The Business Times
business-time-50

Singapore's AUM industry up 19% to S$3.3 trillion in 2017

google-preferred-sourceAdd BT as a preferred source
Published Thu, Oct 25, 2018 · 09:50 PM

    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.

    Private equity

    TRENDING NOW

    Buntono is accused of possessing properties that, in part, represent his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.

    Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    The onset of El Nino is also seen as a tailwind, as average crude palm oil prices have historically surged during the weather event.

    Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts

    Soon Su Lin (left) will step down after close to a decade at the group. Tan Wee Hsien will join the company as CEO designate on Sep 8 this year.

    Soon Su Lin to step down as Frasers Property Singapore CEO; Tan Wee Hsien named successor

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More