Alternative assets account for bulk of inflows to Singapore funds: MAS
They grew 17% in 2016; traditional funds grew 3%
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Singapore
SINGAPORE's fund management industry posted a respectable 7 per cent growth in assets to S$2.7 trillion in 2016, thanks in large part to improved valuations.
However, net fund inflows were the lowest since 2012 at S$116 billion, the latest survey of the fund management industry by the Monetary Authority of Singapore (MAS) has found. Private market managers who manage alternative assets such as real estate, private equity (PE) and venture capital (VC) funds, accounted for the bulk of net inflows.
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