September Quarter 2018 Statistics Show Increase17th December 2018
Third Quarter 2018
The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 September 2018 by £4 billion (1.4%) to £280 billion. For the year since 30 September 2017, total net asset values increased by £11 billion (4.1%).
Within these totals, Guernsey domiciled open-ended funds increased by £0.4 billion (0.8%) over the quarter to £43.6 billion. This represents a decrease of £0.3 billion (-0.7%) over the year since 30 September 2017.
The closed-ended sector increased over the quarter by £3.9 billion (2.3%) to £172.1 billion. This represents an increase of £6.1 billion (3.7%) over the year since 30 September 2017.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, decreased by £0.3 billion (-0.5%) over the quarter to £64.4 billion. Since 30 September 2017, the net asset value of this sector has increased by £5.4 billion (9.1%).
Gross Asset Values and Gearing
The gross asset value of Guernsey open-ended funds as at 30 September 2018 was £58 billion, implying an average gearing level of 28.3%. The gross asset value represents an increase of £0.8 billion since 30 June 2018.
In the closed-ended sector, the gearing level is lower, with gross asset values of £189.3 billion (June 2018: £183.7 billion) implying a gearing level of 9.5%.
The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 0.1%, based on gross asset values of £64.5 billion (June 2018: £64.8 billion).
The detailed statistics are available here.