The Guernsey Financial Services Commission reported that the total net asset value of Guernsey funds declined by GBP 2.6 billion, or 0.9%, during the quarter to GBP 270 billion. Over the past year, net assets decreased by just under GBP 0.9 billion, or 0.3%. Closed ended funds accounted for the quarterly decline, falling by GBP 4.8 billion, or 2.1%, to GBP 224.2 billion. Open ended funds rose by GBP 2.2 billion, or 5.1%, to GBP 45.8 billion, while Guernsey Sustainable Funds held GBP 4.3 billion in net assets at the end of the quarter.
Guernsey Financial Services Commission reports fund net asset value fell 0.9% to GBP 270 billion
The Guernsey Financial Services Commission reported a 0.9% quarterly decline in Guernsey fund net assets to GBP 270 billion. A GBP 4.8 billion fall in closed ended funds outweighed a GBP 2.2 billion increase in open ended funds.