Guernsey funds increase during third quarter

The net asset value of funds under management & administration in Guernsey increased by 2.2% during the third quarter of 2015.

Increases were spread right across the broad sector with Guernsey-domiciled open ended funds, closed ended schemes and Non Guernsey schemes  (where some aspect of management, administration or custody is carried out in the Island) all recording increases.

The NAV increase reflects  performance-related gains / losses and net new investment to existing funds as well as subscriptions  to a significant number of new funds established on the Island during the quarter.