The Financial Services Commission (FSC ) indicates in its latest report on a sector comprising 29 securities dealers that assets have grown by 16.8 per cent as at June 30, 2021.

For the sector whose primary business is dealing in securities, the aggregate balance sheet assets as at the end of June 2021 stood at $780.3 billion, reflecting a 3.9 per cent increase over March 2021 quarter and a 16.8 per cent growth over June 2020 levels.

 

For the 29 companies analysed, total funds under management was approximately $1.42 trillion as at June 30, 2021.

 

The FSC indicates that total assets were supported by a capital base of $131.9 billion — a growth of 3.3 per cent from the $127.7 billion reported for the previous quarter. When compared to the corresponding period last year, capital base recorded a 25.3 per cent increase moving from $105.3 billion as at June 30, 2020.

https://www.jamaicaobserver.com/business-observer/securities-dealers-record-strong-growth_235793?profile=1056