SINGAPORE – Singapore’s asset management industry grew at a quicker pace than the global average in 2021, aided by a strong pipeline of new funds seeking investment opportunities in the Asia-Pacific.
Assets under management (AUM) here expanded by 16 per cent from a year earlier to US$4 trillion (S$5.4 trillion), according to the Singapore Asset Management Survey 2021.
The annual survey published by the Monetary Authority of Singapore (MAS) showed that global AUM grew by 12 per cent to US$112 trillion.
“Singapore continues to serve as a global gateway for asset managers and investors to tap the region’s growth opportunities,” said MAS. It noted that last year, 78 per cent of AUM originated from outside the Republic, and 90 per cent of the total was invested in assets outside Singapore.
However, last year’s growth in AUM here was a tad behind the 17 per cent expansion in 2020.
Singapore saw continued interest from players…
