Guernsey Press

Record growth in investments

ASSETS under management of investment companies domiciled in the Channel Islands have reached a record high, according to latest figures from the Association of Investment Companies.

Published
Ian Sayers, chief executive of the Association of Investment Companies.

There are 113 investment companies based in the islands and together this year they broke through £50bn in assets under management.

To the end of August this year they raised £2.43bn through secondary share issues, well ahead of fundraising recorded in 2016 and 2015.