The net asset value of total funds under management and administration has decreased slightly in Sterling terms over the quarter ended 30 September 2014 by £0.4 billion (-0.15%) to £260.9 billion. For the year since 30 September 2013, total net asset values decreased by £6.1 billion (-2.3%).
Within these totals Guernsey domiciled open-ended funds increased by £1 billion (2.5%) over the quarter to £41.7 billion. This represents a decrease of £2.9 billion (-6.5%) over the year since 30 September 2013.
The closed-ended sector increased over the quarter, by £0.1 billion (0.1%) to £135.8 billion. This represents an increase of £3.5 billion (2.6%) over the year since 30 September 2013.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, decreased by £1.5 billion (-1.8%) over the quarter to £83.4 billion. Since 30 September 2013 the net asset value of this sector has decreased by £7 billion (-7.7%).
The gross asset value of Guernsey open-ended funds as at 30 September 2014 was £56.8 billion, implying an average gearing level of 36.2%. The gross asset value represents an increase of £1.9 billion since 30 June 2014. In the closed-ended sector, the gearing level is lower, with gross asset values of £148.3 billion (June 2014: £148.6 billion) implying a gearing level of 9.2%. The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 16.2%, based on gross asset values of £96.9 billion (June 2014: £92.6 billion).
The detailed statistics are available here.
Asset Management and Stockbroking
Returns were provided by 116 firms (September 2014: 115) confirming:
Gross Assets under Management: £78.4 billion (June 2014: £99.1 billion)
Turnover of Stockbroking Activities: £544.5million (June 2014: £510.6 million)
Number of Accounts: 11,889 (June 2014: 11,436)
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: Emma Bailey, Director Investment Supervision and Policy Division
Tel: (01481) 712706 Fax: (01481) 726952
International Dialling Code: +44 1481
E-mail: [email protected]