Product Type: Market Research Report
Published by: Datamonitor
Published: July 2003
Product Code: R313-5857Description Introduction
Offshore Financial Services in the Caribbean 2003 analyzes the offshore deposits and mutual funds markets in the Bahamas, Bermuda, BVI, Cayman Islands, and the NL Antilles. It presents the size of each market, retail/institutional split, and which countries the assets come from (quantitatively). Finally, the markets are forecast through 2004.
Scope
Offshore deposits and mutual funds quantified in the Bahamas, Bermuda, British Virgin Isles, Cayman Islands, and Netherlands Antilles from 1998-2002e
Segmented into retail and institutional deposits and mutual funds in 2001
Source of deposits and of funds quantified from: Benelux, France, Germany, Italy, Nordic region, Spain, the UK, US and Asia-Pacific in 2001
Forecast for offshore deposits and offshore mutual funds for 2003 and 2004
Report Highlights
Unlike other offshore regions like the Channel Islands, the Caribbean offshore deposits and funds markets continued to grow in 2002 despite difficult market conditions. Though growth in 2002 was minimal (deposits by 3.4% and funds by 1.4%) it indicates that the Caribbean’s offshore customer base, which is dominated by the US, remains resilient.
Despite its self-governing British colonial status, UK investors are not the largest investor group in Bermuda. In fact, their deposit base on the island is tiny compared to US and Asia-Pacific investors, mainly because of strong competition from the Channel Islands for UK investors’ money
The Cayman Islands will see the strongest growth in deposits among the five centers under study. Its source countries’ deposits are set to grow by 5% or more on average and several anti-money laundering legislative initiatives were enacted in the center, resulting in continuing strong growth in deposits there.
Reasons to Purchase
Quantify the potential of your sector using our offshore deposits and funds market sizing and segmentation
Assess the future of your market and the viability of your business plan with our forecasts to 2004
Design your marketing and product innovations around our source of deposits and funds data
Table of Contents CHAPTER 1 EXECUTIVE SUMMARY
Introduction
Market context
Customer focus
The future decoded
CHAPTER 2 INTRODUCTION
What is this report about?
Who is the target reader?
How to use this report?
CHAPTER 3 MARKET CONTEXT
Introduction
Key findings
The offshore centers
Bahamas
Bermuda
British Virgin Islands
Cayman Islands
Netherlands Antilles
Market segments
Data
CHAPTER 4 CUSTOMER FOCUS
Introduction
Key findings
The analytical scope of this section
The source of assets in offshore centers
The Bahamas
Bermuda
BVI
Cayman Islands
Netherlands Antilles
Data
CHAPTER 5 THE FUTURE DECODED
Introduction
Key findings
Bahamas
Bermuda
BVI
Cayman Islands
Netherlands Antilles
Data
CHAPTER 6 APPENDIX
Definitions
Changes in data from last year
Research methodology
Offshore data
Forecast methodology
Further reading
Datamonitor Reports
Datamonitor Global Wealth Service: Insight Reports
SPP writing team
List of Tables
Table 1: Offshore investments segmented into deposits and funds, 1998-2002e
Table 2: Offshore deposits by offshore center, 1998-2002e
Table 3: Offshore funds by offshore center, 1995-2002e
Table 4: Total offshore assets segmented into deposits and funds, 2001
Table 5: Retail v institutional offshore deposits, 2001
Table 6: Retail v institutional funds, 2001
Table 7: Bahamas deposit assets segmented by geography, 2001
Table 8: Bahamas mutual fund assets segmented by geography, 2001
Table 9: Bermuda deposit assets segmented by geography, 2001
Table 10: Bermuda mutual fund assets segmented by geography, 2001
Table 11: BVI deposit assets segmented by geography, 2001
Table 12: BVI mutual fund assets segmented by geography, 2001
Table 13: Cayman Islands deposit assets segmented by geography, 2001
Table 14: Cayman Islands mutual fund assets segmented by geography, 2001
Table 15: Netherlands Antilles deposit assets segmented by geography, 2001
Table 16: Forecast offshore deposits by center, EURm, 2002e-2004f
Table 17: Forecast year-on-year growth in offshore deposits by center, EURm, 2002e-2004f
Table 18: Forecast offshore funds by center, EURm, 2002e-2004f
Table 19: Forecast year-on-year growth in offshore funds by center, EURm, 2002e-2004f
Table 20: Explanation of methodology changes or data restatements from 2000, Bahamas - British Virgin Islands
Table 21: Explanation of methodology changes or data restatements from 2000, Cayman Islands - Netherlands Antilles
List of Figures
Figure 1: Offshore deposits and funds in the Caribbean have shown slow but steady growth over 1998-2002e
Figure 2: British Virgin Islands deposits and funds by source, 2001
Figure 3: Bermuda deposits and funds forecast, 2003f-2004f
Figure 4: Offshore deposits and funds in the Caribbean have shown slow but steady growth over 1998-2002e
Figure 5: Institutional investors held 56% of all offshore assets in 2001, totaling EUR484 billion
Figure 6: The Cayman Islands dominates offshore financial services in the Caribbean, accounting for 63% of the total market in 2002e
Figure 7: Cayman Islands held 69% of all deposits in the Caribbean in 2001
Figure 8: Cayman Islands dominates mutual funds in the Caribbean, but the Bahamas, Bermuda and BVI all have respectable market shares too
Figure 9: Cayman Islands exhibited the fastest deposits growth in the Caribbean, 1998-2002e
Figure 10: Bermuda and the BVI have seen rapid growth in offshore funds, 1998-2002e
Figure 11: Bahamas deposits and funds by source, 2001
Figure 12: Bermuda deposits and funds by source, 2001
Figure 13: British Virgin Islands deposits and funds by source, 2001
Figure 14: Cayman Islands deposits and funds by source, 2001
Figure 15: Netherlands Antilles deposits by source, 2001
Figure 16: Bahamas deposits and funds forecast, 2003f-2004f
Figure 17: Bermuda deposits and funds forecast, 2003f-2004f
Figure 18: British Virgin Islands deposits and funds forecast, 2003f-2004f
Figure 19: Cayman Islands deposits and funds forecast, 2003f-2004f
Figure 20: Netherlands Antilles deposits and funds forecast, 2003f-2004
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