According to the 2020 Singapore Asset Management survey published by the Montary Authority of Singapore, at the end of 2020, total assets managed by Singapore based asset managers grew 17% to reach $4.7 trillion, up from $4.0 trillion in 2019. Over the last five years, the industry’s AUM expanded at a 13% compound annual growth rate (CAGR).
Managers across the traditional and alternative sectors, as well as leading global public owners, continued to anchor their investment teams in Singapore to tap the region’s growth opportunities and to domicile their investment funds in Singapore using the new Variable Capital Company (VCC) framework.
See: First ETF under VCC structure launched
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