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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Global
Banking giants race to Riyadh as MBS steps up pressure campaign
Asia’s retail investors hunt for fabled crypto riches
US factory activity shrinks with price gauge highest since 2022
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
China travel surges for May holiday but consumers remain wary