At the end of September 2017, GFSC found that the net asset value of all funds under management and administration in Guernsey stood at £269 billion, an 8 percent increase on September 2016.
With the net asset value of funds growing by nearly £25 billion between Q3 2015 and Q3 2016, which confirmed two years of consecutive growth.
GFSC suggested that the year-on-year growth was mostly due to the increase of Guernsey-domiciled closed-ended funds, which increased by approximately 9 percent, £13.7 billion over the 12-month period.
The Guernsey financial services regulator approved 10 new investment funds during Q3, comprising six closed-ended funds, one open-ended fund and three non-Guernsey schemes, contributing to a total of 982 funds currently approved for domiciling or servicing in Guernsey.
In addition, other non-Guernsey schemes grew by £7.8 billion (15.23 percent) since 30 September 2016, valuing them at £59 billion.
Dominic Wheatley, chief executive at Guernsey Finance, said: “This consistency in Guernsey’s funds sector highlights how stable and attractive we are as a place to domicile funds, especially in the face of political instability causing uncertainty globally over the last couple of years.”
He added: “As an international finance centre, Guernsey is utilised by the UK as a gateway for investing into and raising capital from the rest of the world.”