S'pore's net AUM inflows falls to $193 bil in 2023, but AUM grows to $5.4 tril

Singapore’s net assets under management (AUM) inflows fell to $193 billion in 2023, from $435 billion in 2022, according to the latest edition of an annual report by the Monetary Authority of Singapore (MAS) on the asset management industry, released on July 18.

However, the country’s AUM rebounded by 10% in 2023 to reach $5.4 trillion, up from the $4.9 trillion recorded in 2022. The Monetary Authority of Singapore (MAS) says this 10% growth figure is faster than the AUM growth in Asia, which averaged 8%.