Funds hit a new high after 32% rise in year
Tuesday 14th September 2010, 2:30PM BST.
THE value of investment funds in Guernsey has reached an all-time high after enjoying a fourth straight quarter of growth, according to the latest figures.
It means that for the year since 30 June 2009, the total value of funds under management and administration increased by £54.6bn to stand at £224.2bn – a 32.2% rise in a year.
The quarter to the end of June this year alone witnessed an increase of £26.8bn.
The previous all-time high was £207.2bn, reached at the end of the second quarter in 2008.
GuernseyFinance chief executive Peter Niven (pictured) welcomed the latest statistics.
- Read the full story in the Guernsey Press. See below for subscription details.
- To read Guernsey Press stories in full, click here for subscription details. Individual editions are now available online.
Island Life
All about Guernsey
Ambassador of the Year 2011
History & Heritage
Visitor Information
Guernsey's government
Campaigns
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
This is Guernsey
Guernsey Press
Useful Links
I guess the whole Landsbanki issue isn’t harming our finance industry as much as some would like us to believe!
Report abuse
Greg
these are investment funds, those who enjoy risks,
not retail depositors who thought Guernsey was well regulated and safe
Report abuse