended 30 June 2013 by £10.5 billion (3.5%) to £286 billion. For the year since 30 June 2012, total net asset values increased by £15.2 billion (5.6%).
Within these totals, Guernsey domiciled open-ended funds decreased by £4.4 billion (8.1%) over the quarter to £49.7 billion. This represents a decrease of £3.4 billion (-6.4%) over the year since 30 June 2012. The closed-ended sector increased over the quarter, by £0.5 billion (0.4%) to reach £137.5 billion. This represents an increase of £11.4 billion (9%) over the year since 30 June 2012. Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, decreased by £6.6 billion (6.3%) over the quarter to £98.8 billion. Since 30 June 2012 the net asset value of this sector has increased by £7.2 billion (7.9%).
The gross asset value of Guernsey open-ended funds as at 30 June 2013 was £67.8 billion, implying an average gearing level of 36.4%. The gross asset value represents a decrease of £8.9 billion since 31 March 2013. In the closed-ended sector, the gearing level is lower, with gross asset values of £153.8 billion (March 2013: £155.4 billion) implying a gearing level of 11.85 %. The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 7.2%, based on gross asset values of £105.9 billion (March 2013: £115.2 billion).
The detailed statistics are available here.
Asset Management and Stockbroking
Returns were provided by 104 firms (March 2013: 103) confirming:
Gross Assets under Management: £97.3 billion (March 2013: £97.9 billion)
Turnover of Stockbroking Activities: £485.7 million (March 2013: £715.5 million)
Number of Accounts: 11,577 (March 2013: 11,265)
Explanatory notes for Asset Management and Stockbroking Statistical Information
Gross Assets under Management means the gross assets of all managed accounts held by the licensee. This will include both discretionary and non-discretionary managed accounts but excludes execution only type business.
Turnover of Stockbroking Activities means the value of stockbroking activities undertaken by the licensee during the quarter and includes the total consideration, including commission, relating to these activities.
Number of accounts includes the number of clients with which the licensee has an agreement to provide investment business services within the scope of the licence issued under the Protection of Investors (Bailiwick of Guernsey) Law, 1987. This covers, but is not limited to, discretionary and non-discretionary accounts, advisory accounts, stockbroking accounts and portfolio management accounts.
Enquiries to: Carl Rosumek, Director Investment Supervision and Policy Division
Emma Bailey, Deputy Director Investment Supervision and Policy Division
Tel: (01481) 712706 Fax: (01481) 726952
International Dialling Code: +44 1481
E-mail: [email protected]