Guernsey Financial Services Commission has reported on funds under management increase over quarter statistics for non-fund investment sector.
As per report from Guernsey Financial Services Commission the net asset value of total funds under management and administration has increased over the quarter ended 31 December 2012 by £2.4bn ($3.6bn) to reach £276.8bn. For the year since 31 December 2011, total net asset values increased by £15.4bn (5.8%).
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Within these totals, Guernsey domiciled open-ended funds decreased by £1.1bn (-2.2%) over the quarter to £50.3bn. This represents a decrease of £5bn (-9.0%) over the year since 31 December 2011. The closed-ended sector increased over the quarter, by £0.7bn (0.5%) to reach £131bn. This represents an increase of £11.9bn (10%) over the year since 31 December 2011.
Non-Guernsey schemes, for which some aspect of management, administration or custody is carried out in the Bailiwick, increased by £2.9bn (3.1%) over the quarter to £95.5bn. Since 31 December 2011 the net asset value of this sector has increased by £8.5bn (9.7%).
The gross asset value of Guernsey open-ended funds as at 31 December 2012 was £68.3bn, implying an average gearing level of 35.8%. The gross asset value represents an increase of £0.6bn since 30 September 2012. In the closed-ended sector, the gearing level is lower, with gross asset values of £147.6bn (September 2012: £146.8bn) implying a gearing level of 12.7%.
The gearing implicit in non-Guernsey open-ended collective investment schemes is approximately 10.4%, based on gross asset values of £105.4bn (September 2012: £101.8bn).
