Number, value of funds fall in latest IoM statistical quarterly

clock • 1 min read

The number of funds and their total assets under management fell in the three months to the end of June, according to the latest Isle of Man Financial Services Authority Statistical Quarterly Bulletin. The biggest falls were seen in the categories Authorised Schemes (retail), where net asset value fell -29.18%, and in Closed-Ended Investment Companies (OEIC), where NAV fell -27.01%. The least falls in percentage terms were seen in the categories Qualifying Fund - up +0.67% - and in Experienced Investor Funds (Legacy EIF), where there was no change in NAV. Some 15 OEIC funds ceased ...

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