First Quarter 2016 - Investment Statistics

​Investment Funds

The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 31 March 2016 by £10.4 billion (4.56%) to £238 billion.  For the year since 31 March 2015, total net asset values increased by £15.8 billion (7.1%). 

Within these totals Guernsey domiciled open-ended funds increased by £1.4 billion (3.58%) over the quarter to £40.4 billion.  This represents a decrease of £0.7 billion (-1.7%) over the year since 31 March 2015.

The closed-ended sector increased over the quarter by £9.0 billion (6.40%) to £149.6 billion. This represents an increase of £14.7 billion (10.89%) over the year since 31 March 2015.

Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, decreased by £54 million (- 0.1%) over the quarter to remain at £48 billion.  Since 31 March 2015 the net asset value of this sector has increased by £1.8 billion (4.62%).

The gross asset value of Guernsey open-ended funds as at 31 March 2016 was £42.5 billion, implying an average gearing level of 5.19%.  The gross asset value represents an increase of £1.6 billion since 31 December 2015. In the closed-ended sector, the gearing level is similar, with gross asset values of £163 billion (December 2015: £153.6 billion) implying a gearing level of 8.95%.  The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 1%, based on gross asset values of £48.3 billion (December 2015: £48.5 billion).

The detailed statistics are available here.