The value of total funds under management and administration in Guernsey increased over the quarter ended June 30 2012 by 711 million (0.3%) to reach 270.8 billion. For the year since June 30 2011, total net asset values decreased by 3.6 billion (1.3%).
Within these totals, Guernsey domiciled open-ended funds decreased by 2.7 billion (-4.8%) over the quarter to 53.1 billion. This represents a decrease of 5.9 billion (-10%) over the year since 30 June 2011.
The closed-ended sector increased over the quarter, by 2.2 billion (1.8%) to reach 126.1 billion. This represents an increase of 3.8 billion (3.1%) over the year since June 30 2011. Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, increased by 1.2 billion (1.3%) over the quarter to 91.6 billion. Since June 30 2011 the net asset value of this sector has decreased by 1.5 billion (-1.6%).
(JDC)