Alternative assets post strong 2020 growth in Singapore asset management industry: MAS
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ALTERNATIVE assets are an increasingly bright spot in Singapore's asset management industry, with significantly higher growth rates than traditional assets - albeit on a relatively low base.
In 2020, growth of assets under management (AUM) in private equity and venture capital expanded by 54 per cent to S$391 billion, compared to a 16 per cent growth in 2019, thanks to investors' appetite for yield and uncorrelated assets.
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