Second Quarter Investment Statistics 2016

Investment Funds.  The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 June 2016 by £9 billion (3.8%) to £247.1 billion.  For the year since 30 June 2015, total net asset values increased by £27.1 billion (12.3%). 

 

Open-ended Funds.  Within these totals Guernsey domiciled open-ended funds increased by £0.9 billion (2.2%) over the quarter to £41.3 billion.  This represents an increase of 2.2 billion (5.6%) over the year since 30 June 2015.

 

Closed-ended Funds.  The closed-ended sector increased over the quarter by £3.8 billion (2.54%) to £153.4 billion.  This represents an increase of £18 billion (13.2%) over the year since 30 June 2015.

 

Non-Guernsey Schemes.  Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, increased by £4.4 billion (9.2%) over the quarter to £52.4 billion.  Since 30 June 2015 the net asset value of this sector has increased by £7.1 billion (15.67%).

Gross Asset Values and Gearing.  The gross asset value of Guernsey open-ended funds as at 30 June 2016 was £55.2 billion, implying an average gearing level of 33.66%.  The gross asset value represents an increase of £12.7 billion since 31 March 2016.  In the closed-ended sector, the gearing level is similar, with gross asset values of £168 billion (March 2016: £163 billion) implying a gearing level of 9.51%.  The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 1%, based on gross asset values of £52.8 billion (March 2016: £48.3 billion).

 

The detailed statistics are available here.