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.