SINGAPORE (Nov 19): In 2017, global assets under management grew 12% to US$79.2 trillion ($109.5 trillion). Singapore’s AUM rose 19% y-o-y to $3.3 trillion, outpacing global AUM growth. Although global AUM growth was underpinned by China and the US last year, Singapore’s share of global AUM should continue to rise apace, spurred by its fintech hub positioning and as a gateway to Asian investment. As Asian economies continue to develop, GDP per capita rises, and equity and fixed income issuance rises in the longer term. Demand for pension and retirement plans will also grow as the population ages. 

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