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.

Asset managers continue to view Singapore as a conducive place to conduct portfolio management activity, the Monetary Authority of Singapore (MAS) said in its annual Asset Management Survey. Some …