Commodities drive ETF Securities up Jersey ranking

ETF Securities has taken the top spot for fund management companies with assets domiciled in Jersey, jumping two places in a ranking.

The exchange-traded funds provider had $15.9 billion (€14.8 billion) of fund assets in Jersey – a Channel Islands location that is traditionally a stronghold for private equity funds.

ETF Securities jumped over BlackRock Financial Management and CVC Capital Partners, which came second and third respectively this year in a Monterey Insight ranking (see table).

BlackRock and CVC both saw their assets fall, while ETF Securities’ assets increased. The firm’s rise reflected demand for its exchange-traded commodities, said Karine Pacary, managing director, at Monterey, which provides statistics on fund domiciles including Ireland and Luxembourg.

Private equity/venture capital funds remained the most popular products to be domiciled in Jersey, with $83.7 billion of assets, up from $76 billion in 2015.

Overall, the amount of assets serviced in Jersey increased 2% to $301.3 billion in the 12 months to the end of June 2016.

Aztec Group overtook State Street to become the fund administrator with the most serviced assets for onshore and offshore products, with $57.9 billion in assets. BNP Paribas remains the largest custodian, followed by JP Morgan.

Asset managers in Jersey

2016 Promoter Funds Net asset $bn
1 ETF Securities 8 15.9
2 BlackRock Financial Management 4 13.9
3 CVC Capital Partners 11 13.5
4 Nordic Capital 4 12.5
5 Triton Managers 5 8.9

Source: Monterey Insight

©2016 funds europe

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