The number of investment funds domiciled in Guernsey are at their highest in almost a decade, according to the latest figures from the Guernsey Financial Services Commission (GFSC).

The GFCS’s statistics for Q1 of 2022 reveal that the current total of 855 investment funds is the highest since 859 at Q3 in 2012.

The funds have also increased in value, with the net asset value (NAV) climbing £6 billion, or two percent, over the quarter to over £300 billion for the first time. This is a £45.9 billion improvement over 12 months.

Channel Island promotional body Guernsey Finance’s chief executive, Rupert Pleasant, said: “We continue to see a consistent rise, which further confirms my previous statement that Guernsey demonstrates expertise, quality and innovation which are in high demand from global investors.”

Jo Peacegood, chair of the Guernsey Investment & Funds Association, added: “Whilst this is great news for the sector in Guernsey, we need to ensure that we do not become complacent and that we continue to deliver and service our existing clients as well as continue to talk to new potential clients about the Guernsey offering.”