Third Quarter 2016
The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 September 2016 by £2 billion (0.9%) to £249.4 billion. For the year since 30 September 2015, total net asset values increased by £24.6 billion (10.9%).
Within these totals Guernsey domiciled open-ended funds increased by £4.3 billion (10.4%) over the quarter to £45.6 billion. This represents an increase of 6.2 billion (15.7%) over the year since 30 September 2015.
The closed-ended sector decreased slightly over the quarter by £0.8 billion (-0.52%) to £152.6 billion. This represents an increase of £14 billion (10.11%) over the year since 30 September 2015.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, decreased by £1.2 billion (-2.3%) over the quarter to £51.2 billion. Since 30 September 2015 the net asset value of this sector has increased by £4.2 billion (8.93%).
Gross Asset Values and Gearing
The gross asset value of Guernsey open-ended funds as at 30 September 2016 was £60 billion, implying an average gearing level of 31.57%. The gross asset value represents an increase of £4.8 billion since 30 June 2016.
In the closed-ended sector, the gearing level is similar, with gross asset values of £165 billion (June 2016: £168 billion) implying a gearing level of 8.12%.
The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 1%, based on gross asset values of £51.5 billion (June 2016: £52.8 billion).
The detailed statistics are available here.
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]