MAS: AUM In Singapore Rises 7% In 2016 To S$2.7T

Sep 26 2017 | 4:13pm ET

Assets under management in by managers domiciled in the jurisdiction of Singapore rose 7% last year to S$.7 trillion, according to an annual survey by the Monetary Authority of Singapore. 

The growth was attributed to sustained net fund inflows and broad-based improvements in market valuations, the MAS said in a statement. That said, last year’s rate of growth was slower than the 9% seen in 2015.

Meanwhile, alternative assets under management in the city-state grew by a much healthier 17%, mirroring the asset growth seen in other parts of the world. For the purposes of the MAS survey, alternative assets include venture capital investors, private equity companies, real estate firms and hedge fund managers. Among these types, hedge funds and private equity companies grew AUM the most, at 16% and 14%, respectively.

Conversely, traditional AUM in Singapore grew by only 3%, reflecting in part the global shift to passive funds, which grew by 14% in the period. The total number of registered and licensed fund managers in the jurisdiction grew by 32 to 660.

The MAS survey also noted that some 78% of funds managed by local firms are sourced from outside of Singapore, and 66% of total AUM is invested in the broader Asia Pacific region.

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