Funds under management and administration in Guernsey rose by 5% in the last quarter to reach a new high.
Figures released by the Guernsey Financial Services Commission (GFSC) show between the end of June and the end of September the value of funds in Guernsey in creased by £5.7bn to £120.5bn, which is a 31% year-on-year rise. The latest findings show the number of funds on the Island has increased by 40 to a total of 885 since June, while the value of open and closed-ended funds also increased from £92.6bn to £97.7bn, a rise of 5.5%. Meanwhile, the value of non-Guernsey schemes, where just some aspects of the administration or management is conducted in the Bailiwick, rose from £22.1bn to ...
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