Jersey's funds sector has grown over 30% during the past 12 months, as the financial services industry on the island experienced a general upswing in growth.
The latest figures from the Jersey Financial Services Commission (JFSC) show the net asset value (NAV) of funds under administration grew by £9.3bn during the fourth quarter to reach a total of £179.1bn. As a result it says compared to 2005 the NAV of funds on the Island increased by £41.7bn, or 30.3%, while the number of expert funds increased by 39 in the last quarter, which brings the total to 274, a 104% increase from 2005, while the NAV rose by £15bn to £29.5bn. In addition the figures compiled by the island’s regulator show the total value of funds under investment management incr...
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