Singapore's allure as asset management hub set to continue

Singapore

SINGAPORE is unlikely to lose its shine as an asset management hub even in the midst of the Covid-19 pandemic, as developments such as the Variable Capital Companies (VCC) framework and the Republic's reputational strength continue to draw attention from asset managers around the world, said industry watchers.

This comes as total assets managed by Singapore-based asset managers surged 15.7 per cent to hit S$4 trillion in 2019, up from 5.4 per cent previously, according to the annual Singapore Asset Management Survey released by the Monetary Authority of Singapore (MAS) on Wednesday.