Jersey funds show healthy growth despite global economic woes

Jersey’s fund sector has shown strong growth in the first quarter of 2012, with a 3.5% increase in the net asset value of funds under administration and a total of 1,412 funds registered as at 31^st March, the highest figure since 2009.

The net asset value of funds under administration increased by £6.8bn from £189.4bn to £196.2bn (3.5%) and the total number of regulated funds increased by 20 from 1,392 to 1,412 (1.4%) over the same period.

The total number of unregulated funds increased by 13 from 153 to 166 (8.4%) during the first quarter.

The value of total funds under investment management increased from £20.8bn to £21bn (0.9%) during the first quarter of 2012