Signs of stability and sector growth in latest quarterly figures
The latest figures for all sectors of Jersey’s finance industry show resilience, with the funds industry growing in size.
The statistics show that the net asset value of funds increased by £3 billion in the first quarter of 2014 to £195 billion and there was a small increase in the number of funds overall, demonstrating Jersey’s continuing attractiveness for fund structuring and administration.
The latest statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending 31st March 2014. Headline figures include:
Geoff Cook, Chief Executive, Jersey Finance, commented:
“Generally, the latest figures show a steady position although information from our member firms indicates the new business pipeline is building well and business activity overall is picking up. For example, the latest figures from Jersey’s Business Tendency Survey suggested that the finance sector was positive about its long-term prospects at the start of 2014, with firms reporting the highest levels of optimism about future business activity, profitability and employment since 2011."