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Strong growth in Jersey funds industry

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News - Latest
Written by Administrator   
Thursday, 09 December 2004 12:43

Recent research shows that the number of funds domiciled in Jersey grew by 13.7% during the last year.

The research, done by fund research company Fitzrovia International for its annual Jersey Fund Encyclopaedia, found that the total of Jersey funds rose from 738 to 839 in the year to June 2004.

Total net assets have also risen from US$102.3 billion to US$107 billion.

Assets in property funds domiciled on the island have more than doubled over the last 12 months, growing from US$ 10.5 billion to US$22.7 billion. Jerseys position as a centre for more specialised funds is also hilighted with the second largest class being equity/venture capital funds, with assets of US$14.3 billion.

 

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