Singapore's asset management industry grows at slower 5.4% pace in 2018: MAS
Gain comes on back of 15% surge in alternative assets to S$646b on strong inflows, continued valuation gains
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
DESPITE a challenging year for global financial markets in 2018, Singapore's assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the Monetary Authority of Singapore (MAS).
This growth was mostly thanks to a 15 per cent surge in alternative assets to S$646 billion last year, which was supported by strong inflows and continued valuation gains across private market asset classes including private equity (PE) and venture capital (VC), the central bank said on Wednesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
