Singapore continued to serve as the global-Asia gateway for asset managers and investors to tap the region’s growth opportunities, with three-quarters of AUM sourced from outside the Republic in 2018.
Inflows were strong in traditional sector strategies managed or advised out of Singapore, but these were more than offset by weaker valuations across major asset markets in tandem with global trends. As a result, traditional AUM was sluggish and shrank 7 per cent in 2018. “Singapore, as a leading private markets hub, is an attraction location for investment managers and an increasing number of global public investors, including sovereign wealth funds and pension funds,” MAS said in its survey report.For one, AUM in Asia-Pacific is expected to almost double from 2017 to about US$30 trillion in 2025, according to PwC’s estimates, and Singapore is well placed to serve this regional trend, the central bank noted.
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Singapore's asset management industry grew at slower 5.4% pace to $3.4 trillion last year: MASSINGAPORE - Despite a challenging year for global financial markets in 2018, Singapore's assets under management (AUM) increased further by 5.4 per cent to $3.44 trillion, according to an annual poll by the Monetary Authority of Singapore (MAS).. Read more at straitstimes.com.
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