Singapore gaining traction among global funds, with 639 VCCs as at end-Aug  

SINGAPORE’S asset management industry has performed well over the last 2 years, and registered healthy growth in spite of the Covid-19 pandemic, said the Monetary Authority of Singapore (MAS).

Responding to queries from The Business Times, an MAS spokesman said: “We continue to see inflows from diversified sources outside Singapore, including North America, Europe, North Asia and South-east Asia.”

Singapore’s asset under management reached S$4.7 trillion in 2020, up 17 per cent from the previous year.