guernsey and jersey have growing value of funds under management
Both Guernsey and Jersey enjoyed strong growth in fund assets under management in the second quarter of 2006. In Guernsey, funds under management and administration grew by £3.4bn (3%) over the quarter ended 30 June to reach a total of £114.8bn. For the year since 30 June 2005, values increased by £30.7bn, an increase of 36.5%. Within these totals, Guernsey-domiciled open-ended funds grew by £479m (0.9%) over the quarter and by £12.4bn (30%) over the year since 30 June 2005 to reach a new record total of £53.9bn. Closed-ended funds also grew, with increases of £4.8bn (14.2%) over the quar...
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