Singapore’s Asset Management Industry Tops Global Average Growth Rate

(The Straits Times) — Singapore’s asset management industry grew at a quicker pace than the global average in 2021, aided by a strong pipeline of new funds seeking investment opportunities in the Asia-Pacific.

Assets under management (AUM) here expanded by 16% from a year earlier to $4 trillion, according to the Singapore Asset Management Survey 2021.

The annual survey published by the Monetary Authority of Singapore (MAS) showed that global AUM grew by 12% to $112 trillion.