Bermuda’s investment fund sector recorded modest asset growth in the third quarter of 2025, even as the total number of funds remained broadly flat, according to the Bermuda Monetary Authority’s latest Investment Fund Statistics.

Total net asset value stood at $310.5 billion at the end of the third quarter, up 1.99 per cent from $304.4 billion in the previous quarter and above levels seen throughout most of the past year. This increase came despite only a marginal rise in the total number of funds, which edged up to 777, from 774 in Q2.

Several categories saw little change in fund counts. Institutional funds declined slightly to 141, down from 144 in the prior quarter, while private funds held steady at 184, below levels recorded earlier in the year. Standard funds remained unchanged at 76.

By contrast, asset growth was more pronounced in certain segments. Professional closed funds increased their aggregate NAV to $77.8 billion, up from $75.0 billion in Q2 and $67.0 billion in Q1, making them the single largest contributor to total fund assets. Standard funds also recorded an increase in assets, rising to $76.6 billion.

The figures indicate that overall growth in the sector during the quarter was driven primarily by rising assets within existing fund structures, rather than by an increase in new fund formations.