Singapore's AUM industry up 19% to S$3.3 trillion in 2017
Singapore
TOTAL assets managed by Singapore-based asset managers rose by 19 per cent to S$3.3 trillion at the end of 2017, compared to S$2.7 trillion in 2016, outpacing the 15 per cent average growth rate of the previous five years.
The growth was broad-based, across traditional and alternative assets, on higher valuations and inflows to Asian markets.
TRENDING NOW
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce