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 ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login