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Guernsey’s fund industry grows in 2011

25 May 2011

Net asset value of funds under management and administration reach record high amounts

Read more: Guernsey

The value of investment fund business in Guernsey grew by 2.4% to £6.2 billion ($10 billion) during the first quarter of this year.

The increase represents the seventh consecutive quarter of growth and takes the net asset value of funds under management and administration in the Island to a new record high of £263.6 billion at the end of March 2011. This is a rise of £66.2 billion (33.6%) compared to the end of March 2010.

Peter Niven,...