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Guernsey Funds's Values Rose 8 Per Cent Year-On-Year In Q3 2017
Tom Burroughes
8 January 2018
The total value of funds business in Guernsey grew by about £20 billion ($27.1 billion) over the 12 months to the end of the third quarter of 2017, with the net asset value of all funds in the island standing at £269 billion at end-September 2017, up 8 per cent year-on-year. The figures, compiled by the , show two consecutive years of growth, with the net asset value of funds growing by nearly £25 billion between Q3 2015 and Q3 2016, it said. The annual increase was mainly driven by growth in Guernsey-domiciled closed-ended funds, which increased by £13.7 billion (8.98 per cent over the year). Guernsey open-ended funds remained stable at £43.9 billion, the organisation said.