Ranking lists move welcomed

Tuesday 26th January 2010, 3:00PM GMT.

The chairman of the Jersey Funds Association, Richard Thomas,

Jersey Funds Association chairman Richard Thomas

A MOVE to include Island-based funds in European performance ranking lists next year has been welcomed by the Jersey Funds Association.

For the first time, offshore funds are to be included in the Investment Management Association’s sector-by-sector fund rankings. The move is designed to increase both competition and choice for investors in the UK funds industry.

The chairman of the Jersey Funds Association, Richard Thomas, said that it was ‘a very positive step’ as far as the local industry was concerned.

About 600 funds based in Jersey, Guernsey, Luxembourg and Dublin are expected to be included in the IMA listings. ‘It is encouraging, because it will assist in achieving a level playing field in terms of access to markets as well as awareness-raising in the UK,’ he said.

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