The net asset value (NAV) of funds domiciled in Guernsey is at its highest ever level after a 20 percent rise so far this year.
The information comes from the Guernsey Financial Services Commission (GFSC), which recently released a second quarter update confirming that the NAV had increased by £9 billion during Q2 and £45.8 billion on a year-on-year basis.
The figure has increased every quarter since the end of March 2020, and ‘WE ARE GUERNSEY’ chief executive Rupert Pleasant said the latest results show confidence in Guernsey’s funds industry.
“This increase has continued despite more than a year of disruption due to Covid-19, and is living proof that Guernsey is a leading specialist centre for the domiciling of funds,” he said. “Our offering of continuity, stability, resilience and global market access in a time of global uncertainty is clearly resonating strongly with investors.
“It also demonstrates the quality of investment managers in Guernsey delivering value to investors.
“We look forward to sharing more of our key messages in this sector at the Guernsey Funds Forum at the end of November.”
The latest statistics also show that funds designated Guernsey Green Fund status has now hit double figures, with 11 in total with a NAV of £3.9 billion at the end of June 2021, but the GFSC confirms that the total is now up to 14.