Jersey’s Funds, Banking And Corporate Sectors Q3 Statistics Are Now Available – Fund Management/ REITs

We are pleased to report a set of steady figures for our
island’s finance industry, in the most recent quarterly figures
collated by the Jersey Financial Services Commission (JFSC).

For Q3, it was reported that the net asset value of regulated
funds under administration in Jersey increased by £29bn a
rise from £458.5bn to £487.5bn.

The JFSC also reported that the total value of banking deposits
held in Jersey increased from £136.1bn to £144.3bn.

In addition, the value of total funds under investment
management stood at £29.9bn. These figures do not include the
total assets under management within the Qualifying Segregated
Managed Accounts (QSMA) which stood at £3.3bn at the end of
the quarter.

Meanwhile, there were 586 Jersey Private Funds (JPFs)
registered. The JPF offers a cost-effective and fast-track solution
for funds with easy access to European investors. The steady growth
of JPFs in recent years can be attributed to the speed and ease of
establishment, usually between 48 hours if an application meets the
criteria set out by the JFSC.

Find out more about JPFs on our dedicated
website page.

Corporate activity remained strong with 35,515 live companies on
the register and 108 General Insurance Mediation Business (GIMBs)
were registered.

Read the full 2022 Quarterly Reports and Statistics.

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