Guernsey funds allowing £25 billion into UK
12 May 2015 London
Image: Shutterstock
Guernsey funds facilitate £25 billion of inward investment to the UK from global investors, according to a report from KPMG.
The majority of the inward investment is deployed into long-term tangible assets, including private equity, infrastructure and commercial property.
The report has estimated that European investment managers earn £1.8 billion of fees from managing Guernsey funds, of which £1.1 billion is earned by those in the UK.
Guernsey Finance stated: “UK investors, such as pension funds, also benefit from using Guernsey as it gives them a far wider access to investment opportunities outside of Europe.”
The report was written by head of advisory Ashley Paxton and advisory senior manager Antony Prynn, both from KPMG in the Channel Islands.
Paxton commented: “We are delighted to have been involved with [the report], and to have the opportunity to utilise our experience, expertise and network in the funds market to analyse the benefits that the flow of investment capital through Guernsey brings to the UK, European and global economies.”
Dominic Wheatley, chief executive of Guernsey Finance, said: “The report demonstrates Guernsey’s expertise as a funds centre and as a facilitator of global investment into the UK, European and global economies—a message we have been delivering for a number of years.”
“The investment Guernsey facilitates into the UK and elsewhere can bring about significant economic and social benefits to those economies.”
Wheatley highlighted the scale of internationalism of the funds industry itself by adding that 90 percent of the £1.8 billion fees generated from Guernsey domiciled funds went to EU service providers.
The majority of the inward investment is deployed into long-term tangible assets, including private equity, infrastructure and commercial property.
The report has estimated that European investment managers earn £1.8 billion of fees from managing Guernsey funds, of which £1.1 billion is earned by those in the UK.
Guernsey Finance stated: “UK investors, such as pension funds, also benefit from using Guernsey as it gives them a far wider access to investment opportunities outside of Europe.”
The report was written by head of advisory Ashley Paxton and advisory senior manager Antony Prynn, both from KPMG in the Channel Islands.
Paxton commented: “We are delighted to have been involved with [the report], and to have the opportunity to utilise our experience, expertise and network in the funds market to analyse the benefits that the flow of investment capital through Guernsey brings to the UK, European and global economies.”
Dominic Wheatley, chief executive of Guernsey Finance, said: “The report demonstrates Guernsey’s expertise as a funds centre and as a facilitator of global investment into the UK, European and global economies—a message we have been delivering for a number of years.”
“The investment Guernsey facilitates into the UK and elsewhere can bring about significant economic and social benefits to those economies.”
Wheatley highlighted the scale of internationalism of the funds industry itself by adding that 90 percent of the £1.8 billion fees generated from Guernsey domiciled funds went to EU service providers.
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