Singapore’s asset under management (AUM) climbed 15.7% y-o-y to $4 trillion in 2019, according to the Monetary Authority of Singapore (MAS) in a report released on September 30.

The growth was broad-based across traditional and alternative assets, according to the central bank.

Over the last five years, MAS said that the industry’s AUM expanded at a compound annual growth rate (CAGR) of 11%. There was an increase of 108 registered and licensed asset managers, which brings the total number to 895 in 2019.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook