The Isle of Man Government Reserves managed by appointed discretionary investment managers grew by 8% in 2012.  The market value of the externally invested funds as at 31 December 2012 increased to ?1,444 million, from ?1,337 million at 31st December 2011. 
Treasury Minister Eddie Teare said, “We are delighted with the increase in reserves especially after the Eurozone uncertainties that affected financial markets in 2011.  Stock markets ended the 2012 on a positive note; with many major markets registering strong returns for what is still, admittedly, a lacklustre global economic background.  Our appointed investment managers have continued to provide consistent returns on our reserve funds that are over the required benchmarks.”