(Grand Cayman – Monday, 31 December 2018) The Cayman Islands Monetary Authority (“CIMA”) is pleased to issue the 11th edition of the Investments Statistical Digest (“the digest”).
There were 10,559 funds licensed or registered with the Authority as at 31 December 2017. Although there were 27 fewer funds than at end-2016, total assets were US$6.936 trillion and net assets were US$4.033 trillion, an increase of 13% and 12% respectively over 2016. This increase was due to higher net income of US$383 billion (up from US$128 billion in 2016) and asset appreciation. Total subscriptions and redemptions decreased when compared to 2016. Consistent with the improvement in net income in 2017, total performance fees increased to US$22 billion, up from US$12 billion in 2016.
Investment management continues to be dominated by firms in the United States and the United Kingdom while entities in the Cayman Islands continue to provide Net Asset Value (NAV) and Registrar and Transfer Agent (RTA) services for the majority of the Cayman Islands registered mutual funds.
The digest also provides a comparison between 2017 and 2016 data, which allows readers to review the year-over-year statistics. It showcases financial performance and asset allocation by fund type – Registered, Master, Administered and Licensed Funds; and dividends, net income/loss, changes in subscriptions, redemptions and net assets by investment strategy type.
The digest is based on information that is required to be filed by all regulated funds via the Funds Annual Return (FAR) through CIMA’s electronic reporting systems (REEFS) for the financial year 2017, which are required to be filed within six months after the financial year-end. Most funds have a December year end, and in some cases, funds apply for an additional three-month extension, resulting in filings being received in September 2018. The information is then collated and aggregated for the final report. For the 2017 digest, 88% of funds submitted a FAR.
To view a copy of the latest digest, please click here