The Guernsey Financial Services Commission reported that the total net asset value of Guernsey funds declined by GBP 2.6 billion, or 0.9%, during the quarter to GBP 270 billion. Over the past year, net assets decreased by just under GBP 0.9 billion, or 0.3%. Closed ended funds accounted for the quarterly decline, falling by GBP 4.8 billion, or 2.1%, to GBP 224.2 billion. Open ended funds rose by GBP 2.2 billion, or 5.1%, to GBP 45.8 billion, while Guernsey Sustainable Funds held GBP 4.3 billion in net assets at the end of the quarter.